HomeMy WebLinkAboutIR 7858 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 7858
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To the Mayor and Members of the City Council August 23, 1994
X Subject: ROCKWOOD GOLF COURSE
873
In August 1990, the City approved a license agreement under which International
Golf of Texas, Inc. (IGT) assumed full responsibility for the operation and
maintenance of Rockwood Golf Course. The primary term of the agreement was for
eight (8) years with two (2) additional year options.
On November 2, 1993, the City approved an amendment (M&C C-14072) to the
license agreement. The amendment specified that continuous cart trails on the Red
and White nines during contract year four, should be constructed and that any
remaining balance would be spent on improvements during contract year six.
As specified in the amended contract, IGT has completed the additional cart trails.
Construction on the cart trails began on May 31, 1994 and was accepted by the City
as of July 23, 1994. A total of $215,118.60 was expended on this project leaving a
remainder of$25,028.14 to be used for capital improvements in year six.
This matter is being brought to the City Council's attention for informational
purposes. Should you have any questions, please contact Libby Watson, Assistant
City Manager at 871-6183, or Richard Zavala, Director of Parks and Community
Services at 871-5711.
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ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS
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