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RES NO 10-03-1991 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. to 3 -1991 A RESOLUTION PERMITTING SUB -LEASE OF A PORTION OF RIVERFRONT PARK. WHEREAS, The City of Van Buren holds title to the public outdoor recreation area known as River front Park; and, WHEREAS, The City of Van Buren has a Permit Agreement with Charles Agar, the current Permittee, to lease said Riverfront Park for the purpose of operating a marina; and, WHEREAS, The current Permittee desires to sub -let a portion of the Riverfront Park for the op- eration of a tourist, recreation enterprise, specifically, but not limited to, the op- eration of an excursion boat; and, WHEREAS, Such a use of the Riverfront Park would be consistant with the intended use of the River front Park as a recreation area for the general public; and, WHEREAS, The City must consent to any assignment of the Permit Agreement or any sub -lease of a portion of the Riverfront Park. NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS: SECTION 1: That the City of Van Buren, Arkansas hereby consents to the sub -lease of a portion of Riverfront Park by the current Permittee, Charles Agar, to John Hoseman, the Sub lessee. SECTION 2: The Sub lessee shall be governed by the same provisions of the Permit Agreement as is the current Permittee, with the exception of the provisions regarding the length of the Permit Agreement and the permit fee to be paid to the City. SECTION 3: The current Permittee and the Sub lessee shall be allowed to determine as between them- selves, the length of the sub- lease, the portion of the Riverfront Park to be sub -let, and the fee to be paid by the sub lessee to the current Permittee. PASSED AND APPROVED this 21st day of October 1991. MAYOR ATTESTED,: CITY- CLERK TREASURER 0