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Council committee advances new Central Market Trust management agreement to clarify capital planning and responsibilities
Summary
Administration and Central Market Trust worked on a rewritten management agreement to update roles and definitions, require annual capital planning, and set a $10,000 annual CMT contribution to a capital improvement fund.
City staff presented a rewritten management agreement between the City of Lancaster and the Central Market Trust (CMT) at the Nov. 3 committee of the whole. The draft contract replaces a 2006 agreement (amended in 2015) and aims to clarify responsibilities for operations, maintenance and capital improvements at the historic Central Market facility.
Director Tina Campbell said the new agreement standardizes…
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