City Council

CC 7. WARRANT AGREEMENT Recommendation(s): A. Accept the Warrant Agreement between the City of Lancaster and Antelope Valley Soccer, LLC. B. Authorize the City Manager or his designee to execute the Agreement. On May 7, 2024, City Council approved a Restricted Stock Donation Agreement, by which AVS would issue six hundred and fifty thousand (650,000) shares of common stock to the City. AVS is requesting to replace the Restricted Stock Donation Agreement with the Warrant Agreement. Through the Warrant Agreement, AVS will issue the City six hundred and fifty thousand (650,000) of the Company’s Membership Units at zero value per share.