The Houston Parks and Recreation Department (HPARD) requests City Council approve the Sixth Amended and Restated Hermann Park Golf Course Concession Agreement between the City of Houston and BSL Golf Corp. (BSL) to extend the contract term for one year.
The purpose of the Sixth Amendment to the Agreement is to extend the contract term from November 30, 2022, to November 30, 2023. During the extended period, BSL agrees to pay the City the consideration for the extension: a minimum guaranteed amount of $200,000.00 or 9.00% of gross receipts for green fees, cart fees, and driving range revenue, as well as 5.00% of all other revenue including food and beverage and merchandise. The concession revenue will be collected in the Parks Golf Special Fund (2104).
As further consideration for the extension of the Golf Course Concession Agreement, BSL agrees to release to the City an area next to the Golf Course Maintenance Yard for use by the City.
FISCAL NOTE: Revenue for this item is included in the FY2023 Adopted Budget. Therefore, no Fiscal Note is required as stated in the Financial Policies.
Director's Signature:
_______________________________
Kenneth Allen, Director
Houston Parks and Recreation Department