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Res 190-92 12/15/1992RESOLUTION NO. /9-0- RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE GOLF COURSE CONTRACT AMENDMENT NUMBER SEVEN WITH RECREATIONAL SERVICES LIMITED FOR MANAGEMENT OF THE WEEKS PARK MUNICIPAL GOLF COURSE WHEREAS, the City and RSL entered into a temporary arbitration agreement for operation of the Weeks Park Municipal Golf Course concerning fees, payments to the City, and utilities, and WHEREAS, the agreement was necessitated due to losses at the golf course due to lower than anticipated play, and WHEREAS, the arbitration agreement expires December 31, 1992, and WHEREAS, RSL and the City desire to modify the contract to reinstate a portion of the lease payment to the City; and WHEREAS, RSL requested certain fee increases to offset the cost of the lease payment; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: The City Manager is hereby authorized to execute Amendment Number Seven to the Golf Course Management Contract with RSL. A copy of this amendment is attached hereto and hereby made a part of this resolution. PASSED AND APPROVED this the 15thday f Decem• -r, 19• Adg M A Y • ATTEST: Cit. Clerk GOLF COURSE MANAGEMENT CONTRACT AMENDMENT NUMBER SEVEN NOW, Therefore, in consideration of the premises and at the request of both parties and in consideration of their desire to make changes to the original contract, as amended, the contract between them is hereby modified as follows: Sections Thirteen and Twenty-Eight of the original contract, as amended, are modified and hereinafter shall provide in their entirety as follows: Section Thirteen. Fees Because the golf course is a public facility, all merchandise sold and services offered to customers at the premises shall be competitively priced. The following fees are authorized at Weeks Park effective January 1, 1993 : Weekday Green Fee 8.25 Weekend and Holiday Green Fee 10.25 Weekday (Junior/Senior) Green Fee 5.25 Weekday Twilight Green Fee 6.75 Weekend Twilight Green Fee 7.75 Ladies (Tuesdays Only) Green Fee 5.25 Weekday Senior Annual Membership (62 and Over) 325. 00 Individual or Family Membership Weekday and Weekend) Individual Annual Membership 455. 00 Spouse 150. 00 Each Dependent 90.00 Junior Summer Membership Age 17 and Under Weekday Only May 1 - Aug 31)110.00 18 Hole Cart Fee 15.00 9 Hole Cart Fee 8. 00 It is hereby agreed by both parties that green fees shall not exceed the rates established above. However, RSL shall have the option to accept installment payments for the annual membership passes and charge a reasonable administration fee for that service. It is further agreed that the annual membership fees shall be prorated in accordance with the number of months remaining in the membership year at the time of payment, except that any passes purchased during the first four months of the membership year shall be assessed at the full membership rate. RSL shall annually have the right to file a request for any increase in fees with the City. In order to assist the City in evaluating proposed fees, RSL shall submit, along with their fee request, comparison fee information on no less than ten similar municipal courses in the State of Texas. Courses to be used must be approved in advance by the City. City shall have the right to approve the proposed increases in whole or in part and to negotiate a fee structure with RSL which may result in lower than requested increases. In case of disagreement between City and RSL regarding fees, such disagreement shall be submitted for arbitration. City shall select one member of the arbitration panel, RSL one, and these members shall select a third member acceptable to both parties. Decisions of the arbitration panel shall be final. Should City not act on recommended fee increases within forty-five (45) days of their submission by RSL, RSL may request that an arbitration panel be established. Section Twenty-Eight. Payments to City RSL shall pay to the City the following minimum guaranteed annual payments, or a percentage of Gross Revenues, whichever is greater: MINIMUM PERCENTAGE OF YEARS (MONTHS) OF CONTRACT ANNUAL PAYMENT GROSS REVENUES 01-08-86 through 07-31-86 0 0% 08-01-86 through 10-31-86 4, 000/month 0% 11-01-86 through 04-30-89 1, 000/month 0% 05-01-89 through 10-31-90 50, 000 9% 11-01-90 through 02-28-91 50, 000 10% 03-01-91 through 12-31-92 0 0% Beginning January 1, 1993 until the end of the original ten year contract term, the minimum guaranteed annual payment to the City shall be 5% of annual green fee revenue. In lieu of the minimum annual payment, the City has the option to require RSL to make capital improvements to the course in addition to those improvements required in another section of this contract. In no event shall RSL be required by the City to expend more than 10% of annual green fee revenue on capital improvements in any one contract year. The City shall inform RSL of its desire to accept capital improvements in lieu of the minimum annual payment during the annual review of the capital improvement program. Minimum annual payments shall be made to the City in quarterly installments in the amount of 5% of annual green fees received during each quarter. Payments shall be made to: Director of Finance City of Wichita Falls Memorial Auditorium 1300 Seventh Street P. O. Box 1431 Wichita Falls, TX 76307 Also, one copy of each payment shall be sent to the Assistant City Manager at the same mailing address. All payments are due and payable on the 20th day of the month following each payment period. RSL agrees that all payments shall be paid in full within 20 days after they are due. Thereafter, payments shall be considered late. Late payments will include a two percent (2%) penalty on the full amount overdue. RSL also agrees that payments received after thirty 30) days of due date shall include a two percent (2%) penalty plus interest calculated from the 20th day when payment was due at the same rate as quoted in the Wall Street Journal at prime rate plus 2%. " This modification shall become effective as of the date it is signed by both parties. IN WITNESS WHEREOF, the parties hereto have caused this modification to be signed this day of December, 1992 . CITY OF WICHITA FALLS By: James Berzina, City Manager ATTEST: City Clerk RECREATIONAL SERVICES, LTD. By: Title: ATTEST: Title: APPROVED AS TO FORM: City Attorney