Raleigh City Council Regular Meeting Agenda May 05 2026
City Secures 30-Year Lease for Chavis Park Parcels
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Description
Raleigh will execute a 30-year lease with the State of North Carolina for three Chavis Park parcels at a rate of $50 per year. The agreement allows continued use of the properties for public park and recreation purposes, including greenway and pavilion space.
Contract Details
Contract Amount
$50 per year
Vendor
STATE OF NORTH CAROLINA
Agency
Raleigh Water, NC
Contract Type
FACILITIES
Document Date
May 5, 2026
Contract Term
30-year term
Renewal Date
2056-12-31
Renewal Info
New lease replaces the terminated 1974 lease and runs for 30 years at nominal annual rent; future renewal would be considered near term end.
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