Title
Approve Stadium Lease Agreement between Wake County, Town of Zebulon, and Capitol Broadcasting Company
Recommended Action
That the Board of Commissioners:
1. Approves the lease agreement between Wake County, Town of Zebulon, and Capitol Broadcasting Company, subject to terms and conditions acceptable to the County Attorney; and
2. Accepts and appropriates $238,164.89 in lease termination payments and rent payments from the Carolina Mudcats into the Major Facilities Capital Fund; and
3. Approves a transfer of $8,500,000 from the Program-Wide Element of the County Capital Fund to the Major Facilities Capital Fund and increases the appropriation of the Major Facilities Capital Fund by $8,500,000.