Loading...
HomeMy WebLinkAbout1998-11-23 City Council (11)City of Palo Alto 7 TO:HONORABLE CITY COUNCIL FROM:CITY MANAGER DEPARTMENT: ADMINISTRATIVE SERVICES DATE:NOVEMBER 23, 1998 CMR440:98 SUBJECT:APPROVAL OF AMENDMENT ONE TO THE MANAGEMENT AGREEMENT FOR GOLF PROFESSIONAL SERVICES, AND APPROVAL OF AMENDMENT ONE TO THE FACILITY LEASE AT 1875 EMBARCADERO ROAD TO BRAD LOZARES TO OPERATE A GOLF RETAIL SHOP; APPROVAL OF BUDGET AMENDMENT ORDINANCE TO INCREASE CITY EXPENDITURES BY $163,000 FOR IMPROVEMENTS TO CITY FACILITIES AND SYSTEMS ASSOCIATED WITH THE GOLF COURSE CLUBHOUSE REPORT IN BRIEF On March 16, 1998, Council approved a 20-month management agreement for golf course professional services and a 15-year facility lease to operate a golf retail establishment with Mr. Brad Lozares (CMR:140:98). One of the provisions of the lease is that the City would reimburse Mr. Lozares for 50 percent of the costs, up to $150,000, of the golf shop expansion over the term of the lease. This clause was added because both the City and the tenant will benefit from the anticipated future growth in sales resulting from the additional space, since the City receives rent from the tenant based on a percentage of golf shop gross retail sales. Since the time of the lease agreement with Mr. Lozares, the cost of the golf shop expansion improvements has increased, and the cost of improvements that are the City’s responsibility have grown. The City improvements are: roof repairs, Americans with Disabilities Act (ADA) retrofits to the restrooms and access ramp, structural piers, a new security system, a new sprinkler and fire alarm systems, and repairs to the breeze-way walkway. Council approval of the attached Budget Amendment Ordinance (BAO) is needed to fund these improvements, offset by one time debt service savings~ and to amend the lease and management agreements to allow for these changes. The amount of the BAO is a net return to reserves of $33,430. CMP,:440:98 .Page 1 of 7 RECOMMENDATION Staff recommends that Council: .1.Approve the attached Budget Amendment Ordinance (BAO) that would return a net of $33,430 to the General Fund Infrastructure Reserve by: a)Reimbursing Mr. Lozares for the costs of improvements to City facilities associated with the clubhouse remodel. This increase, totaling $163,000, will be offset by one time savings in golf course debt service payments, and will have no net impact on reserves; b)Moving $12,000 from the Financial Database Capital Improvement Project CIP (18614) to the operating budget to fund the City’s share of costs associated with a point-of-sale system at the golf course, with no net impact on reserves; c)Reducing funding for golf course debt service by $200,000; d)Reducing the monthly lease rental revenue by $3,570 for the remainder of this fiscal year. o Approve and authorize the Mayor to execute Amendment Number One to the Management Agreement with Brad Lozares for golf course professional services at the Palo Alto Municipal Golf Course. 1 Approve and authorize the Mayor to execute Amendment Number One to the Lease Agreement with Brad Lozares for lease of the facility at the Palo Alto Municipal Golf Course to operate a golf retail establishment. o Direct staffto enter into a short form agreement for an on-site City representative to oversee the construction of City-related improvements. BACKGROUND On March 16, 1998, Council approved a 20-month management agreement for golf course professional services and a 15-year facility lease to operate a golf retail establishment with Brad Lozares (CMR:140:98). One of the provisions of the lease was that the City would reimburse Mr. Lozares 50 percent of the costs, up to $150,000, for golf shop expansion improvements over the term of the lease. This provision was added because both the City and the tenant will benefit from the anticipated future growth in sales that can be expected CMR:440:98 Page 2 of 7 from the additional space, since the City receives rent from the tenant based on a percentage of golf shop gross retail sales. At the time of the lease, Council also directed staff to enter into an agreement to reimburse Mr. Lozares for the cost of using his architect to design various ADA retrofits on behalf of the City. This recommendation was made to expedite the improvements and to take advantage of the efficiencies of making use of the existing architect. These retrofits were to the restrooms, drinking fountain and exterior ramp of the City-owned golf course clubhouse. Staff reported that design fees would be reimbursed by using the existing CIP project # 19309, Americans with Disability