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AGENDA ITEM #8.2. <br /> REPORT TO <br /> CITY COUNCIL <br /> Date: November 9, 2004 <br /> Subject: Bobber Water Tower Lease <br /> Report: Currently the Chamber leases the water tower and old <br /> Chamber building and grounds from the City. The Chamber <br /> subleases the old Chamber Building to Smokey Hollow Fish <br /> Company. The Chamber pays the City $150 per month which is <br /> `— supposed to be used for demolition of the water tower. <br /> The intent of this agreement was to give the Chamber some funds <br /> to be able to keep the water tower stable and painted. At the <br /> meeting we held, the Chamber requested to be solely responsible <br /> for all aspects of the water tower, including demolition should it <br /> become necessary. Because the Chamber will be responsible for <br /> the demolition of the Water Tower, they are requesting to <br /> discontinue paying the City the $150 per month. <br /> Council Action Requested: If the Council concurs with this <br /> scenario, staff will look at redrafting the existing lease and <br /> sublease and bring it back to the Council for final approval. <br /> CAMy Documents\City Clerk\Council Meetings\110904\Water Tower.doc <br />