Medical Lake council talks about Waterfront Park lease
Last updated 1/11/2024 at 9:54am
MEDICAL LAKE – The City Council unanimously approved Resolution 24-648, which allots more time for the city to discuss leasing options for the state-owned Waterfront Park site.
The discussion took place during a Jan. 2 council meeting.
According to Mayor Terri Cooper, there have been changes that may impact the renewal process.
"It was a 50-year lease agreement, and we want to buy some more time," Cooper said.
A change in state law now requires the lease to be at fair-market value, which is more than the previous lease agreement.
Cooper said the city will ask the Legislature to amend th...