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File #: 25-0392    Version: 1 Name: Amend the Operations and Maintenance Management Agreement with Touchstone Golf, LLC
Type: CC- Consent - Resolution Status: Agenda Ready
File created: 5/13/2025 In control: City Council
On agenda: 6/3/2025 Final action:
Title: RESOLUTION - APPROVAL TO AMEND THE OPERATIONS AND MAINTENANCE MANAGEMENT AGREEMENT WITH TOUCHSTONE GOLF, LLC, FOR THE MANAGEMENT OF THE BENNETT VALLEY GOLF COURSE RECOMMENDATION: It is recommended by the Recreation and Parks Department that the Council, by resolution: 1) approve a First Amendment to Operations and Maintenance Management Agreement with Touchstone Golf, LLC, a Delaware limited liability company which: a) extends the term by two-years through June 7, 2027, b) authorizes inclusion of an additional two-year extension option to be exercised at the discretion of the City in writing, and c) consents to the assignment of the beneficial ownership interest in Touchstone from TSG Newco, LLC to Kemper Sports Management, LLC; and 2) authorize the City Manager to execute the First Amendment to the Agreement and an additional 2 year extension if optioned.
Sponsors: Real Estate, Recreation and Parks
Indexes: Not a Project
Code sections: 15061(b)(3) - General Rule Exemption
Attachments: 1. Staff Report, 2. Resolution, 3. Exhibit A - First Amendment To Operations and Maintenance Management Agreement
Related files: 22-0433