RIVERTON - Riverton has formally agreed to lease 124 acres to the federal government for a new Job Corps center.

The lease signed Tuesday by Riverton Mayor John Vincent provides the land for 99 years at the rate of $1 per year. Sen. Mike Enzi also signed the document.

Lease in hand, the federal government can now begin building the center, which is expected to provide 550 students a year with job training.

An initial appropriation for $36 million for the center is expected to go before Congress this year. Opening is set for 2011.