Memorandum

City of Lawrence

City Manager’s Office

TO:	Mayor and City Commission
FROM:	City Manager, David L. Corliss
DATE:	November 13, 2014
RE:	Trail Easement Agreement with RCP, LLC

As part of the design and construction of the walking/running trail at Rock Chalk Park, a certain portion of the trails were constructed on approximately 19.2 acres of property titled to RCP, LLC, the solely owned University of Kansas Endowment Association (KUEA) entity (see attached map).  This was with the understanding that the City would pay any property taxes on this property and would pay casualty/general liability insurance purchased by RCP,LLC related to the 19.2 acre tract.   The most recent property tax bill for the property was $19.36 in 2013.  KUEA has provided the attached no-fee trail easement agreement, executed by KUEA, to finalize this agreement.   Staff recommends City Commission approval of the agreement. 

Action

Approve agreement and authorize Mayor to execute, if appropriate.