Act Compliance. Preliminary estimates of the cost to construct the ADA retrofits at the time of the report were $100,000. Staff reported that it would return to Council after the design was completed, with a more precise estimate of construction costs and a contract with Mr. Lozares to reimburse him for the construction of the ADA retrofits. DISCUSSION City review of the construction drawings during the permit process and inspections of the facility revealed the need for the City to make several other improvements in addition to the ADA requirements, at a cost over and above the $100,000 estimate mentioned above. Staff is recommending the lease be amended to provide for Mr. Lozares to construct improvements that are considered the City’s responsibility. Those facilities and systems, and related implementation costs include the following: . 3. 4. 5. Americans with Disabilities Act improvements for access ramp and restroom requirements Clubhouse roof replacement Installation ot" structural support piers Security system Upgrade and improvement of the fire alarm system and installation of a fire sprinkler system Replacement of the concrete breeze-way On-site construction manager. Most of the additional improvements identified can be funded from existing CIP budget appropriations. Mr. Lozares would be reimbursed as work is completed and documented proof of the actual costs has been received by City staff. The use of Mr. Lozares’ contractor will expedite the entire process and provide a smoother transition for the golf community. ADA requirements: The remodeling work has triggered additional exterior work to comply with ADA requirements. Specifically, the public drinking fountains, public rest rooms, and clubhouse access ramp will need to be CMR:440:98 Page 3 of 7 retrofitted. Those improvements lie outside the tenant’s lease area and are the City’s responsibility. Staff proposes to use funds in CIP 19309 (Americans with Disabilities Act of 1990 Compliance) to reimburse Mr. Lozares for the- costs associated with ADA compliance. Cost to construct the ADA requirements is $190,000, which is .$90,000. higher than the estimate given to Council with the lease agreement. The main reason for the increase is a more precise estimate based on actual material and labor costs, as well as additional work to meet design and code requirements. Roof: The golf shop expansion will add additional roof area that will require the new roof to be blended with the existing roof. Funds were budgeted in CIP project 19514 (Facility Roof Replacement) to replace the entire Golf Course Clubhouse roof in fiscal year 1998-99. The tenant and staff agree that it would be expeditious to have one contractor replace the entire roof. The tenant will use his contractor and the City will reimburse the tenant from the CIP funds for its share of the roof project. The roof work will include installing skylights for each restroom and removing and repairing the solar system. Cost of the roof replacement and related items is $43,000. Additional improvements totaling $163,000 cannot be accommodated within existing budget appropriations. Staff recommends shifting funds from the current year golf course debt service budget, as there are one-time savings this year. Because the City re-financed the existing 1978 golf course bonds when it issued new Certificates of Participation in August of this year, it realized a one-time debt service savings as the regular September payment was covered- through the refinancing. A total of $200,000 in one-time savings will be realized this year. Staffreco .mmends using those one-time savings as shown below, returning the remainder to the General Fund Budget Stabilization Reserve. Structural Piers: The exterior walls of the golf shop are being expanded in the front and rear of the existing structure. Prior to construction£ the contractor was required to install 19 metal piers beneath the ground to support the walls. The piers were not included in the original estimate and are considered basic to the exterior support of the entire structure. Cost of the piers is $33,000. o Security System: The security system for the entire facility is provided by the City, and serviced monthly at tenant cost. The remodel of the golf shop will require the system to be updated and expanded. Staff would prefer that the City retain ownership to the system and the tenant continue the monthly maintenance. Cost of the security system is $33,000. CMR:440:98 Page 4 of 7 Sprinkler and Fire Alarm Systems: Current Fire Code requires the golf shop and the restrooms to be sprinklered. The cost of installing a new sprinkler system was not included in the original estimate. This system is considered integral to the safety and security of the entire facility and will also meet current Fire Code requirements. In addition, the existing fire alarm system has caused several false alarms during the past few years. Staff feels this is an excellent opportunity to update and expand the fire alarm system. Staffwould propose that the City retain ownership to both systems, the tenant pay any monthly maintenance fees. Cost associated with the new sprinkler system and upgrade of the fire alarm system are $55,000. Breeze-way walkway: The breeze-way walkway, located between the golf shop and the golf course restaurant, has worn to the point that it is now a safety hazard. Staff feels this is the opportune time to replace the existing concrete slab with a new concrete walkway, at a cost of $22,000. ¯ On-Site City Construction Manager: Staff is recommending an on-site City construction manager during construction to serve as the point of contact between the City and the contractors, to ensure that the construction is built in conformance with the construction drawings, to handle last minute changes and generally oversee construction of both the tenant and City improvements. The cost to provide an on-site manager is approximately $20,000. Unrelated tO the clubhouse improvements, the City’s Administrative Services Department budgeted funds for a cash receipting system for the Revenue Collections counter, Animal Shelter, and golf course. The Management Agreement with Mr. Lozares includes references to the City’s purchasing a cash receipting system. Since the time of the Agreement’s signing however, Mr. Lozares has found an integrated point’of-sale system that also contains a golf round reservation system and an inventory system that suits his business needs better than the City’s cash receipting system. His point-of-sale system satisfies City audit and reporting needs, for City revenues collected by Mr. Lozares at the golf course. Stafftherefore proposes reimbursing Mr. Lozares for the cost of the cash receipting system it would have purchased itself for the golf course. The cost of the City’s share of the system is half of the total cost, or $12,000. That is equivalent to what the City budgeted in CIP 18614, "Financial Database Upgrade" for a point-of-sale system at the golf course. In order to reimburse Mr. Lozares, the attached BAO requests Council approval to move funds from CIP 18614 to the Administrative Services operating budget. Amendment One to the Management Agreement with Mr. Lozares is also attached to this staff report. It modifies the language of-the provisions that deal with ownership of the point-of-sale system at the golf course. CMR:440:98 Page 5 of 7 Amendment One..to the Lease Agreement Amendment One to the lease increases the cost associated with the expansion and perrrfits Mr.. Lozares to construct and be reimbursed for the City improvements described above. Council approval is needed to increase the City share-of clubhouse expansion costs from $150,000 to $200,000 over the 15-year term of the lease. These costs, unlike the costs for City facilities and systems, are being shared between the City and Mr. Lozares. While Mr. Lozares will be the primary beneficiary from additional retail space, the City as well will realize two benefits. First, to the extent retail sales increases, the City will receive more lease revenue. Second, to the extent a more successful pro-shop generates more golfmg business, City green fee and driving range revenues should also increase. The City would reimburse Mr. Lozares for 50 percent of the construction costs for the expansion work, the total of which is now estimated to be $400,000. Although Mr. Lozares has worked with the architect and the contractor to modify plans and use less expensive materials, the total co~ts for the golf shop expansion have grown from an estimate of $300,000 to $400,000. The estimate for the shared cost has increased, due to additional work required to meet current Code requirements and a more precise estimate, based on actual material and construction costs. The City’s increase from $150,000 to $200,000 would be funded over the 15-year term of the lease in the form of an additional rental credit. That credit would reduce the amount of rental income by $1,190 per month, once construction is completed in approximately March 1999. For the remaining three months of fiscal year 1998-99, therefore, the City would forego $3,570 in lease revenue. The attached BAO reflects this revenue