[VIDEO] The Shelton City Council held a special meeting Monday night to hammer out the final wording of its proposed lease with the South Sound YMCA for a 10.55-acre, city owned parcel on the corner of Shelton Springs Road and Wallace Kneeland Boulevard, east of Oakland Bay Junior High and Shelton High School.
During the meeting, council members, city staff, and attorneys for the city and the YMCA finalized several clauses in the lease relating to parking, the timber on the parcel, and how much time the YMCA would have to sell the building if the lease were terminated or whether the city would take possession of the building.
The term of the lease would be for 60 years at $1 a year with two options to extend the lease for 40 years.
The Shelton City Council plans to take action on the lease at 7 PM Tuesday, July 10th. City staff plans to have copies of the final lease posted to the City’s website prior to the meeting.