Res 1978-006 - Laserfiche WebLink

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18a STATE OF TEXAS SUBLEASE CONTRACT COUNTY OF HAYS KNOvJ ALL MEN BY THESE PRESENTS: That on this/{Ii day Of~, A.D. 1978, the City of San Marcos, a municip~l corporation, existing by and under the Law~; of the State of Texas hereinafter referred to as "City", acting by and through its Mayor, Mr. Frank T. Arredondo, or his duly authorized successor, and the San Marcos Golf Association, hereinafter referred to as "Association~, entered into this agreement, the terms and consideration for which being more particularly described as follows: I. "City" agrees to sublease to "Association" that nine hole golf course situated adjacent to the amusement enterprise known as Aquarena, and adjacent to Aquarena Springs Motor Hotel, said golf course being more fully described in that lease agreement executed ori~ /~,/'i~8 , between the "City" and Aquarena, Incorporated, said agreement being attached hereto and made a part of this sublease contract. II. The term of this sublease contract is for the calendar year 1978, commencing January 1, 1978, and terminating December 31, 1978. III. "Association" agrees to pay the "CIty" an annual rental of $ 2,964.25 at the earliest possible time. IV. "Association" further agrees to operate said golf course solely, as a municipal golf course, making same available to the public, with said "Association" retaining the authority during the term of this lease to make an arrangement with a professional golfer for operation of such concession on said premises. The profits, if any, realized by such professional golfer from the operation of such concession shall be and remain the sole property of said golfer. V. Golf Course operated by "Association" in accordance with this sublease contract will not be used for any other purpose than a municipal golf course. VI. "Association" shall have the right to make improvements, additions and repairs to said golf course and the building thereon used for club rooms and golf shop, but any and all such improvements, addi- tions and repairs shall be deemed permanent fixtures and a part of the realty owned by Aquarena, Inc. VII. "Association" agrees to plow back into the real property by way of improvements thereto or into personal property by way of golf course equipment for betterment of the golf course, all excess of its income over actual operational expense. I I I