Town of Chapel Hill North Carolina Executive Summary

Meeting Date: 10-27-2008 Time:                    7:00 PM AGENDA #4g

Title of Agenda Item: Proposed Extension of a Lease of a Building on Homestead Road to Sport Art Gymnastics, LLC

Background:  The attached staff memorandum includes background information on a proposal to extend the lease for an approximately 6,000 square-foot building at 2200 Homestead Road for the operation of a gymnastics school. The proposal would extend the current lease for an additional two year period.

Staff Recommendation(s):  That the Council adopt the attached resolution that would authorize the Manager to execute a two year lease extension agreement with Sport Art Gymnastics LLC.

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