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<br /> 1 <br /> Riverview <br /> February 5, 1996 <br /> Page 2 <br /> Date Amount <br /> 8/21/86 through 8/20/96 6$ <br /> 8/24/96 through 8/20/06 7$ <br /> 8/21/06 through 8/20/16 8~ <br /> 8/21/06 through 8/20/21 9~ <br /> 8/21/21 through end of lease 10~ <br /> The only alternative considered would be to not execute the lease <br /> modification, which would result in a loss of revenues for the City. <br /> FISCAL IMPACT <br /> Rental payments for the most recently audited 12-month period averaged <br /> $2,150 per month. It is anticipated that this amount will rise <br /> substantially when the course is once again a full 18-hole operation. <br /> Funds received from this agreement will be deposited into the Riverview <br /> Golf Course revenue account (account no. 011-01-5804). <br /> APPROVED AS TO FUNDS AND ACCOUNT: <br /> Cynthi J. Nel on Rod R. Coloma <br /> Executive Director/ Executive Director/ <br /> Community Development Agency Finance & Management Services Agency <br /> h:\actions\rivervw.cc <br /> 094 <br /> <br />