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<br />funding for future needs to service this agreement should be available from the Fund 037 budget, if City Council <br />approves during its annual budgetary deliberations. <br />The Inspector's Report lists a number of problems and repairs that need to be accomplished for the three <br />structures, most of which are not major. The only major repair that is of concern currently is the roof <br />replacement. That may require a capital expenditure in either next year's or the following year's budget. <br />Staff is recommending approval of this cooperative agreement as a way to provide operational stability <br />to the Depot museum for the benefit of future generations of La Porte citizens. <br /> <br /> <br />Action Required bv Council: <br />Consider approval of: AN ORDINANCE APPROVING AND AUTHORIZING AN <br />AGREEMENT OF PURCHASE OF PROPERTY BY THE CITY OF LA PORTE FROM <br />PORTE-BAY AREA HERITAGE SOCIETY, AND AN AGREEMENT OF LEASE <br />N THE CITY OF LA PORTE AND THE LA PORTE-BAY AREA HERITAGE SOCIETY, <br />WENTY YEAR TERM COMMENCING APRIL 1, 2008. <br /> <br />Ron Bottoms, City Manager <br /> <br />n)/ri ~ ~ <br /> <br />Page 2 of 2 <br />