Item Coversheet

City of Davenport

Department:  Finance
Contact Info:  Corri Spiegel | 563-888-2066
Action / Date
4/14/2021
Subject:

Motion approving the 2021 Amended Stadium Lease Agreement with Main Street Iowa, LLC for the use of Modern Woodmen Park to conduct or host baseball and special events. [Ward 3]

Recommendation:
Pass the Motion.
Background:

Due to structural changes made by Major League Baseball (MLB) to the Minor League system, the stadium lease agreement between the City and Main Street Iowa, LCC needed to be modified to reflect the current landscape of professional baseball. In addition, both parties have taken the opportunity to modernize the agreement and incorporate several separate amendments into one single document. This revised lease agreement ensures that the City and Main Street Iowa will continue to provide high quality professional baseball at a public facility that is nationally recognized as one of the best stadiums in the MLB-affiliated Minor League system.

ATTACHMENTS:
TypeDescription
Backup MaterialLease Agreement
Backup MaterialParking
Backup MaterialCapital Project & Funding Models
Backup MaterialMaintenance Agreement
Backup MaterialPDL Facility Standards
Backup MaterialSuite Level HVAC