HomeMy WebLinkAboutIR 7550 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 7550
PT(gF
O' D To the Mayor and Members of the City Council
September 17, 1991
Subject: FIRST YEAR AUDIT OF LEASE AGREEMENT WITH AMERICAN GOLF
CORPORATION FOR THE OPERATION AND MAINTENANCE OF
Z .BOAZ GOLF COURSE
BACKGROUND:
On May 21 , 1991, the American Golf Corporation (AGC)
completed their first year of operation at Z.Boaz Golf
Course. The contract period is for eight years with two
(2) , two (2 ) year options for renewal. The Internal Audit
Department has completed an audit of the lessee to evaluate
their compliance with the contract and to determine the
dollar amounts due the City.
The overall evaluation of the AGC operation was
satisfactory. Monthly lease payments were being paid on
time and routine maintenance and capitol improvement
projects are proceeding as outlined in the contract. The
audit, however, did note some minor technical and record
keeping issues that will be addressed. These included late
fir' sales and activity reports, annual pass recording, utility
i� charges, and insurance coverage. A full audit report will
be forthcoming.
We see no reason to recommend any change in the contractual
agreement between the City of Fort Worth and the American
Golf Corporation. City Park and Recreation Golf staff and
AGC staff will continue to work together to provide an
enjoyable and cost-effective service to our area golfers .
David Ivbry
City Manager
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS --