| 20260303 |
Orange County |
Santa Ana |
City Council |
Item |
20.Proposed Fiscal Year 2025-26 Mid-Year Budget Update, Appropriation Requests,Workforce Changes, and Capital Improvement Program AmendmentDepartment(s): Finance and Management ServicesRecommended Action: 1. Receive and file the FY2025-26 Mid-Year BudgetUpdate.2. Approve the recommended Appropriation Adjustments. (Requires fiveaffirmative votes)3. Adopt RESOLUTION NO. 2026-XXX entitled A RESOLUTION OF THE CITYCOUNCIL OF THE CITY OF SANTA ANA TO AMEND THE CURRENT FISCALYEAR 2025-26 (FY25-26) ANNUAL BUDGET TO ADJUST FULL-TIMEPOSITIONS IN THE FINANCE & MANAGEMENT SERVICES AGENCY, LIBRARYSERVICES, THE PLANNING AND BUILDING AGENCY, AND THE PUBLICWORKS AGENCY, INCLUDING ADDITIONS, REALLOCATIONS, AND/OR |
March 03, 2026
Orange County
Santa Ana
City Council
Item
#20
|
| 20260303 |
Orange County |
Santa Ana |
City Council |
Item |
16.Agreement with Santa Ana Golf, LLC, a Wholly Owned Subsidiary of CourseCo,Inc., for River View Golf Course Management Services (Specification No. 26-002)(Non-General & General Fund)Department(s): Parks, Recreation, and Community ServicesRecommended Action: 1. Authorize the City Manager to execute an agreementwith CourseCo, Inc. to provide management services for the River View GolfCourse in an amount not to exceed $3,083,377 which includes a 3% annual CPIadjustment, an incentive fee equal to 10% of Gross Operating Income above anestablished baseline threshold with a maximum cap of 50% of the annualmanagement fee, as defined in the Agreement, for a term effective March 3, 2026,with operations commencing May 1, 2026, and expiring June 30, 2031, withprovisions for two, five-year extensions expiring June 30, 2041 (Agreement No. A-2026-XXX).2. Approve an appropriation adjustment to make a payment in the amount of$395,000 to the Golf Course Enterprise Fund (Fund 112) from the General Fundspendable fund balance (Fund 011) to provide initial working capital for operationsof the golf course, which will be repaid from Golf Course revenue. (Requires fiveaffirmative votes)3. Approve an appropriation adjustment to budget the remaining two months of the2025-2026 fiscal year, which will recognize $729,950 in Golf Course revenueaccount (no. 11213002-57990) and appropriate the same to the Golf Courseexpenditure accounts (no. 11213200-Various). (Requires five affirmative votes) |
March 03, 2026
Orange County
Santa Ana
City Council
Item
#16
|