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Council authorizes lease with Folsom Historic District Association to manage downtown public spaces
Summary
The council authorized the city manager to execute a lease with the Folsom Historic District Association (FHDA) giving the nonprofit responsibility to operate, manage and activate several public spaces in the Historic District (turntable, plaza, amphitheater, parking garage), with revenue share to the city.
FOLSOM, Calif. — The City Council on July 8 authorized the city manager to execute a lease agreement with the Folsom Historic District Association (FHDA) to operate and manage designated public spaces in the Historic District, including the turntable plaza, amphitheater and public parking garage.
Key terms and intent Tom Hellman, Parks & Recreation, presented the draft lease. The initial term would be three years with up to three additional three-year renewals. Rent payable to the city was described as a share of net revenue for events and rentals: 10% of net revenue in years one and two, and…
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