CITY OF EL PASO, TEXAS
LEGISTAR AGENDA ITEM SUMMARY FORM
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Details
District 3
Airport, Tony Nevarez, (915) 212-7301
Airport, Debbie Olivas, (915) 212-7337
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AGENDA LANGUAGE:
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Title
Discussion and action Resolution that the City Manager, or designee, be authorized to sign a Golf Course Operation and Concession Agreement between the City of El Paso and EP GOLFCO, LLC., to allow a private concessionaire to run the golf course for public use, to provide the successful operation, improved efficiency, and greatest benefit to the citizens of the City of El Paso, located at the premises numerically known as 1510 Hawkins Boulevard, El Paso, Texas 79925 and more particularly described as:
A portion of Morehouse Survey No. 12 and a portion of Section 40, Block 80 TSP 2 T&P Survey, City of El Paso, El Paso County, Texas, and municipally known as Lone Star Golf Club (f/k/a/ Cielo Vista Golf Course).
The term of this Golf Course Operation and Concession Agreement is an initial term of thirty (30) years and two (2) ten-year option to extend the term of the agreement. During the term of this Agreement, the Concessionaire shall pay to the Airport rent in an amount equal to the greater of the Minimum Annual Guarantee (MAG) or the Percentage Rent calculated on the Concessionaire’s gross receipts. Minimum Annual Guarantee (MAG) for the initial term will be $166,969.08 for the first year, and $191,000.00 for the subsequent year(s) of the term.
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