HomeMy WebLinkAbout028822 ORD - 10/26/2010ORDINANCE
AUTHORIZING THE CITY MANAGER, OR HIS DESIGNEE, TO EXECUTE A
TEN (10) YEAR LEASE WITH FORESIGHT CORPUS CHRISTI GOLF, L.L.C.
WITH OPTIONS TO RENEW AN ADDITIONAL TEN (10) YEAR TERM, AND
THEN AN ADDITIONAL FIVE (5) YEAR TERM, FOR THE USE OF GABE
LOZANO SR. GOLF COURSE, OSO BEACH GOLF COURSE, AND
ASSOCIATED EQUIPMENT, FOR ANNUAL RENTAL PAYMENTS OF ONE-
HALF OF NET CASH FLOW FROM OPERATIONS; PROVIDING FOR
SEVERANCE; AND PROVIDING FOR PUBLICATION.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS:
SECTION 1. The City Manager, or his designee, is authorized to execute a ten (10) year
lease with Foresight Corpus Christi Golf, L.L.C. with options to renew for an additional ten
(10) year term, and then an additional five (5) year term, for the use of Gabe Lozano, Sr. Golf
Course, Oso Beach Golf Course, and associated equipment, in consideration of annual rental
payments of one-half of net cash flow from operations. A copy of the contract shall be filed
with the City Secretary.
SECTION 2. If, for any reason, any section, paragraph, subdivision, clause, phrase, word, or
provision of this ordinance shall be held invalid or unconstitutional by final judgment of a court
of competent jurisdiction, it shall not affect any other section, paragraph, subdivision, clause,
phrase, word or provision of this ordinance, for it is the definite intent of the City Council that
every section, paragraph, subdivision, phrase, word and provision hereof shall be given full
force and effect for its purpose.
SECTION 3. Publication shall be made in the official publication of the City of Corpus Christi
as required by the City Charter of the City of Corpus Christi. This contract takes effect on the
61st day following City Council approval.
028822
H:1LEG-DIR\Lisa12010 Ordinance\10 year golf course leasev2.doc
INDEXED
That the foregoing ordjn
reading on this the +
Joe Adame
Chris N. Adler
Brent Chesney
Larry Elizondo, Sr.
Kevin Kieschnick
ce was read for ®the first time and passed to its second
day of
, 2010, by the following vote:
Priscilla G. Leal
John E. Marez
Nelda Martinez
Mark Scott
That the fregoing ordinance was read for the second time and passed finally on this
the 46 ` day of Qelp , 2010, by the following vote:
Joe Adame Priscilla G. Leal
Chris N. Adler John E. Marez
Brent Chesney /41 Nelda Martinez
Larry Elizondo, Sr. Mark Scott
Kevin Kieschnick
PASSED AND APPROVED, this the 4 -Clay of
ATTEST:
Armando Chapa
City Secretary
APPROVED as to form:
By:
, 2010.
71;742-111.6
Joe Ada r e
Mayor
.t� .
24, t (
Lisa Aguil fssistant City Attorney
for the City Attorney
08822
State of Texas
County of Nueces
PUBLISHER'S AFFIDAVIT
CITY OF CORPUS CHRISTI
Ad # 5953665
PO #
Before me, the undersigned, a Notary Public, this day personally came
GEORGIA LAWSON, who being first duly sworn, according to law, says that she
is LEGAL SALES REPRESENTITIVE , the Corpus Christi Caller -Times, a daily
newspaper published at Corpus Christi in said City and State, -generally
circulated in Aransas, Bee, Brooks, Duval, Jim Hogg, Jim Wells, Karnes,
Kenedy, Kle.berg, Live Oak, Nueces, Refugio, San Patricio, Victoria and Webb
Counties, and that the publication of, NOTICE OF PASSAGE which the
annexed is a true copy, was inserted in the Corpus Christi Caller -Times on the
31ST DAY OF OCTOBER, 2010.
$116.69.
LEGAL SALES REPRESENTIVE
On thisr day of i41 -al 2 certify that the attached document
opy ma• !by publisher.
is a true and an exaqf
r ,
(Notary Public, State of Texas
CALLER -TIMES tt Octob r31, 2010 <c,11E
NOTICE DF'•
PASSAGE OF Oft
DINANC,E NO. '
0 81322
Authorizing the City
'Manager -or his de=
signee toexecute. a.
ten (10) iyear lease
wlth Forestght Cor-`
pus Christi Golf, LLC
with options to renew:
for an additional •;ten
then an ;additional
five (5) year term;' for
'the; use.or Gabe Lo-
zano, .Sr.'001f Course
and Oso.Beach Goif
'.Course,associated
equipmm&arit, for annu-
al rental,payrnents of
one half;of..net .cash
flow from;: operations
Thls ord. yeas, ppassed
& approved by..the;
City Council on+its
second:readng' on'
Octotier.26, 2010.;'.'
Is/Armando Chapa,
City Secretary