Item 52

Authorize the Division of Parks and Recreation to amend the terms of the Lease Agreement with the White Mountains Recreation Association Inc., d/b/a White Mountain Attractions Association (originally approved by G&C on 11-19-08, item #81), by extending the lease term for an additional 3 year period to November 30, 2021 from November 30, 2018; by extending the monthly rent schedule to cover the additional 3 year period; and by extinguishing the requirement that the Lessee expend a certain amount in renovations, repairs, and/or upgrades to the Premises. An amendment to the Lease that enabled WMAA to exercise their option of a five year lease renewal and secure financing for $275,000 for building improvements was approved by G&C on 5-11-11, item #25C. No State funds are involved in the amendment.