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CITY COUNCIL MEMORANDUM <br /> NO. 2017-11 <br /> TO: Mayor Moore Wolfe <br /> City Council <br /> FROM: Tim Gleason, City Manager <br /> DATE: May 15, 2017 <br /> SUBJECT: Logging <br /> The City was recently approached by a logging firm that identified an area of land <br /> owned by the City that had viable timber that the company wished to remove and share any <br /> potential revenue with the City. This is land that is not developed and has a large amount of <br /> timber located on the property. The logging firm has agreed to remove a maximum of 114 trees <br /> and share the revenue with the City at fifty percent(50%) for veneer logs and thirty-three percent <br /> (33%) for grade and pallet logs. The City will receive a guaranteed minimum of Twenty-Five <br /> Thousand Dollars ($25,000.00)regardless of the total revenue received. <br /> The Agreement is for a one (1) year period with the City having the ability to terminate <br /> the Agreement at any time prior to the year expiration. All the timber to be removed will be <br /> approved by the City. Insurance and indemnification for the City are required and provided for <br /> in the Agreement. <br />