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Board reviews 30‑year lease alignment with Hanley Trust for donated practice fields
Summary
Staff presented a proposed alignment of lease agreements with the Hanley Board of Trust for a donated 20‑acre parcel intended for practice fields; the draft lease would run 30 years with consecutive five‑year renewals and a symbolic $1 rent.
Staff briefed the board on a proposed alignment of Hanley Trust lease agreements following an alumni donation of about 20 acres near Jeff Street intended for practice fields and athletics. The plan would standardize several existing leases (the Hanley Board of Trust already owns land around Hanley and leases to the division for $1 in longstanding arrangements) and extend the new…
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