TO: Mayor and Members of City Council
THRU: Douglas J. Hewett, City Manager ICMA-CM
FROM: Kristoff Bauer, Dep. City Manager ICMA-CM
DATE: January 6, 2019
RE:
Title
Amendment to Use and Operating Agreement with Fayetteville Baseball Club Regarding the Capital Repair, Maintenance and Improvements Schedule (Exhibit E) and Request to Authorize Expenditures from the Capital Repair, Maintenance and Improvements Account
end
COUNCIL DISTRICT(S):
Council District(s)
District 2
b
Relationship To Strategic Plan:
Type here
Executive Summary:
The Use and Operating Agreement ("Agreement") references a Capital Repair, Maintenance and Improvements Schedule (Exhibit E) ("Schedule") that is to guide expenditures from the Capital Repair, Maintenance and Improvements Account ("Account") over the term of that Agreement. The Schedule, however, was not developed at the time that the Agreement was executed and is currently blank in the official copy of the Agreement. Council action is needed to authorize amending the Agreement to add a completed and agreed Schedule to the Agreement. Further, the Woodpeckers have requested and the Board of Advisors have recommended specific expenditures from the Account which the Council must consider and authorize should they deem appropriate to do so.
Background:
The City executed the Agreement with Fayetteville Baseball Club ("Operator"), a subsidiary of Houston Baseball Partners, in December of 2016 (Attached). The stadium had not even been designed at that time. The Agreement sets up a mechanism to identify and fund capital improvements to the stadium over the life of the Agreement. The foundation is a Schedule of potential capital repair and maintenance items referenced in the Agreement as Exhibit E. It was impossible to complete this schedule without the final design of the stadium and it is, therefore, blank.
The Agreement also set up a funding mechanism to support Capital Repair, Maintenance and Improvements (...
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