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The attached lease has been prepared by the School District, and reviewed and <br />,approved by the City Attorney. The lease runsli concurrently with the Group w <br />Cable lease for the, building portion of the property, and expires Auqust 31, <br />19198,. The City has the option to renew the lease for an additional ten years, <br />only i,f Group W also renews its lease for the ten�year period. The rent is <br />year,, <br />Council Action Requested: Motion authoriz,ing the Mayor and City Manager to <br />sign the real, property lease with independent <br />School District No. 623 for the recreation are <br />a + ementary School, <br />