Title
Consider/Discuss/Act on a Resolution Authorizing a Third Amendment to the Professional Full Tennis Services Management Agreement with Lifetime Tennis Inc., d/b/a Impact Activities, a Texas Corporation
Summary
COUNCIL GOAL: Enhance the Quality of Life in McKinney
5A: Create affordable recreational and cultural arts activities for all ages throughout the city
5C: Continue to market and highlight McKinney as a unique destination for residents and visitors alike
5E: Develop sustainable quality of life improvements within the City of McKinney
5F: Maximize partnerships between the City of McKinney and private industry
MEETING DATE: April 19, 2022
DEPARTMENT: Parks & Recreation
CONTACT: Michael Kowski, Director of Parks & Recreation
RECOMMENDED CITY COUNCIL ACTION:
* Approval of the Resolution
ITEM SUMMARY:
* This item allows the City Manager to execute a third amendment to the tennis services management agreement.
* The existing agreement was originally executed in 2012, and two amendments were approved by City Council thereafter.
* The second amendment extended the agreement to February 2, 2022 with a five-year renewal option extending the agreement to February 2, 2027.
* Approval of a third amendment to the agreement is proposed which will allow the City Manager to extend the contract to Feb 2, 2037, with one additional five-year extension.
* This amendment further modifies the operating payments and requires a cash contribution by Impact Activities for the City's use in delivering the forthcoming indoor tennis facility and other capital improvement projects.
BACKGROUND INFORMATION:
* The indoor tennis facility is currently under construction at the Courts of McKinney with an anticipated completion date on or before November 1, 2022. The facility will deliver six new courts, fitness and training areas, locker rooms, and a mezzanine viewing area.
* The project was funded within the FY20-24 Capital Improvements Program and received a Texa...
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