loss. Amendment One to Management Agreement Amendment One to the Management Agreement removes any reference from the Agreement of a City-furnished cash receipting system. RESOURCE IMPACT The attached BAO results in a net return to the General Fund Budget Stabilization Reserve of $33,430. This consists of one-time debt service savings of $200,000, less additional costs for clubhouse remodeling work of $163,000 and $3,570 in foregone lease revenue earnings. While this return to the General Fund is one-time in nature, there will be future year ongoing revenue losses to the General Fund of $14,280 per year for the next 15 years due to the reduction in the lease revenue. This future year cost is identified on Attachment B which summarizes the BAO’s approved to date in 1998-99 that impact the General Fund Budget Stabilization Reserve and estimates future year ongoing costs associated with BAO’s CMP,:440:98 Page 6 of 7 approved to date. This information is provided to project future resource needs from the General Fund for those programs approved after the adoption of the 1998-99 Budget. POLICY IMPLICATIONS This report is consistent with past Council action and Policy and Procedures 1-25, "Public/Private Partnerships." .This policy encourages the development of public/private partnerships to provide services, facilities or capital projects for the community’s benefit. ENVIRONMENTAL REVIEW Staff has determined that the golf shop remodel work is exempt from CEQA, pursuant to Sections 15301 (Existing Facilities) as it is considered a minor change to an existing project. ATTACHMENTS Attachment A - Budget Amendment Ordinance Attachment B - Budget Amendment Ordinances Impacting General Fund Reserves Approved To Date in 1998-99 Attachment C - Amendment No. 1 to the Management Agreement Attachment D - Amendment No. 1 to the Lease Agreement PREPARED BY:William W. Fellman, Manager, Real Property APPROVED BY: CITY MANAGER APPROVAL: CC:Brad Lozares C.ARL YE~ . Services ~ity Manager CMR:440:98 Page 7 of 7 ATTACHMENT A ORDINANCE NO. ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING THE BUDGET FOR THE FISCAL YEAR 1998-99 TO PROVIDE FUNDING FOR VARIOUS GOLF COURSE CLUBHOUSE AND RELATED IMPROVEMENTS OFFSET BY A REDUCTION IN DEBT SERVICE PAYMENTS RESULTING IN A RETURN TO THE GENERAL FUND RESERVES OF $33~430 WHEREAS, pursuant to the provisions of Section 12 of Article III of the Charter of the City of Palo Alto, the Council on June 22, 1998 did adopt a budget for fiscal year 1998-99; and WHEREAS, the City has a lease agreement with Brad Lozares for ~a golf pro shop at the golf course; and WHEREAS, in the current lease agreement, the City agreed to reimburse Mr. Lozares for up to half the costs incurred by him for the cost of constructive improvements to the pro shop; and WHEREAS, during the design phase for the clubhouse. expansion various structural and other related required improvements to the golf course clubhouse were identified, and which were not foreseen at the time the lease was .executed; and WHEREAS, these improvements are structural and/or to the exterior of the clubhouse, and are therefore the City’s responsibility to correct, as the owner of the clubhouse; and WHEREAS, both the City and Brad Lozares will benefit financially from an expanded clubhouse retail operation; and WHEREAS, the refinancing of the previous, outstanding golf course bonds will result in a one-time savings to the General Fund, which can be used to fund these improvements; and WHEREAS, in addition, the City has agreed to allow the golf professional to buy a cash receipting/point of sale and inventory system for his operations at the golfcourse that will also meet the City’s reporting and revenue monitoring needs for City revenues collected at the golf course (green fees, driving range revenue, and equipment rentals), and to share in the cost of such system; and WHEREAS, the City had already budgeted funds in the capital improvements budget to acquire a new cash receipting system at the golf course itself which can be used to fund the City’s share of the golf professional’s system; and WHEREAS, the return of $33,430 tO ~the City’s General Fund Budget Stabilization Reserve is oneUtime in nature, and future year ongoing revenue losses to the General Fund will be $14,280 per year for the next 15 years due to the reduction in the lease revenue; and WHEREAS, City payment for the additional structural improvements and the cash receipting system will require an amendment to the Adopted Fiscal Year 1998-99 Budget, as hereinafter set forth. NOW, THEREFORE, the Council of the City of Palo Alto