Agenda Item Wording:
title
Second reading and adoption of Ordinance 2023-09 approving Amendment #1 to the 2018 Lease Agreement with CourseCo, Inc.
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Deadline for Action: None
Submitting Department: Administration
Contact Name and Phone Number:
Aaron Hensley, General Manager CourseCo, Inc., ahensley@playvalleyoaks.com
Michael Sharp, President and CEO CourseCo, Inc., Msharp@CourseCo.com
Nick Mascia, Assistant City Manager, Nick.Mascia@Visalia.City, (559) 713-4323
Department Recommendation:
Staff recommends that City Council conduct the second reading and adoption of Ordinance 2023-09 approving Amendment #1 to the 2018 Lease Agreement with CourseCo, Inc.
Summary:
On September 18th, City Council received a presentation on capital projects that are anticipated at the Visalia Oaks Golf Course (VOGC). Following the presentation, City Council heard the first reading of Ordinance 2023-09 approving Amendment #1 to the 2018 Lease Agreement with CourseCo, Inc. Staff is returning with the second reading and adoption of Ordinance 2023-09.
Background Discussion:
The City of Visalia contracted with CourseCo, Inc. (CourseCo) beginning in 2000 for the operation and maintenance of the 27-hole Valley Oaks Golf Course, driving range, club house, restaurant, parking and related facilities generally located in the southeast quadrant of the Plaza and State Route 198 interchange. The land where the Valley Oaks Golf Course sits is within an Airport Safety Zone which requires additional language within the lease for Federal Aviation Administration (FAA) requirements to be included within the agreement (Exhibit 1). In addition, numerous parcels which make up the Valley Oaks Golf Course are owned outright by the Visalia Airport. This is depicted in Exhibit 2 of this staff report.
In 2016, the City Council directed staff to change to a lease format and the existing lease agreement commenced on February 1, 2018, for a term of 20 years. It is currently in the sixth year of the ...
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