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Home My WebLink About027476 ORD - 11/13/2007Page 1 of 2 AN ORDINANCE AUTHORIZING THE CITY MANAGER OR DESIGNEE TO EXECUTE AN AMENDMENT T To THE STADIUM LEASE AGREEMENT BETWEEN THE CITY OF CORPUS CHRISTI, TEXAS AND ROUND ROCK BASEBALL, INC., AND ASSIGNED TO CORPUS CHRISTI BASEBALL CLUB, L.P., A TEXAS LIMITED PARTNERSHIP, TO AUTHORIZE THE USE OF CAPITAL REPAIR FUNDS FOR ALTERATIONS, ADDITIONS, AND NEW IMPROVEMENTS SUBJECT TO LESSEE PAYING SUPPLEMENTAL RENT TO REPLENISH THE CAPITAL REPAIR FUND; PROVIDING IDING FOR PUBLICATION. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS, THAT: SECTION 1. The City Manager or designee is authorized to execute an amendment to the Stadium Lease Agreement between the City of Corpus Christi, Texas and Round Rock Baseball, Inc., and assigned to Corpus Christi Baseball Club, L.P., a Texas Limited Partnership, to authorize the use of Capital Repair funds for alterations, additions, and new improvements, subject to Lessee paying supplemental rent to replenish the Capital Repair Fund. SECTION 2. Publication shall be made in the official publication of the City of Corpus Christi by pg ubli hin a description of the lease, including the names of the parties, the term, payments to the City and purpose of the lease. G27476 H:ILE -DI \hared\ aryS\a enda12 7110-161ord- Ba ebaII tadiumLeaseAgreement.d0 Page 2 of 2 That the foregoing orin,qne was read r the in time and passed to its second } 2007, by the following vote: reading on this the - day of Henry Garrett Melody Cooper Larry Elizondo, Sr. Mike Hummel! Bill Kelly Priscilla G. Leal John E. Marez Nelda Martinez Michael McCutchon That the foregoing ordin ne was read for the second time and passed to its final reading on this the day of i 1 2007, by the following vote: Henry Garrett Melody Cooper Larry Elizondo, Sr. Mike Hu melt Bill Kelly PASSED AND APPROVED this the ATTEST: Armando Chapa City Secretary Priscilla G. Leal John E . Marez Nelda Martinez Michael McCutchon 3 day of 1\100,144-(/l , 2007. APPROVED as to form: October 10, 2007 .1Milli GJry LSmith Assistant City Attorney for the City Attorney ellrA;e1i Henry Garre Mayor 27476 F--I:1LEG-DIR hared ary ‘agenda12(307110-1 \Ord- B seb ll tadiumLe seAgreement.de PUBLISHER'S AFFIDAVIT State of Texas } CITY OF CORPUS CHRISTI County of Nueces } Ad # 5825851 PO # Before me, the undersigned, a Notary Public, this day personally came CRIB OF TAD , who being first duly sworn, according to law, says that she is LEGAL SALES REPRESENTITIVE AND EMPLOYEE OF THE PUBLISHER nran-y,. 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 er , Live Oak, Nueces, Refugio, San Patricio, Victoria and Webb Counties, and that the publication of, NOTICE OF PASSAGE OF ORDINANCE NO. 027476 which the annexed is a true copy, was inserted in the Corpus Christi Caller -des on the 18TH of NOVEMBER 2007. $198.41 LEGAL SALES REPRESENTIVE lime(s) On this day • 1kA, 2061I certify that the attached document is a true and an exact copy made by publisher. 41110 *t�trr♦�ir* -'';- GWENN j, MEDINA C$SIGN EXPIRES AuguM Not Public, State of Texas November 18, 2007 NOTICE OF PASSAGE l~ ORDINA,Z2 NO. 027476 Authorizing the City Manager to execute an amendment to the long-term lease with Round Rock Baseball, inc. as- signed to Corpus Christi Baseball Club, L.P., to man- age and operate a baseball stadium constructed by the City, in considera- tion of the payment of rent and the obli- gation to have a minor league base- ball team affiliated with the major league baseball play its home games in the stadium. The term of the lease is 15 years, with option to extend the lease for two additional fire -year periods. The lessee agrees to pay annual rent for each lease year as follows: Lease Years 1 to 5- $50,000 - $ 0,0 0 per Lease Year; Lease Years to 10 - $60,000 per Lease Year; and Lease Years 11 to. 1 5 - $70,000 per Lease Year, amend- ing the lease to authorize the use of Capital Repair Funds for altera- tions, additional and new improvements subject to Lessee paying supplemental rent to replenish the Capital Repair Fund. This ordinance was passed and ap- proved by the City Council of the City of Corpus Christi on its second reading on November 13, 2007. is/ Armando Chapa City Secretary City of Corpus Christi PUBLISHER'S AFFIDAVIT State of Texas } CITY OF CORPUS CHRISTI County of Nueces } Ad # 5820707 PO # Before me, the undersigned, a Notary Public, this day personally came CRIS HURTADO, who being first duly sworn, according to law, says that she is LEGAL SALES REPRESENTITIVE AND EMPLOYEE OF THE PUBLISHER namely, the Corpus Christi Caller -Tunes, a daily newspaper published at Corpus Christi in said City and State, generally circulated in Aransas, Bee, Brooks, s, Duval, Jim Hogg, Jim Wells, Karnes, Kenedy, Kleberg, Live Oak, Nueces, Refugio, San Patricio, Victoria and Webb Counties, and that the publication of, NOTICE OF PASSAGE OF ORDINANCE, which the annexed is a true copy, was inserted in the Corpus Christi Caller -Times on the 21ST of October, 2007. $203.40 it4 �EGAL S ES REPRESENTIVE 11ime(s) On this 1 day of , 2 061 I certify that the attached document is a true and an exact copy made by publisher. OWENN MEDINA MY COMMISSION EXPIRES Awl ,2008 N tary Public, State of Texas October 21, 2007 • . NOTICE OF • PASSAGE OF ORDINANCE ON FIRST READING Authorizing the-ity Manager to execute an amendment to the ion -term lease with Round Rook Base- ball, Inc. assigned to Corpus Christi Base- ball Club, L.P., to manage and operate a baseball stadium . constructed by the City, in consideration .of thepayment of rent and the blig - • tion to have a minor •. league baseball team affiliated with the. mar- :::jor_ league baseball - 'play its home games • in the stadium. The term of -the lease is .15 years, • with. option • to extend the lease for two:addrtionai fire -year periods. The -lessee agrees to pay. annual rent for . each:Iease year as follows:. Lease Years . f . to . ..- $50,000 per Lease Year; Lease Yearsto 1' - • 6 ,cop. per .Lease ear; and Lease 'Years 11 to 15 - -$70,000 per Lease Year, amending the lease to. authorize the ► use .of Capital Repair , - Funds for alterations, additional and new improvements sub- ject to Lessee paying supplemental rent to replenish the Capital Repair- Fund. •. • This • ordinance was passed and approved by the City Council of the City of Corpus Christi. on -its first reading' on October 16,2007.: •- /s/ Armando hapa City Secretary • City of Corpus Christi •