HomeMy WebLinkAboutReso. 2024-080 - Declaring Intentions to Enter into a Long-Term Lease with the Redding Rodeo Assn. SOI..UTICIN NO, 2024-080
A S+DLUTION OF TlEIE CI"TY COLTN+CIL O►IE THE �ITY 4F ItEDDI1Y�
D►ECLA N�G ITS Il�TTIEI�TTION TCl EN"TER IIVTO A Lt�N�-TE LEA�E
WITH T�-IE DDII�I+G RC)DEO ASS{�CTATICIN FCJR A PORTI(3N t3F 7�2
AUDIT(?ItIUM DRIVE IN THE CITY OF DDIlV�G CC?NTINGEl'�T t�l'�1
AG EMENT (?F ADllIT�t�NAL LEASE TE �AI�iD CONDITIC►N�
�4'�IE AS, the City af I2edding {City) avvns the reai praperty located at "�2� Auditarium L�rive
in the �ity (Pr�perty}; and
WHER.�A5, partic�ns of th� Property have been u5ed as the Rodeo Grc�unds and the Posse
Grounds Bt�at Ramp far more than seventy-five {75) years,and
W�IE AS, the Lessee, 12edding Rodeo Associatit�n, during t�e terrns af the prior Leases ancl
Amendments, has made and cc�nstructed improvements upc�n the premises and has �ontinued to
retain the Terms and Conditions c�f prior Leases and nc�w desires a longer-term lease; �nd
WHE�EAS, the City Cauncil of the City of Redding has formed an Ad-Hoc Committee far the
purpc�se of negotiating with the Redding Rodea Association the various elements of a lang-term
l�ase incluc�ing, but nc�t limited to, the California l7epartment of Hc�using and Cc�mmunity
Development Surplus Land Act, length of lease,value of th� lease,prevailing wag�r�quirements,
environmental requirements, permitting t�equirements, coordination with the Redding Riverfront
Specific Plan update, lease-h�ld boundaries, future ,grant or loan canditi�rns, and insurance ancl
�ndemnity, and
WI�E AS,the City Council desires tc�inc�icate its vuillingness ta cornmit to a long-term lease at
the outset of negotiations;
T+10W, THE FORE, I�E IT RESOLVETI BY 'THE CITY CC1UI�tCIL 4F THE CITY OF
REDD�I�1G zfs intention to enter into a lease of sufficient length ta secure necessary funding for
planned infrastructure updates with the Redt�ing Radeo AssQciatit�n for a portion af the Prc�perty
contingent c�n concurrence on a11 elements of a�ease agreement.
I HE �3Y C'EF�TIFY that the foreg�ing resolution was introduced and adapted at a regular
m�eting of the City Council of the City of Kedding on the 1 st day af Cictober, Z0�4, by the
following vote:
AYESt �ClUNCIL ME ERS;_,Tohnson,Mezzano,Munns,Winter,Audette
NC1ES: COUN+CIL ME ERSa -N�ne
ABSENT, CC?UNCIL ME ERS. -None
ABSTAIN: CCIUNCIL NIE ERS: -None
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