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Council approves 99‑year lease with National Railroad Hall of Fame for Colton Park parcel
Summary
Council approved a 99-year lease granting roughly 25,066 sq ft of Colton Park property to the National Railroad Hall of Fame for $1 over the term; the Hall is responsible for maintenance, utilities, insurance and taxes and the land reverts to the city if not used as a museum.
The Galesburg City Council approved a final-reading ordinance authorizing a 99‑year lease with the National Railroad Hall of Fame for a portion of Colton Park. Staff said the lease covers approximately 25,066 square feet and carries a nominal $1 rent for the entire term; the Hall will be responsible for all maintenance, utilities, insurance and taxes and the land reverts to the city if it ceases to be used as a museum.
Staff recommended approval and noted no direct budget impact. The clerk recorded a 6-0 roll-call vote in favor. Council members asked staff to watch for administrative items tied to the lease; the mayor joked he would "be looking for that penny in the budget next year."
