File #: 22-1997    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 11/11/2022 In control: City Council
On agenda: 12/20/2022 Final action: 1/10/2023
Title: Ordinance authorizing the Second Amended and Restated Addendum No. 1 to Lease Agreement with Foresight Corpus Christi Golf, L.L.C. a Texas Limited Liability Company, which provides for $412,000.00 from the Golf Fund and $1,160,000 from the anticipated Certificates of Obligation for increased construction costs for improvements to the Lozano Golf Center Executive Nine Hole Course and practice range; appropriating $412,000 from the Golf Fund; and amending the operating and capital budgets.
Sponsors: Parks and Recreation Department
Attachments: 1. 22-1997--Agenda Memo--Foresight Golf Lease for Lozano Golf Course (ACM Reviewed), 2. Ordinance - Foresight Addendum 2nd Amendment, 3. 2nd Amended and Restated Foresight Addendum - Redline, 4. 22018 - Gabe Lozano Golf Course Adopted CIP Page, 5. 22018 - Gabe Lozano Golf Course Amended CIP Page, 6. 22-1997 -Presentation Executive Course and Practice Range Project Update 12-20-22

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Ordinance authorizing the Second Amended and Restated Addendum No. 1 to Lease Agreement with Foresight Corpus Christi Golf, L.L.C. a Texas Limited Liability Company, which provides for $412,000.00 from the Golf Fund and $1,160,000 from the anticipated Certificates of Obligation for increased construction costs for improvements to the Lozano Golf Center Executive Nine Hole Course and practice range; appropriating $412,000 from the Golf Fund; and amending the operating and capital budgets.