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4.5. SR 03-18-2019
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4.5. SR 03-18-2019
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PINEWOOD GOLF MANAGEMENT AGREEMENT <br /> THIS AGREEMENT effective January 1, 2019 by and between the City of Elk River, a <br /> Minnesota municipal corporation, at 13065 Orono Parkway, Elle River, Minnesota 55330 (hereinafter <br /> "City") and Elk River Country Club, Inc. a Minnesota corporation d/b/a Elk River Golf Club at <br /> 20015 Elk Lake Road, Elk River, Minnesota 55330 (hereinafter "Operator"). <br /> WHEREAS, the City has owned and operated Pinewood Golf Course at 18150 Waco Street <br /> NW, Elk River, Minnesota 55330 ("Golf Course" or"Pinewood"). Pinewood is a 9-hole executive <br /> course with a 1,700 square foot clubhouse and a pole barn maintenance building; and <br /> WHEREAS, the City has determined that the continued operation of the golf course would <br /> serve a public purpose and provide a benefit to the residents of the City; and <br /> WHEREAS, the Operator is engaged to manage the Golf Course; and <br /> WHEREAS, the Operator will retain all revenues from the Golf Course and pay all expenses <br /> relating to the operation of the Golf Course. <br /> NOW, THEREFORE, the City and the Operator, for the consideration of$1 per year payable <br /> April 1 each year do hereby mutually agree as follows: <br /> 1. Management. The City appoints the Operator as the manager of the Pinewood Golf <br /> Course (hereinafter "Golf Course") in accordance with the terms of this Agreement. This appointment <br /> is for the purpose of operating, managing and maintaining the Golf Course. The Golf Course shall be <br /> deemed to include the equipment listed on Exhibit A, which shall be maintained by the Operator in as <br /> good working condition as of the commencement date of this agreement, reasonable wear and tear <br /> excepted. The equipment may only be used by the Operator for use on the Pinewood Golf Course. <br /> 2. Standards of Operation. Operator represents and warrants to City that it shall maintain <br /> an efficient and high quality operation at the golf course comparable to other similar golf courses. <br /> 3. Term. This agreement shall be for a period commencing on the date first set forth above <br /> and ending on the 31st day of December, 2021 provided however in addition to the termination <br /> provisions in paragraph 26, that the City may terminate this Agreement at will, without cause, by <br /> delivery (by mail or by personal service) to Operator(at its address stated hereinabove) of a notice of <br /> the City's intention to terminate this agreement, one hundred and twenty (120) days after the delivery <br /> of the notice. At the expiration of the one hundred and twenty (120) day period (a) this Agreement <br /> shall terminate (b) the Operator shall, at its own cost and expense, immediately remove all of its <br /> personal property from the Golf Course, and quit and surrender possession thereof to the City, in good <br /> order and condition, subject to the terms and conditions herein. This agreement allows the City to <br /> terminate the license at will. The Operator may request to extend this Agreement for an additional one <br /> (1) year period, commencing on January 1, 2022 and ending on the 31st day of December, 2022, by <br /> giving notice in writing to the City by delivering to the City Clerk by September 1, 2021 of its request. <br /> The financial terms of such renewal shall be negotiated between the City and the Operator. Such <br /> 1 <br />
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