Laserfiche WebLink
Agreement for Management of Cabrillo Tennis Center <br />June 3, 2013 <br />Page 2 <br />The initial term of the operating agreement will be for five years, with four, five-year renewal options. <br />Match Point will pay the City a monthly base rental of $4,000, or $48,000 annually. This agreement <br />will help achieve salary savings and other operational cost savings. <br />FISCAL IMPACT <br />Funds generated from the agreement will be deposited into the General Fund-Tennis Reservation <br />account (no. 01113002 53318). <br />Approved as to Funds and Account: <br />LGLc?? <br />Gerardo Mouet, <br />Executive Director <br />Parks, Rec. and Com. Svcs. Agency <br />1 A ?? <br />Francisco Gutierrez, <br />Executive Director <br />Finance and Management Services Agency <br />25E-2