does ORDAIN as follows: SECTION i. The sum of $200,000 is hereby reduced from General Fund transfers to the Debt Service Fund and the Debt Service Fund expenditures are reduced accordingly. SECTION 2. The sum of $163,000 is hereby appropriated to the ~Property Management" Functional Area in the Administrative Services Department Budget .and the Debt Service Fund is reduced accordingly. ~ SECTION 3. The sum of $12,000 is hereby appropriated to the ~Money Management" Functional Area in the Administrative Services Department Budget, and the appropriation for the ~Financial Data Base" Capital Improvement Project (number 18614) is correspondingly reduced to an unspent balance of $i08,408~ SECTIQN 4. The sum of $3,570 is hereby reduced from Rental Revenue from the Community Services Department operating budget. SECTION 5. The transactions approved in Sections 1-4 will result in a netaddition to the Budget Stabilization Reserve of $33,430. .$ECTION 6. As specified in Section 2.28.080(a) of the Palo Alto Municipal Code, a two-thirds vote of the City Council is required to adopt this ordinance. SECTIQN 7. The City Council approved a Mitigated Negative Declaration for the golf course improvement project itself in May 1995 (CMR:248:95). The Mitigated Negative Declaration’ determined that any potential impacts can be mitigated to levels of less than significance and will be incorporated into the design of the project. SECTION......8. As provided in Section 2.04.350 of the Palo Alto Municipal Code, this ordinance shall become effective upon adoption. INTRODUCED AND PASSED: AYES: NOES: ABSTENTIONS: ABSENT: ATTEST:APPROVED: City Clerk APPROVED AS TO FORM: Senior Asst. City Attorney Mayor City Manager Director of Administrative Services Attachment B Budget Amendment Ordinances Impacting General Fund Reserves Approved To Date in 1998-99 Estimated Beginning Budget Stablizafion Reserve (BSR) Balance $19,050,000 Reduction in Rental Income from Utilities Due to Relocation of Utilities Engineering and Creation of Capital Improvement Project 19921, Relocation / Consolidation of Level A Storage Increase in the City’s Annual Rental Payment to the Pal0 Alto Unified School District for Lease and Covenant Not to Develop for an Extended Day Care Center at the New Hoover School Site Salary and Benefit Increases Retroactive to May I, 1998 for Classified Personnel (SEIU) * Salary and Benefit Increase Retroactive to July 1, 1998 for Polic~ Personnel Addition of Five Full-Time Positions and Associated Resources to the Planning and Community Environment Department Interim Historic Inventory Consultant Interim Historic Regulations Administration Phase I - San Francisquito Creek Bank Stabilization and Revegitation Study Reclassification of CDBG Position to Senior Planner Position Acquire Leased Space and Cover Associated Support Costs for a One-Stop Development Center at 285 Hamilton Avenue Recruitment Assistance Formation of Library Advisory Commission Golf Course Clubhouse and Related Improvements Salary and Benefit Incieases Retroactive to July 1, 1998 for Management and Confidential Employees ($231,700)($231,700)($221,000) ($34,792)($34,792)($36,000) ($260,000)($260,000)($702,000) ($182,200)($182,200)($265,000) ($488,364)$300,000 ($188,364) ($437,400)($437,400) ($269,600)($269,600) ($112,500)($112,500) ($7,400)($7,400) ($507,000)($507,000) ($60,000)($60,000) ($22,500)($22,500) $33,430 $33,430 ($334,000)($334,000) ($410,743) ($370,000) ($14,280) ($624,900) BSR Balance After BAO’s $16,435,974 * The estimated increase for the SEIU agreement in 1999-2000 is the cumulative increase beyond the 1998-99 Adopted Budget. 11/17/98 ATTACHMENT C AMENDMENT NO. 1 TO THE MANAGEMENT AGREEMENT # 211 BETWEEN THE CITY OF PALO ALTO AND BRAD LOZARES FOR PROFESSIONAL SERVICES AT THE PALO ALTO MUNICIPAL GOLF COURSE THIS AMENDMENT to the Management Agreement between the City of Palo Alto and Brad Lozares, dated i, hereinafter referred to as "Agreement," is made and entered into this ~ day of~, 1998, by and between the City of Palo Alto, a municipal corporation, hereinafter referred to as "City" and Brad Lozares, hereinafter referred to as "Golf Professional;" RECITALS A.The lease requires Golf Professional to use the City’s cash receipting system. Golf Professional proposes to purchase a system that is specifically designed for golf shop sales but will still preform the functions required for City green and driving range fee collection and provide accurate record keeping to the City; and City agrees to allow Golf Professional to use its own system, and to amend the Agreement accordingly. NOW THEREFORE, in