pages: CityCouncil/2012-07-24.pdf, 9
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CityCouncil | 2012-07-24 | 9 | Councilmember Johnson inquired whether the provision would limit or cap Greenway's maintenance and capital improvement spending. The City Manager responded Greenway's obligations outlined in the Exhibits would not be paid out of the capital improvement funds; stated Greenway would contribute to the capital improvement fund every year after renovations are complete so there would a pot of money; money would be put aside upfront so money to fix things would be available in the future. The Assistant City Manager stated there are two funds; one is a tenant improvement fund for Greenway's $1 million; Greenway has already deposited $250,000 and would deposit $750,000 more; the City would also put in $1 million for big ticket items and renovations; Greenway would put in about $5 million in additional funds for a total of about $6.7 million. Councilmember Johnson inquired whether the standards for maintaining the Golf Course would require Greenway to come up with money to meet the maintenance standards even if the maintenance and capital improvement fund is insufficient. The City Manager responded Greenway has to maintain the Course; stated maintenance expenses would not be paid out of the capital improvement fund. Councilmember Johnson inquired whether the standards would be high enough to require Greenway to put in extra money to complete necessary improvements. Mr. Sams responded 3% is typical in the industry; stated funds would be sufficient to meet standards; a decision would have to be made about funding if something unpredicted occurs; Greenway would be contributing about $150,000 into the fund. Councilmember Johnson stated there should not be any question about funding; funds should come from the operator; the City should not be liable. The City Attorney read the Lease provision clarifying that the tenant [Greenway] shall at its sole cost, maintain the premises in good order and condition after Phase 1 and 2. Councilmember Johnson inquired whether the tenant would have to come up with the money, to which the City Attorney responded in the affirmative. Mayor Gilmore stated the City can terminate the Contract after four years if Greenway has not resolved drainage and irrigation issues to the satisfaction of the City; inquired how "satisfaction of the City" would be defined and about the thought process behind the requirement. Mr. Sams responded Greenway proposes to have wall to wall cart paths on both courses; stated no golf course would drain properly in the event of 100 year rain; typical Regular Meeting Alameda City Council 9 July 24, 2012 | CityCouncil/2012-07-24.pdf |