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Board says park lease contract missing requested terms; will return redline to lessee
Summary
Board members said a lease contract from LR did not include terms the village had requested; the board plans to prepare a redline and send it back to the lessee as it works to finalize park arrangements.
Committee member (speaker 3) updated the board on park negotiations, saying staff and the lessee remain in discussion but there are outstanding contract terms. On the record, S3 said the contract sent by LR "did not contain everything that we've requested for the 10th time" and the village plans to assemble a redline copy and return it to LR for further negotiation.
S3 described progress as 'close' but noted several 'loose ends' remain to be resolved before finalizing the park arrangement. The update indicated the board expects further work by staff and a subsequent meeting to finalize the lease or related agreements.
No formal action was taken at the Feb. 11 meeting to finalize the lease; staff will continue negotiations and circulate the revised draft to the lessee and the board.
