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Crossville reviews 15-year lease of county-owned downtown parking lot that would require city-funded paving and maintenance
Summary
Council discussed terms of a proposed 15-year lease from the county for a downtown parking lot: the city would make a one-time consideration payment of $100, assume insurance, paved-surface costs estimated around $60,000, and work with the county in good faith on unknown subsurface conditions; the county will vote next week.
Crossville staff briefed the council on a proposed 15-year lease for a county-owned downtown parking lot that would require the city to pay for paving and maintenance and to assume certain risks related to unknown underground conditions.
City counsel said the draft lease is largely final from the city’s perspective but raised a concern about unknown subsurface infrastructure and potential liability for damage to nearby buildings from ruptured lines. “There’s been damage to some buildings from water lines that have…
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