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MANAGEMENT AGREEMENT BETWEEN THE CITY OF SANTA ANA AND <br />SANTAANA GOLF, LLC FOR RIVER VIEW GOLF COURSE <br />THIS MANAGEMENT AGREEMENT ("Agreement") is made and entered into as of the <br />3rd day of March, 2026 ("Effective Date") by and between the City of Santa Ana, a California <br />Municipal Corporation ("City") and Santa Ana Golf, LLC, a California limited liability company <br />and a wholly owned subsidiary of CourseCo, Inc. ("Contractor"). City and Contractor are at times <br />collectively referred to as the "Parties." <br />RECITALS <br />WHEREAS, on May 15, 1953, the City acquired, by Corporation Grant Deed, that certain <br />real property located in the City of Santa Ana along the southeasterly boundary of the Santa Ana <br />River channel north of 17th street. <br />WHEREAS, on November 2, 1964, the City and Riverview Golf Company (subsequently <br />restructured as Riverview Golf LLC) entered into a lease agreement, as amended, for that certain <br />real property in the City of Santa Ana along the southeasterly boundary of the Santa Ana River <br />channel north of 17th street for the construction and operation of a 9-hole golf course, commonly <br />known as River View Golf Course ("Facility"). <br />WHEREAS, on September 2, 1969, Riverview Golf LLC and the Orange County Flood <br />District ("District") entered into a lease agreement, as amended, for a portion of the District's <br />Santa Ana River Channel (located along the Santa Ana River between the 22 Freeway and 17th <br />Street in the City of Santa Ana) allowing for Riverview Golf LLC to expand its business operation <br />to that of an 18-hole golf course using the combined properties under both the City and District's <br />lease agreements. <br />WHEREAS, the lease agreement with Riverview Golf LLC and the City is set to expire on <br />April 30, 2026, at which time City will be without professional management over the Facility. <br />WHEREAS, the lease agreement between Riverview Golf LLC and the District has expired <br />and Riverview Golf LLC is continuing use of the District's land in holdover status. <br />WHEREAS, City and the District are actively negotiating a lease agreement for City's use <br />of the District's land to continue operations of River View Golf Course as an 18-hole public golf <br />course, at which time, Riverview Golf LLC's holdover tenancy will be terminated. <br />WHEREAS, City is in need of a professional manager for the complete organization of the <br />Facility, including, but not limited to, accounting and administration of all receipts and <br />disbursements, marketing and sales, supervision of all employees, procurement of all insurance, <br />and maintenance of the Facility and its equipment. <br />WHEREAS, City has received a proposal from Contractor, has reviewed the previous <br />relevant experience and evaluated the expertise of Contractor, and desires to retain Contractor to <br />render services under the terms and conditions set forth in this Agreement. <br />-1- <br />