Laserfiche WebLink
4 ~~G O <br /> ~ ' . <br /> REQUEST FOR l ~ <br /> COUNCIL ACTION Ed'°"t'°n Isr <br /> CITY COUNCIL February S , 1996 CLERK OF THE COUNCIL USE ONLY <br /> MEETING DATE <br /> Ap roved <br /> TITLE LEASE MODIFICATION - As Recommended ~ <br /> RIVERVIEW GOLF COURSE 0 As Amended (see Minutes) <br /> ~ Ordinance on 1st Reading <br /> C] Ordinance on 2nd Reading <br /> _ Implementing Resolution <br /> 0 Set Public Hearing For <br /> ~ Continued to: <br /> t ` <br /> ~ ` ~ ~ c~ , /„/~.-;~`"t t: FILE NUMBER(S): _ <br /> CITY MANAGER <br /> RECOMMENDED ACTION <br /> Direct the City Attorney to prepare, and authorize the Mayor and the Clerk <br /> of the Council to execute, a third modification to the lease agreement with <br /> Mary Patricia Keane, dba Riverview Golf Inc. <br /> DISCUSSION <br /> On August 21, 1961, a lease agreement was executed between the City of <br /> Santa Ana and Riverview Golf Inc., for the construction and operation of a <br /> golf course along the southeasterly boundary of the Santa Ana River channel <br /> north of 17th Street. An amendment to said lease was executed on <br /> November 21, 1966, which expanded the operation from a 9-hole to an 18-hole <br /> golf course by combining the City-owned property with that owned by the <br /> County of Orange in the form of parallel leases with the County and City. <br /> The current lease provides for the City to recieve a percentage of gross <br /> receipts, as follows: <br /> Dates Percentage Rate <br /> 8/21/86 to 8/20/96 6~ <br /> 8/21/96 to 8/20/06 7~ <br /> 8/21/06 to 8/21/11 8~ <br /> As a result of the Santa Ana River Mainstem Project, the golf course had to <br /> temporarily reduce to nine holes. Therefore, the County agreed to <br /> renegotiate its term and rental amounts. City staff has also renegotiated <br /> the term and rental amounts to coincide with the County lease. The primary <br /> desire of the operator was to extend the lease so that a full 30-year term <br /> would remain in order to facilitate the obtaining of financing for capital <br /> improvements. <br /> The new term will end 30 years from the first day the reconstruction period <br /> ends. The new rental rate will be based on a percentage of gross receipts <br /> from business conducted on or from the golf course. The percentage of <br /> gross receipts breaks down as follows: <br /> <br /> C.S. 383 O <br /> <br />