TO: Mayor and City Council
FROM: James V. Capparelli, City Manager
SUBJECT:
title
Resolution Authorizing the Execution of an Agreement for the Lease and Operation of Duly Health Care Field
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BACKGROUND:
The current lease with the Joliet Slammers is expiring soon; city staff have negotiated a new lease with the organization. Key points are below.
The term of the lease shall be until 2028.
Rent shall be increased to $90,000 annually and will increase to $105,000 in 2026.
The City shall have the right, but not the obligation to approve any naming rights
The team shall have the right to install an electronic message board outside the stadium
This item was approved by the Stadium Committee.
RECOMMENDATION:
recommendation
It is recommended that a Resolution approve this Resolution authorizing the execution of an Agreement for the Lease and Operation of Duly Health Care Field.
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