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NORTH CAROLINA


EXECUTIVE SUMMARY

Meeting Date: 9/28/2009
AGENDA #7f


Title of Agenda Item: Lease of the Wallace Parking Deck.

Background: The purpose of this report is to update the Council on activities leading to the development of a lease agreement between the Town of Chapel Hill and the Kidzu Children’s Museum for the construction of a new museum and exhibit space.

Fiscal Note: No fiscal impact identified.

Recommendations: That the Town Council review the attached lease agreement and give the Town staff additional guidance on its interest in pursuing this proposed agreement and what steps it wishes to take to consider this proposal in greater detail and receive public comment.


ATTACHMENTS:
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Staff Memorandum
Letter of Intent
Draft Air Rights Lease