8. Term; Renewal; Termination

City Commission Meeting · 2026-06-11 · agenda_item

This item concerns a Memorandum of Understanding (MOU) between Newtown and the City of Palatka. The MOU is planned to begin on July 1, 2026, and will last for five years, ending on June 30, 2031. It can be renewed for additional five-year periods. The agreement allows either party to end the MOU with 60 days' notice. If the MOU is terminated or expires, Newtown will end its operations, and the City will take over the facility. This process involves concluding operations, delivering final reports, and returning property. Local contractors, suppliers, and service providers may find opportunities related to the conclusion of operations and the transition of facility control. Reaching out to the City of Palatka or Newtown early could provide insight into potential needs as the agreement's term approaches.

term length

5 years

renewal term length

5 years

termination notice period

60 days

cure period for breach

30 days