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j` <br />+• • <br />Lease Amendment - <br />Riverview Golf Course <br />March 5, 2001 <br />Page 2 <br />FISCAL IMPACT <br />Lease payments to the City are based on a percentage of gross receipts <br />from business conducted on or from the golf course (greens fees, cart <br />rentals and pro shop sales). Lease payments for the most recently <br />audited 12-month period averaged $5,000 per month. At the current rate, <br />repayment of costs associated with restroom improvements should take <br />approximately six months. The fiscal impact resulting from this noise <br />mitigation measure is loss of revenue in the amount of $27,590.03 to the <br />Rental of Property revenue account (account no. Oll-Ol-5804). <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />J n P. Reekstin <br />Executive Director <br />Community Development Agency <br />L~+~-i-~-~....,. <br />Rod R. Coloma <br />Executive Director <br />Finance & Management Services Agency <br />H:Actions\2001 CC\LeaseAmend-Riverview Golf-3-5-01 <br />65.A. <br />44 <br />