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AI# 10361
Regular City Council Meeting
7.27.
01/25/2022:
Information
Agenda Item
Resolution - Civic Center:
Consider a resolution authorizing the Mayor to execute a Lease Agreement, by and between the City of Lubbock, and Lubbock Moonlight Musicals Inc., for use of the Lubbock Moonlight Musicals Amphitheatre, for five annual periods ending November 30, 2026.
Item Summary
Lubbock Moonlight Musicals Inc. (LMMI) desires the use of the Amphitheatre to conduct theatrical productions and rehearsals which will provide economic development benefit by attracting visitors to the City and the surrounding area. It is the City's desire to have regularly scheduled events for the public at the Amphitheatre, and in consideration of the over $1,500,000 of improvements made to date to the Amphitheatre by Moonlight Musicals Inc., staff recommends continuing this mutually beneficial partnership.
The term of this Agreement will be for a period beginning upon execution of the Agreement, and ending November 30, 2026. There will be five(5) seasons beginning February 1st and running through November 30th of each year during the Term of this Agreement. LMMI agrees to pay the City for the use of the Amphitheatre for each of the five (5) seasons according to the following payment schedule:
Season
Fee
2022
$7,500
2023
$8.000
2024
$8,500
2025
$9,000
2026
$9,500
Fiscal Impact
LMMI agrees to pay an annual rental fee to the City of Lubbock for use of the Amphitheatre. The fee will be $7,500 for the 2022 season, and escalate annually by $500, for a total revenue of $42,500 over 5 seasons.
Staff/Board Recommending
Brooke Witcher, Assistant City Manager
Attachments
Resolution
Lease Agreement
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