Item 4KItem 4K
Approve SPDC Matching Funds request from Roxy Tennis, L.L.P. in the amount of $40,500 for construction of a sixth tennis court at the Southlake Tennis Center
SPDC Matching Funds – Tennis Center
Background
Original Bicentennial Park concept plan included (5) tennis courts
Roxy Tennis (City’s contractor for Tennis Center mgmt), made a request early on in the development of the construction plans for an additional court to handle the increased demands for
court space/programs, and to improve our opportunity to bring tournaments to Southlake.
The 6th court was incorporated into Phase 1 with the commitment from Roxy Tennis to fund the 6th court with matching funds (50% Roxy & 50% City).
Site Location
Courts Plan
SPDC Matching Funds – Tennis Center
FY 2010 SPDC Matching Funds ($250,000) Available
Matching Funds allocated October 2009 in the amount of $16,000 for:
$8,000 ($16,000 total) to KSB for planters
Current funding available $234,000
If the current request for $40,500 (total $81,000) is granted, an unencumbered balance of $153,000 would remain in the FY 2010 Matching Funds budget
Timeline Information
SPDC Matching Funds – Tennis Center
Parks Board recommended approval at their January 11, 2010 regular meeting
SPDC and City Council to consider at their February 16, 2010 meetings
Questions?
Chris Tribble
(817) 748-8021