RES NO 02-11-2005 CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. 02-11 -2005
0 A RESOLUTION EXTENDING THE LEASE WITH FELK ENTERPRISES FOR THE
USE OF GOOSE HARBOR MARINA.
WHEREAS, Frank A. Bailey, President of Felk Enterprises, Inc., desires to extend its
lease with the City for the use of Goose Harbor Marina so that he may
obtain financing on behalf of the corporation to make improvements to the
property; and
WHEREAS, The City Council believes it to be in the best interest of the City and its
Citizens to extend the term of the lease.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
VAN BUREN, ARKANSAS:
SECTION 1: That the term of the lease with Felk Enterprises, Inc., for the use of Goose
Harbor Marina is hereby extended to twenty -five years, to be reviewed
every five years for changes for rent, insurance, and other issues.
PASSED AND APPROVED THIS 8 DAY OF FEBRUARY, 2005.
MAY JOHN S
ATTESTED:
CITY CLERK/TREASURER
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