Pineville approves settlement and partial lease release to allow direct state leasing to commercial users

The Pineville City Council approved a resolution authorizing the mayor to execute a settlement agreement with Real Deal ENT LLC concerning the lease of property adjacent to Beulah Lake and separately approved a partial release of State Lands lease number 25 71 to permit the state to lease directly to commercial users.

The mayor explained that Real Deal Marine (the prior lessee) is selling to Holloway General (referred to as Holloway Outdoors in the discussion) and that, because of the sale, the city will cease subleasing the property and allow the state to lease directly to the commercial operator. The council moved and seconded the resolutions and approved both by voice vote. The transcript records the council's intent to 'get out of the subleasing business' for that parcel and to clear title/lease arrangements to allow the commercial lease to be handled by the state.

The actions affect leases adjacent to Beulah Lake (transcript also references a similarly named lake area), and the partial release references State Lands lease number 25 71; the transcript uses the wording 'Butylo Lake' in one instance. The council did not record detailed settlement terms or lease conditions in the meeting excerpt.