Label
DPYS 2022 Ottawa Park Ice Rink Lease
Amendment - Council Members Sarantou and Hobbs
Title
Authorizing the Mayor to enter into a lease agreement with Sylvania Tam-O-Shanter Sports Inc. ("STOSS") for the purpose of the continued operation and maintenance of the Ottawa Park Ice Rink for public use; waiving the competitive bidding and 30-day notice requirement of Toledo Municipal Code Section 187.19; authorizing the acceptance and deposit of lease proceeds into the General Fund; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
This legislation authorizes the Mayor to enter into a new lease for an initial term of five (5) years with five (5) renewals for five (5) years each, subject to City Council approval, at an annual rent of $5.00 per year. Operating expenses are to be paid by STOSS.
STOSS shall pay to the City, without invoice and by January 31st of each year, fifty percent (50%) of all Net Revenue for the previous calendar year but not to exceed the fair market leasehold value of the Ottawa Park Ice Rink.
Both the City and STOSS agree to meet annually to discuss long-term maintenance issues and approve a schedule of capital improvements to the Premises. STOSS agrees to direct, manage and pay for improvements based upon the agreed upon schedule. Any costs associated with long-term maintenance and capital improvements born by STOSS will be deducted from any rent payments made to the City. The City in turn agrees to pursue the mutually agreed upon schedule of capital improvements to the premises subject to City Council approval.
STOSS shall have the right to use the Premises for the purpose of operating a public ice rink, which includes all activities related to or in furtherance of the operation of same including but not limited to public recreational and instructional ice and figure skating, ice hockey, roller hockey, related equipment rentals, and food and beverage concessions. No assignments or sublease rentals will be permitted without...
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