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Fuquay-Varina approves 40-year $1-per-year lease with Wake County for 19.3-acre Willow Spring park site
Summary
The town will lease a 19.3-acre former Wake County park adjacent to Willow Springs Elementary for 40 years (with a 20-year extension option) at $1 per year, design the site as a future town park and assume joint-use responsibilities.
The Fuquay-Varina Town Board on Aug. 4 approved a 40-year lease, with a 20-year extension option, for a 19.3-acre tract of former Wake County park property adjacent to Willow Springs Elementary School, to be developed as a town park.
Assistant Town Manager Mark Matthews told the board the lease would be for $1 per year and that town staff intend to absorb the maintenance costs within the parks…
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