Title
Resolution authorizing the Mayor and the Directors of the Departments of Public Works, Office of Management and Budget, Finance, and Parks and Recreation to enter into a Lease Agreement with C R JRS CHIP, Inc. d/b/a The First Tee of Pittsburgh at the Bob O'Connor Golf Course at Schenley Park.
Body
WHEREAS, at the end of 2006, the City agreed to lease the Schenley Park Golf Course to TFTP for four years beginning on January 1, 2007, and another four years beginning on January 1, 2011; and
WHEREAS, the current lease agreement term ends on December 31, 2015, and both City and TFTP wish to continue a similar Agreement;
WHEREAS, the City has agreed to lease the Golf Course to TFTP for fifteen additional years with both parties providing financial contributions to provide necessary capital improvements, maintenance, construction and demolition funding; and
WHEREAS, specifically, the City has, contingent upon necessary annual appropriations, offered to contribute the following amounts to assist with the capital improvements of the Golf Course, which amounts TFTP will match in addition to providing all annual supplementary funding required to cover any capital, operational, and/or maintenance deficits:
Years 1-15 (2016-2030): an amount to be mutually determined by the parties during the Lease Term, but not to exceed $100,000 per year.
WHEREAS, TFTP and the City of Pittsburgh now wish to enter into a Lease Agreement to facilitate this purpose.
Be it resolved by the Council of the City of Pittsburgh of Pittsburgh as follows:
Section 1. The Mayor and the Directors of the Departments of Public Works, Office of Management and Budget, Finance, and Parks and Recreation are hereby authorized to enter into a Lease Agreement for the period of fifteen (15) years, 2016 through 2030, commencing January 1, 2016, for the Bob O'Connor Golf Course at Schenley Park. Pursuant to said Lease, the City will provide One Hundred Thousand Dollars ($100,000....
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