Loading...
HomeMy WebLinkAbout2820 Resolution RESOLUTION NO. A RESOLUTION APPROVING THE BASEBALL STADIUM LEASE WITH NORTHWEST BASEBALL VENTURES 1. WHEREAS, the current lease between the City of Pasco and Portland Family Entertainment (PFE) for PFE's use of the Pasco Baseball Stadium is effective through 2005; and WHEREAS, PFE has indicated that it intends to sell its Northwest Baseball League franchise, the Tri-Cities Dust Devils, to Northwest Baseball Ventures I (NWBV), prior to expiration of PFE's current lease of the Pasco Baseball Stadium; and WHEREAS, the City Manager has developed an acceptable lease with NWBV for its use of the Pasco Baseball Stadium contingent on NWBV's actual purchase of the franchise from PFE; and WHEREAS, the current lease of the Baseball Stadium to PFE must be satisfactory terminated prior to or concurrent with execution of the new lease agreement with NWBV; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PASCO: Section 1. That certain lease agreement between the City of Pasco and Northwest Baseball Ventures I, dated June 7, 2004, is hereby approved contingent on the satisfactorily release by PFE and any associated lien holder of its interest in the current stadium lease with PFE. Section 2. The City Manager is hereby authorized to execute the lease agreement with Northwest Baseball Ventures I upon satisfactory termination of the current lease with PFE and, further, is authorized to do all else necessary to appropriately effect the new lease agreement with Northwest Baseball Ventures I. PASSED by the City Council of the City of Pasco this 7t' day of June, 2004. Michael L. rrison Mayor ATTEST: APPROVED AS TO FORM: /&/?Gtr % . Sandy L. K nworthy Leland B. Kerr Deputy City Clerk City Attorney