Title
Final Passage of Ordinance Approving a 15-Year Lease Amendment with an Option for a 10-Year Extension Between the City of Alameda and Greenway Golf Associates, Inc., for Premises Located at the Chuck Corica Golf Complex. [Requires four affirmative votes] (Recreation and Parks 280)
Body
CITY OF ALAMEDA ORDINANCE NO. ______
New Series
APPROVING A FIRST AMENDMENT TO LEASE WITH GREENWAY GOLF ASSOCIATES, INC., A CALIFORNIA CORPORATION, FOR CHUCK CORICA GOLF COMPLEX
WHEREAS, the City is owner of the real property commonly known as the Chuck Corica Gold Complex ("Golf Complex") located at 1 Clubhouse Memorial Road, Alameda, California 94502; and
WHEREAS, after an extensive RFP process, the City entered into a 20-year lease agreement with Greenway Golf Associates, Inc. ("Greenway") to operate and maintain the Golf Complex, which lease was dated as of August 1, 2012 (the "Lease"); and
WHEREAS, as required by the Lease, Greeway has successfully renovated the Mif Albright 9-Hole Par 3 Course and Driving Range and has nearly completed construction of the South Course, for which it invested $5.5 million and the City invested $1. Million; and
WHEREAS, after having operated and maintained the Golf Complex for over five years, Greenway has concluded that certain drainage and other infrastructure problems at the North Course will not be appropriately mitigated by the improvements required by the existing Lease; and
WHEREAS, Greenway has proposed a lease amendment in order to properly address the North Course infrastructure needs, as well as improvements to the clubhouse, golf shop and outdoor patio space; and
WHEREAS, to facilitate said improvements, the City desires to amend the Lease to extend the term from twenty (20) years to forty (40) years with one ten-year option to extend and expand Greenway's renovation obligations to include course drainage and contouring, improvement of golf cour...
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