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File #: 23-0673    Version: 1 Name: Golf Cart Operational Lease Approval For Bennett Valley Golf Course
Type: CC- Consent - Resolution Status: Agenda Ready
File created: 8/28/2023 In control: City Council
On agenda: 9/12/2023 Final action: 9/12/2023
Title: RESOLUTION - GOLF CART LEASE AGREEMENT APPROVAL FOR BENNETT VALLEY GOLF COURSE THROUGH SOURCEWELL COOPERATIVE AGREEMENT 122220-CCR RECOMMENDATION: It is recommended by the Recreation and Parks and Finance Departments that the Council, by resolution: 1) approve and authorize the City Manager to negotiate and execute a Lease Agreement utilizing a Sourcewell Cooperative Agreement 122220-CCR with VGM Financial Services, Minnetonka, Minnesota, for the operational lease of 72 Club Cars through VGM Financial Services, for the period of five years, and subject to approval by the City Attorney, with a total not-to-exceed amount of $531,360, which is divided into 60 monthly payments of $8,856; and 2) authorize the Chief Financial Officer to increase revenue and expenditure appropriations in the Bennett Valley Golf Course Enterprise under the new Lease Agreement.
Sponsors: Recreation and Parks, Finance
Indexes: Not a Project
Code sections: 15061(b)(3) - General Rule Exemption, 15378 - Not a Project
Attachments: 1. Staff Report, 2. Resolution, 3. Exhibit A - Lease Agreement