HomeMy WebLinkAboutRES 06-120 RESOLUTION NO. 06-120
WHEREAS, by Resolution No. 98-261 dated September 22, 1998, City Council
approved the existing Management and Concession Agreement with the Beaumont Yacht
Club for its continued operation of the City*s public arena; and
WHEREAS,said agreement established monthly installments of$11,200 per month
over a 15-year term to be paid by the Beaumont Yacht Club to the City of Beaumont; and
WHEREAS, the Beaumont Yacht Club made timely payments to the City of
Beaumont until September, 2005, when Hurricane Rita caused extensive damage to the
marina resulting in a considerable loss of income by the Beaumont Yacht Club resulting
in reduced capacity to make payments.
NOW, THEREFORE, BE IT RESOLVED
BY THE CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT the City Manager is hereby authorized to execute an amendment to the
Management and Concession Agreement with the Beaumont Yacht Club reducing its
monthly installments to$7,500 per month effective January 1,2006 through June 30,2015.
BE IT FURTHER RESOLVED THAT this action will bring the Beaumont Yacht Club
current in its payments and that credit against the monthly installment will be directed to
cleanup expenses incurred by the Beaumont Yacht Club.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the 25th day of April,
2006. _
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Mayor Guy N. Goodson -
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