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Approve a License Agreement with Match Point Tennis Academy, LLC. <br />December 17, 2019 <br />Page 2 <br />Academy, LLC has provided professionally reputable programs recognized for its success in player <br />development. Academy students are now playing professionally while continuing to elevate their <br />game at this facility. Through its management of the tennis center, Match Point Tennis Academy, <br />LLC has established a welcoming environment for all to learn and develop their skills while <br />remaining active. The personal and financial investment provided by Match Point proprietor and <br />staff are a testament to their commitment to serve the Santa Ana community and to those who <br />travel to learn and play here. <br />The salient terms of the agreement are as follows: 1 5-year agreement <br />Two clay tennis courts completed before the end 2020 (Exhibit 2) and a center court in Year <br />four <br />Install fence around the club, change lighting to LED for entire complex, and install two new <br />air conditioning units <br />Provide ten (10) tennis scholarships to qualifying youth residents of the City of Santa Ana to <br />participate in the Player Development Tennis Academy <br />Charges for use of the courts shall include discounts for Santa Ana residents <br />No license fee the first four years of agreement <br />$2,000 per month for years five through ten <br />$2,000 per month for years 11 through 15 with profit sharing - 10 percent of net profits <br />Approval of this agreement will be a benefit to the City (reduction in City expenditures, revenue <br />generation, and site improvements), to the public (scholarships, new courts, and other facility <br />improvements) and to the operator (opportunity to expand services to additional people). <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Strategic Plan Goal #5 — Community Health, <br />Livability, Engagement & Sustainability, Objective #6 (Focus projects and programs on improving <br />the health and wellness of all residents). <br />FISCAL IMPACT <br />There is no direct fiscal impact to the City for years 1-4 of the agreement. The City will have savings <br />throughout the term of the agreement from the reduction in maintenance costs, which will become <br />part of the cost of operations to Match Point Tennis Academy, LLC. <br />Fiscal <br />Year <br />Accounting <br />Unit -Account # <br />Fund Description <br />Accounting Unit, <br />Account Description <br />Amount <br />Starting in <br />01113002-53318 <br />General Fund <br />PRCSA-Revenues, <br />$2,000/month <br />January of <br />Tennis Reservations <br />FY 23-24 <br />Starting in <br />01113002-53318 <br />General Fund <br />PRCSA-Revenues, <br />$2,000/month + <br />January of <br />Tennis Reservations <br />10% Net Profits <br />FY 29-30 <br />25F-2 <br />