11.06.19 Regular Meeting - Laserfiche WebLink

Home Browse Search

City Council Meeting Minutes November 6, 2019 Mayor Pro Tem Prewitt to amend the Commercial Lease Agreement Section 9. Advertising of the Commercial Lease Agreement by striking the entire section A and replacing it with the following text: "On or before 30 days after the Effective date, Tenant shall solicit proposals from persons and entities to offer compensation for the privilege of naming the Outdoor Premises ("Outdoor Premises Name") to be presented to the Landlord for approval. The Landlord, in its sole discretion, shall have final approval over any such naming privileges, and any associated terms and conditions. The parties shall endeavor to agree to the Outdoor Premises Name on or before 180 days after the Commencement Date. If such approved naming privileges expire before the end of the Term of this Lease, Tenant shall, at least 90 days before such expiration, solicit new proposals for approval by the Landlord as provided above. Tenant shall make an annual payment to the Landlord equal to 20.00% of the annual revenue received by Tenant through the sale of the Outdoor Premises Name." The motion to amend carried by the following vote: For: 7 - Mayor Pro Tem Prewitt, Council Member Gonzales, Council Member Derrick, Mayor Hughson, Council Member Mihalkanin, Council Member Marquez and Council Member Rockeymoore Against: 0 MOTION TO AMEND: a motion was made by Mayor Hughson, seconded by Council Member Mihalkanin, to amend the Commercial Lease Agreement by adding an additional Section 12 SCHEDULING, FEES AND CITY SPONSORED USE Item G. This will read as follows: G. Tenant shall maintain a complete set of books and records in connection with all events booked for use of the Outdoor Premises. Upon termination of this Lease for any reason, Tenant shall provide to the Landlord copies of all such books and records related to events scheduled to occur after the date of termination of this Lease. Such books and records shall include: i) names and contact information sufficient to enable the Landlord to contact and communicate with the persons or entities that booked the events; ii) information regarding the nature of each event and any known staffing and resources required to host each such event to enable the Landlord to reasonably prepare for and honor the booking for the event, if possible; and iii) an accounting of all deposits received and fees yet to be collected for such events. The motion to amend carried by the following vote: City of San Marcos Page 12