HomeMy WebLinkAbout033495 ORD - 10/22/2024Ordinance authorizing a three-year lease with Elizondo Tennis
Foundation, a Texas non-profit corporation, to lease the Al Kruse
Tennis Center and the HEB Tennis Center, with two one-year renewal
options, in consideration for a monthly percentage of net revenue to
the City of 15% in year one, 20% in year two, and 25% in year three, or
minimum monthly rent payments of $2,500.00 in year one, $2,625.00 in
year two, and $2,765.25 in year three, whichever is greater. (6 votes
required)
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS:
Ordinance authorizing a three-year lease with Elizondo Tennis Foundation, a Texas non-
profit corporation, to lease the Al Kruse Tennis Center and the HEB Tennis Center, with
two one-year renewal options, in consideration for a monthly percentage of net revenue
to the City of 15% in year one, 20% in year two, and 25% in year three, or minimum
monthly rent payments of $2,500.00 in year one, $2,625.00 in year two, and $2,765.25 in
year three, whichever is greater.
Introduced and voted on the I5 day of C_)01.1 2024.
PASSED and APPROVED on the day of 00-4, 2024.
Paulette Guajardo, Ma
ATTEST:
t
eI ecca Huerta, City Secretary
033495
SCANNED