City Council

14. APPROVAL OF MEMORANDUM OF UPDATED TERMS FOR THE\nTUSTIN COMMUNITY CENTER AT THE MARKET PLACE Approval of a\nMemorandum of Updated Terms between the City of Tustin and the Irvine\nCompany to update the rules, regulations, and reimbursed costs\nassociated with operating the Tustin Community Center at The Market\nPlace.\nRecommendation: Authorize the City Manager to execute a Memorandum\nof Updated Terms with the Irvine Company for the Tustin Community\nCenter at The Market Place. Fiscal Impact: The fiscal impact to the City of\nTustin associated with this item will be minimal as the increases in the\nreimbursed costs paid to the Irvine Company will continue to be offset,\nincluding overhead costs, by the current facility reservation fees for the\nremainder of the fiscal year. Further, the comprehensive schedule of fees\nwill be updated for the 2025/2026 Fiscal Year to reflect increases in the\nfacility reservation fees proportional to the increases reflected in the\nMemorandum of Updated Terms.