Title
Resolution Approving a Lease to LeBauer Park, LLC of City Property that Will Serve as the Site of the Future Carolyn and Maurice LeBauer Park
Body
Department: Legal
Council District: 3
Public Hearing: Not Applicable
Advertising Date/By: Not Applicable
Contact 1 and Phone: Tom Carruthers, City Attorney, ext 2320
Contact 2 and Phone: Ted Partrick, Chief Engineer, ext. 2308
PURPOSE:
Adopt a resolution approving a lease to LeBauer Park, LLC of City property that will serve as the site of the future Carolyn and Maurice LeBauer Park.
BACKGROUND:
Carolyn Weill LeBauer, a resident of Greensboro, died March 8, 2012, and through her estate, she made provisions through the Community Foundation of Greater Greensboro ("CFGG") to use $10 million of her estate to develop an "outstanding public park" in the City of Greensboro ("City") to be named the Carolyn and Maurice LeBauer Park. The City, through its Parks & Recreation Department, has been working with CFGG on the development of a new city park in the downtown area of the City in accordance with the Last Will and Testament of Carolyn W. LeBauer. The CFGG and the City's Parks & Recreation Department have identified a site consisting of a 5.38? acre tract of land in downtown Greensboro, on North Davie Street, which includes the existing Festival Park and the former site of the YWCA building in downtown Greensboro for the park envisioned by Carolyn W. LeBauer. On April 1, 2014, the City adopted a Resolution in Support of the Carolyn and Maurice LeBauer City Park wherein the City agreed to accept the gift of a new park named the Carolyn and Maurice LeBauer City Park on the site described in the attached Lease Agreement. In order to facilitate the construction of the park, the City will lease to LeBauer Park, LLC the real estate necessary to construct the park, and once the park is constructed, the lease will end and the real estate along with the park improvements will become the proper...
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