To: Aaron Rector, City Manager
From: Michael Beaver, The Keller Pointe Manager
Subject:
Title
Consider a resolution approving the contract with Lakeside Aquatics Club of Keller, Texas, in the amount not exceeding $90,000.00 and authorizing the City Manager to execute all related purchase documents on behalf of the City of Keller.
Action Requested:
Consider a resolution approving the contract with Lakeside Aquatics Club in the amount not exceeding $90,000.00, for The Keller Pointe Recreation and Aquatic Center; and authorizing the City Manager to execute all purchase documents relating thereto on behalf of the City of Keller, Texas.
Background:
The Keller Pointe partners with Lakeside Aquatics Club to provide swim lessons through a revenue-sharing agreement. Under this agreement, 60% of program revenue goes to Lakeside Aquatics Club, and The Keller Pointe retains the remaining 40%.
Based on current projections for participation and revenue, total payments to Lakeside Aquatics Club are expected to exceed $50,000. However, we do not anticipate payments going over $90,000 for the fiscal year.
Per City policy, we are requesting City Council approval to authorize payments exceeding $50,000 to Lakeside Aquatics Club.
Financial Impact:
Lakeside Aquatics Club operates under a revenue-sharing agreement with The Keller Pointe. Under this agreement, 60% of program revenue goes to Lakeside Aquatics Club, and The Keller Pointe retains the remaining 40%. This program generates a significant portion of the facility’s annual revenue and serve as the primary funding source for the Aquatics Department.
Alternatives:
City Council has the following alternatives:
- Approve as submitted
- Approve with changes
- Denial
Council Action:
Staff recommends approval