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Thursday, 16 May 2019

Lease Agreement

For many months now our board of governors and the trustees have been working on our lease agreement with The Urban Hotel Group (TUHG). Following the failure of the initiative with FUTSAL and Sports Complex, the board redoubled its efforts to bring our negotiations with TUHG to a successful conclusion. Many months and many drafts later, we seem to be nearing the end. The lease itself is a complex legal document of 26 pages representing decades of time and millions of dollars. I would like to express my gratitude to the board members involved and to the trustees for their conscientious efforts on behalf of the association. I do believe that these negotiations with TUHG are approaching their apotheosis. I will use this blog to keep you updated as things develop.

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