Edinburg – The lease agreement between the City of Edinburg and the Vipers’ Corporation, which seems to have been written by someone in the Vipers’ Corporation is clearly primarily beneficial to the Vipers’. In fact, we fail to see any benefit to the city.
The lease payment to the City will be ONE DOLLAR A YEAR
- The Vipers’ will have ultimate-use-authority over the facility, little or no revenue will come to the City for thirty years.
- The Vipers’ authority includes leasing to private businesses certain areas of the facility.
- The City will pay all utilities including a maintenance fee to ensure effective day-to-day operation.
- NO PROPERTY TAXES WILL BE PAID to the City, County, ISD or other taxing bodies for thirty years.