title
FIRST AMENDMENT TO MEMORANDUM OF UNDERSTANDING FOR CADE MUSEUM & DEPOT PARK (B)
recommendation
The City Commission authorize the City Manager to execute the First Amendment to Memorandum of Understanding for Cade Museum & Depot Park
explanation
On December 20, 2012 (Legistar No. 120626), the City Commission authorized the City Attorney to prepare an amendment to the Memorandum of Understanding for Cade Museum and Depot Park ("MOU").
The MOU was drafted by the City Attorney and executed by the Cade Museum Foundation, Inc. The MOU requires the City to submit a draft disposition and development agreement to the Cade Museum Foundation on or before January 31, 2013. It is also the expressed intent that a final agreement be executed no later than December 31, 2013 with an anticipated construction start date no later than October 2, 2015.