File #: 19-1517    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 10/25/2019 In control: City Council
On agenda: 11/12/2019 Final action: 11/19/2019
Title: Ordinance to amend the 40-year Lease Agreement with SQH Sports & Entertainment, Inc., which was originally authorized on October 18, 2016 for the lease of approximately 67.69 acres of unimproved land near State Highway 286 and FM 43 (Weber Road) for a regional youth sports complex, with the amendment to provide for extension of the performance milestones in the lease and notice of default.
Sponsors: Assistant City Manager
Attachments: 1. Agenda Memo_SQH_Final, 2. Exhibit A and F, 3. Ordinance - SQH Final, 4. SQH Lease Amendment 10-25-19_Signed, 5. Original Lease Agreement, 6. Map Overview

Title

Ordinance to amend the 40-year Lease Agreement with SQH Sports & Entertainment, Inc., which was originally authorized on October 18, 2016 for the lease of approximately 67.69 acres of unimproved land near State Highway 286 and FM 43 (Weber Road) for a regional youth sports complex, with the amendment to provide for extension of the performance milestones in the lease and notice of default.