consideration of their mutual covenants and agreements, the parties hereto agree as follows: SECTION 1 SECTION V (RECORDS AND ACCOUNTS), paragraph A, subparagraph 4b is amended to read as follows: b)transmit daily revenue activity recorded on ~aPProved ~ cash receipting syst _1 .....:-.11.. to ":’-"- -^:-~---- m~ut City Hall; SECTION 2 SECTION V (RECORDS AND ACCOUNTS), paragraph B is amended to read as follows: B. Records. Golf Professional shall, at all times during the term of this Agreement, keep or cause to be kept tree and complete books, records, and accounts of all financial transactions conducted in the operation of all business activities, of whatever nature, conducted pursuant to the rights granted herein. The records, books and accounts shall be kept or made available to City at a location within Santa Clara or San Mateo County. The records must be supported by source documents such as cash register tapes, purchase invoices, or other pertinent documents. Except as may be otherwise provided by this Agreement, all charges shall be recorded by means of a cash register or recording device t~oe ~uppllcd by City which displays to the customer the amount of the transaction and automatically issues a receipt. The registers shall be equipped withdevices which lock in transaction records, or with counters which are not resettable and which record transaction numbers. Totals registered shall be read and recorded at the beginning and end of each day. SECTION 3 SECTION V (RECORDS AND ACCOUNTS), paragraph 8 page 8 and paragraph I page 9 are amended to read as follows: Golf Professional agrees to use a cash receipting system that is supplied by, or approved by the City, and to take appropriate steps to keep the system in good runnin~ der ": ............. ~ .... : ............. ~-- "~- ........ "~-^’~ ~. GoN Professio~ ~er a~ees to cooperate M~ Ci~ ~ ~g Ci~ approved erect c~d ~or debR e~d aceep~ee. GOLF PROFESSION~ ~ees to ~e appropriate ~d reportable, colony prae~eed steps to e~e ~t ~y pa~en~ made for se~ees by pe~onN e~eek or by cre~t or debit c~d ~e vNid ~d legi~ate. .SECTION 4 Except as herein modified, all other provisions of and exhibits to the Management Agreement shall remain in full force and effect. IN WITNESS WHEREOF, the parties hereto have executed this Amendment the day and year first above written. CITY OF PALO ALTO BRAD LOZARES Mayor Golf Professional ATTEST: City Clerk APPROVED AS TO FORM: ¯ Senior Assistant City Attorney APPROVED: City Manager Director of Administrative Services Director of Community Services ATTACHMENT D AMENDMENT NO. 1 TO LEASE # 211 BETWEEN THE CITY OF PALO ALTO AND BRAD LOZARES FOR THE PALO ALTO MUNICIPAL GOLF COURSE PRO-SHOP THIS AMENDMENT to the Lease between the City of Palo Alto and Brad Lozare~, dated ~, hereinafter referred to as "Lease," is made and entered into this ~ day of " ,1998, by and between the City of Palo Alto, a municipal corporation, hereinafter referred to as "City" and Brad Lozares, hereinafter referred to as "Tenant;" RECITALS Section XVII-A provides for the City to reimburse Tenant for up to one-half the cost of the construction for tenant improvements to the Pro-shop, not to exceed $150,000. City and Tenant agree that the cost of the improvements has increased due to code requirements and other engineering considerations. City and Tenant agree that the City’s share of the reimbursement should be increased to to an amount not exceed $200,000. Do City and Tenant agree to jointly fund the cost of a cash receipting system for Tenant’s operation at the Golf Course; and Eo City and Tenant desire to amend the Lease to provide for the increase in the reimbursement for tenant constructed improvements and for funding of a cash receipting system. NOW THEREFORE, in consideration of their mutual covenants and agreements, the parties hereto agree as follows: SECTION 1 SECTION VII (INVENTORY BUY OUT), the first paragraph, is amended to read as follows: Upon expiration or earlier termination, TENANT agrees to cooperate with any successor golf professional regarding sale of its remaining invemory, ~elu~g the ~ receipting ! CITY agrees to include a clause in any successor lease requiring the successor golf professional’s cooperation with TENANT. Should TENANT and any successor golf professional not agree on a sale and purchase of the remaining inventory and ~_eash re~ipting within 30 days of successor announcement of the selection of the golf professional, CITY and TENANT agree that CITY will purchase the remaining inventory and ~iptingsyste~om TENANT provided that: SECTION 2 SECTION VII (!NVENTORY BUY