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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