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03/01/1974MINUTES ADJOURNED MEETING OF THE CITY COUNCIL CITY OF SAN LUIS OBISPO, CALIFORNIA March I, 1974 - 12:15 P.M. City Hall Pledge Roll Call Present: John C. Brown, T. Keith Gurnee, Myron Graham and Mayor Schwartz Absent: Jesse Norris City Staff Present: J. H. Fitzpatrick, A. J. Shaw, Jr., David Williamson, William Flory. -------------------------------------------------------------- - - - - -- I. A. J. Shaw, Jr., City Attorney, reviewed for the City Council, the proposed lease between the City and Rockwell Federal Credit Union for the golf pro shop, snack bar, and golf course commonly known as-Laguna, Lake Golf Course located on Los Osos Road in the City of San Luis Obispo. Total rent for the period March I - August 31, 1974 to be $5,000.00 with $833.33 payable on the first day of each month. The City Attorney explained that the first 13 conditions of the lease were usual conditions, but that item 14 was added which reads: 14) "Upon termination of the lease, the lessee ' shall deliver back to the lessor, all furniture, fixtures and equipment listed herein in good condition and repair, reasonable wear and tear excepted.' 15) Lessee shall not change the contour of the demised land nor dig any drainage ditches or canals upon said land without first obtaining the written consent of lessor thereto. 16) Lessee is hereby given an option to purchase the demised premises and all furniture, fixtures and equipment thereon-for the sum $260,000.00 cash. Said option may be exercised anytime prior to August 31, 1974, by written notice to lessor sent by certified mail, plus deposit of the sum of $10,000.00 in an escrow at any bank or title company in San Luis Obispo with usual escrow provisions. The balance of the purchase price shall be payable upon close of escrow. Said escrow shall close not more than 60 days after it has opened. 17) It is understood that lessor is in the process of obtaining good title to the furniture, fixtures and equipment in accordance with the Bulk Sales Law (U.C.C. 6101 -7) and that the actual transfer of such title to lessor shall take place on March II, 1974, if no substantial claims.of credit are received." Added to the lease is an inventory of equipment, fixtures and sup- plies of the Laguna Lake Golf Course and Pro Shop. City Council Minutes March I, 1974 Page 2 Mr. Shaw also presented a report prepared by Richard D. Miller, Administrative Officer, projecting fiscal effects of golf course operation by the City. Some of the figures for the operation estimated an average increase of about 30% activity, and with good City operation and consequent public acceptance, golf course experts feel that it may be possible to increase by 100 %. The Administrative Officer submitted a projected golf course budget for estimated revenue and expenditures for the period March I to August 31, 1974 and -.then a projected operational budget for September - I, 1974 to August 31, 1975. On motion of Gurnee, seconded by Graham, the following resolution was introduced: RESOLUTION NO. 2568 (1974 Series) A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN LUIS OBISPO APPROVING A SIX MONTHS LEASE OF LAGUNA LAKE GOLF COURSE WITH AN OPTION TO PURCHASE AND AUTHORIZING THE MAYOR, TO EXECUTE SAID LEASE. Passed and adopted on the following roll call vote: AYES: T. Keith Gurnee, Myron Graham, John C. Brown and Mayor Schwartz. NOES: None ABSENT: Jesse Norris On motion of Gurnee, seconded by Graham, the City was authorized to purchase all stock in trade in the Pro shop and snack bar including the golf clubs and equipment for $499.00. Motion carried, Councilman Norris absent. Mayor Schwartz thanked the representatives from Rockwell Federal Credit Union for their cooperation in arranging the lease. 2. David Williamson, Assistant Administrative Officer, reviewed very briefly some of the proposals submitted by the Planning Consultants who had been asked to submit proposals for an update of the City's General Plan. He explained some of the criteria that he had established in asking for proposals, and stated that written report would follow on each individual proposal with recommendations by the City Staff. 3. On motion of Graham, seconded by Brown, the meeting adjourned. APPROVED: May 20, 1974 �J. itzpatrick, City Clerk