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Bryan council approves amendment to ground lease for Midtown Park sports facility
Summary
A council member moved and the mayor seconded approval of a third amendment to the ground lease with SMBG Bryan, LLC that requires an individual guarantee on a promissory note; the council voted unanimously, with authorization set to expire on 2026-06-19.
A council member moved to approve “the 3rd amendment to the ground lease between the City of Bryan and SMBG Bryan, LLC, as presented,” including a requirement for an individual guarantee of the promissory note and an authorization expiration date by close of business on 06/19/2026. The motion was seconded by the mayor and put to a vote.
The presiding mayor called for the ayes and announced the motion “carries unanimous.” The item was presented by a city staff member as agenda item 5A and described as related to construction of a multi‑use sports, recreational and entertainment facility at Midtown Park in Bryan, Brazos County, Texas. No further details on financing terms or guaranteed parties were provided in the meeting record.
