City Council

OB1. Approve Resolution 2024­55, Approving and Authorizing the Assignment and Assumption\nAgreement and Lease Guaranty which Transfers the Sycamore Canyon Equestrian Center\nLease Agreement and Three­Party Community Arena Agreement from Lauree and Danny Adair\n(dba D&L Ranch Management Company) to S & S Equine LLC operated by Steve and\nSharlene Jackson and Authorizing the City Manager to Execute the Agreement.\nRECOMMENDATION: Staff recommends the City Council:\nAdopt Resolution 2024­55 approving and authorizing the City Manager to execute the\nAssignment and Assumption Agreement and Lease Guaranty to effectuate a transfer of\nthe lease agreement to operate the Sycamore Canyon Equestrian Center (SCEC), and a\ntransfer of the Three Party Community Arena Agreement, from Danny and Lauree\nAdair dba D&L Ranch Management Company to S&S Equine LLC, in a form\napproved by the City Attorney.\n\nORAL COMMUNICATIONS\nLease Agreement and Three­Party Community Arena Agreement from Lauree and Danny Adair\n(dba D&L Ranch Management Company) to S & S Equine LLC operated by Steve and\nSharlene Jackson and Authorizing the City Manager to Execute the Agreement.\nRECOMMENDATION: Staff recommends the City Council:\nAdopt Resolution 2024­55 approving and authorizing the City Manager to execute the\nAssignment and Assumption Agreement and Lease Guaranty to effectuate a transfer of\nthe lease agreement to operate the Sycamore Canyon Equestrian Center (SCEC), and a\ntransfer of the Three Party Community Arena Agreement, from Danny and Lauree\nAdair dba D&L Ranch Management Company to S&S Equine LLC, in a form\napproved by the City Attorney.