Woodhall Spa Parish councillors meet tonight (Wednesday) to discuss the progress of their attempts to hand over control of Jubilee Park.
The council is in the process of setting up a new charitable company to take over responsibility of the park.
An interim board of directors was set up earlier in the summer with hopes of a speedy settlement - preferably in time for the peak tourist season.
However, an agreement has yet to be signed although parish council chairman David Clarke said progress was being made.
He explained: “Things have been held up, not least because of the summer holidays with various people being away.
“There have been some legal issues over the terms of the lease but we have made progress.”
Provided the scheme goes ahead, the parish council will become one of the first in the country to set up a company following the introduction of new legislation.
The park was owned by East Lindsey District Council who handed it over to the parish council a couple of years ago.
The parish council believes a charitable company would have numerous advantages - not least in applications for grants.