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was not going to be included within the rental terms of the contract. He agreed to this statement. <br />In the alternative, if it is decided to terminate the lease, either party may terminate this lease by giving written <br />notice on or before August 1, 2011. The notice to terminate the lease by either party shall be effective July 31, <br />2012. Mr. Sharp would be required to pay that current lease rate until the termination. <br />If a conclusion is reached at the worksession, this item will be placed on the consent agenda to be adopted at the <br />July 26, 2011 regular city council meeting. <br />Funding Source: <br />These properties were purchased with RALF funds and any rental revenue generated is used to cover costs of the <br />property. <br />Council Action: <br />Based upon discussion. <br />Sharp Proposed Rents <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 07 /20/2011 10:45 AM <br />Form Started By: Diana Lund Started On: 07/19/2011 11:40 AM <br />Final Approval Date: 07/20/2011 <br />