Title
Request to Authorize the Mayor and the City Clerk to execute a ten-year agreement with The Velodrome Non-Profit Corporation for the continuing management and operation of the Velodrome located at Bloomer Park
Body
Whereas, on October 23, 1999, the parties entered into a certain Bloomer Park Velodrome Development and Management Agreement (supplemented later by an Addendum entered into on June 17, 2002) to have a superior community recreational facility in the form of a velodrome bicycle riding and racing track constructed and operated at Bloomer Park on a not-for-profit basis so that the residents of Rochester Hills and the general public would benefit from and be proud of it, and the construction and operation of which would not require expenditure of CITY funds; and
Whereas, the initial 10-year term of the October 23, 1999, Agreement has expired; and
Whereas, Section 1.3 of the October 23, 1999 Agreement provided that upon mutual agreement, the parties could extend the initial term of the Agreement; and
Whereas, the parties mutually desire and agree to extend the Agreement in accordance with this Bloomer Park Velodrome Management Agreement.
Resolved, that the Rochester Hills City Council hereby approves the ten-year Bloomer Park Velodrome Management Agreement between the City of Rochester Hills and The Velodrome Non-Profit Corporation for the period of 2010 through December 31, 2020, and further authorizes the Mayor and City Clerk to execute the agreement on behalf of the City.