TITLE
Recommendation to authorize City Manager, or designee, to execute all documents necessary for an Amended and Restated Lease No. 17448 with American Golf Corporation, for the continued operation of the City's golf courses and associated activities. (Districts 3,4,5)
DISCUSSION
In July 1984, the City Council approved Lease No. 17448 (Lease) between the City of Long Beach (City) and American Golf Corporation (AGC). The Lease is administered by the Parks, Recreation and Marine Department (PRM) and the partnership between the PRM and AGC has resulted in the City's golf operation being one of the busiest and most successful municipal golf operations in the United States. The Lease has one remaining five-year extension term available in 2019 at the option of AGC, which they have requested to exercise at this time, and one, five-year extension term available at the option of the City, in 2024. If all options are exercised, the Lease would extend through August 14, 2029.
The Lease has previously been amended 11 times between 1985 and 2014. In addition, PRM and AGC have agreed to several operational practices over the years. All parties agree that the various agreements should be consolidated into an Amended and Restated Lease.
The proposed Amended and Restated Lease contains the following major terms and provisions:
• Premises: The five City-owned municipal golf courses (EI Dorado Park GC, Heartwell Park GC, Recreation Park 9-hole GC, Recreation Park 18-hole GC, and Skylinks at Long Beach GC) and all related buildings, except for certain portions of the Clubhouse at Recreation Park 18-hole GC that are utilized as offices by PRM, and the restaurant and banquet tent at EI Dorado Park GC, which are operated under Lease No. 25092, which AGC assumed from Choura Venue Services in 2011.
• Term: The current term of the Lease expires on August 14, 2019, with one five-year extension term available to AGC, that they wish to execute at this time, and one five-year e...
Click here for full text