File #: 12-00655    Version: Name:
Type: Ordinance Status: Passed
File created: 8/31/2012 In control: City Council
On agenda: 9/18/2012 Final action: 10/23/2012
Title: Second Reading Ordinance - Executing a sublease agreement to build and operate a bicycle motocross track on a portion of Manuel Q. Salinas Park at 1354 Airport Road (1st reading 9/18/12) (Requires 2/3 vote) Ordinance authorizing the City Manager, or his designee to execute a 5 year sublease agreement with South Texas BMX, LLC for the use of approximately 3 acres out of Manuel Q. Salinas Park located at 1354 Airport Road, for construction and operation of a bicycle motocross facility, with options to extend for up to two additional five year terms, in consideration of monthly rental payments of ten percent of net revenues; providing for severance; and providing for publication.
Sponsors: Parks and Recreation Department
Attachments: 1. Agenda memo - South Texas BMX, 2. Ordinance - South Texas BMX LLC, 3. Lease - South Texas BMX
Title
Second Reading Ordinance - Executing a sublease agreement to build and operate a bicycle motocross track on a portion of Manuel Q. Salinas Park at 1354 Airport Road (1st reading 9/18/12) (Requires 2/3 vote)
 
Ordinance authorizing the City Manager, or his designee to execute a 5 year sublease agreement with South Texas BMX, LLC for the use of approximately 3 acres out of Manuel Q. Salinas Park located at 1354 Airport Road, for construction and operation of a bicycle motocross facility, with options to extend for up to two additional five year terms, in consideration of monthly rental payments of ten percent of net revenues; providing for severance; and providing for publication.