The document discusses a proposed 20-year license agreement for a 15-foot wide river trail area between Irving Street and the City's Visitors' Center that is approximately 1,300 feet long. It would automatically renew annually, and either party could terminate with 90 days notice. The City would be obligated to maintain the area for an estimated annual cost of $5,300. Funding of $25,000 from half-cent sales tax revenue would be used to develop the trail in-house, with additional funding from a $79,730 project bid credit to construct over 1,250 feet of new concrete trail connecting to a park or sports complex.