OUT), paragraph D, is added to read as ¯ follows: SECTION 3 Co .SECTION 4 Ao Cash Receipting System- City agrees to reimburse Tenant for its pro-rated share of tlae cost of the cash receipting system, should Tenant no longer provide services at the golf course. City and Tenant agree that .the value of the cash receipting system as of the date of this amendment is $24,000. City and Tenant agree to use a prorated straight line depreciation with a 10-year economic life expectancy for the cash receipting system in order to determine the amount of the Golf Professional half interest at the time of the inventory buy out. SECTION XVI (EQUIPMENT TO BE PROVIDED BY TENANT) subparagraph C deleted in its entiretyand replaced to read as follows: Tenant shall provide a cash register or related cash receipting system. City will pay as reimbursement to Tenant one-half the cost (not to exceed $12,000) of the cash receipting system. Reimbursement will be made within 30 days after the computer system has been installed and the Tenant has provided proo£of.actual costs. Tenant shall keep receipts for accepting payments for merchandise sales and.other incidental sales and golf course equipment rentals separate from golf round fees, driving range fees, and equipment rental receipts that are collected by the GOLF PROFESSIONAL under the Management Agreement ( See Section XIII RECORDS AND ACCOUNTS). SECTION XVII (CONSTRUCTION AND/OR ALTERATION BY Tenant), paragraph A is amended to read as follows: CAPITAL IMPROVEMENTS. On May 15, 1995 the Palo Alto City Council approved a master plan for the golf course. The master plan includes various proposed projects for remodeling and improving the Golf Course facilities that will better service the needs of the golfers. (Pro-shop expansion and additional cart storage.) Tenant may choose to participate in the Pro-Shop and the additional cart storage expansions by funding and constructing those improvements, with City’s written approval, under City supervision and in conformance with the City’s bid procedures. Once the project is completed and Tenant has provided documented proof of the actual costs, City agrees to reimburse Tenant for one- half the costs. Tenant’s reimbursement will be in the form of a no-interest rent credit rendered in equal monthly amounts over the remaining term of the Lease, commencing on the second full month after completion of the project. City’s share of the reimbursement shall not exceed $150,990 $200,000, and the project must be completed within the first five years of the initial lease term. Should the Lease be terminated as defined in paragraph XXVI, subparagraph B (Termination of Lease), City will reimburse Tenant for the outstanding balance of City’s share at time of termination. Notwithstanding any provisions of this clause, if Tenant 2 SECTION 5 wishes to make improvements that are not covered in the Master Plan and the City does not wish to participate, Tenant may, upon necessary .approvals from City, plan and implement capital improvements solely at its own cost. Tenant and City acknowledge that the expansion of the Pro-Shop will require certain facilities and systems to be installed, improved and remodeled to meet current code compliance and to be compatible with the Pro-Shop expansion. They include the Clubhouse roof replacement, requirements to meet current Americans with Disabilities Act, installation of structural support piers, upgrade and improvement of the current security system, replacement of the fire alarm system, installation of a fire sprinkler system, restroom repair and remodel and replacement of the breeze-way walkway. The cost to improve these City facilities and systems is estimated to be $400,000. Tenant and City agree that Tenant shall construct these City improvements and systems at the same time the Pro-Shop is remodeled and that City will reimburse Tenant for the full cost of such improvements, up to the amount of $400,000. Tenant will be reimbursed as work is completed and Tenant has provided documented proof of the actual costs. Tenant agrees to comply with all the other terms and conditions of this lease, pertaining to construction of the City improvements. Except as he.rein modified, all other provisions of and exhibits to the Lease shall remain in full force and effect. IN WITNESS WHEREOF, the parties hereto have executed this Amendment the day and year first above written. CITY OF PALO ALTO BRAD LOZARES Mayor ATTEST: City Clerk APPROVED AS TO FORM: Senior Assistant City Attorney APPROVED: City Manager Director of Administrative Services Director of Community Services 4