Title
a. Approve and authorize the Chair of the Board of Supervisors of the County of Monterey to execute the five (5) year Lease and Fairgrounds Operation Agreement between the County of Monterey and the Salinas Valley Fair, Inc., to conduct agricultural fairs and other events on the County owned Salinas Valley Fairgrounds located at 625 Division Street in King City, California; and
b. Approve and authorize the Chair of the Board of Supervisors of the County of Monterey to execute up to eight (8), five (5) year extension options to the active Lease and Fairgrounds Operation Agreement between the County of Monterey and the Salinas Valley Fair, Inc.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Approve and authorize the Chair of the Board of Supervisors of the County of Monterey to execute the five (5) year Lease and Fairgrounds Operation Agreement between the County of Monterey and the Salinas Valley Fair, Inc., to conduct agricultural fairs and other events on the County owned Salinas Valley Fairgrounds located at 625 Division Street in King City, California; and
b. Approve and authorize the Chair of the Board of Supervisors of the County of Monterey to execute up to eight (8), five (5) year extension options to the active Lease and Fairgrounds Operation Agreement between the County of Monterey and the Salinas Valley Fair, Inc.
SUMMARY/DISCUSSION:
The County of Monterey, hereafter "County", owns certain properties, commonly referred to as the Salinas Valley Fairgrounds located at 625 Division Street, King City, California, hereafter "Fairgrounds". The Fairgrounds leased to the Salinas Valley Fair, Inc., a nonprofit public benefit corporation, hereafter "SVF", are described in the Lease and Fairgrounds Operation Agreement, hereafter "Agreement", between the County and SVF (Attachment A).
Since 1947, the County has contracted with SVF to manage and use the County owned Fairgrounds to conduct annual agricultural fairs and other rel...
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