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Ratification of the Letter Agreement Regarding the Future Use and Occupancy of Certain Real Property By the Slalom Shop, LLC and Singleton Assets & Operations, LLC and the City of Lewisville.
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ADMINISTRATIVE COMMENTS:
In November 2024, the United States Army Corps of Engineers (USACE) executed Lease No. DACW63-1-24-0613 for Park and Recreational Areas on Lewisville Lake with the City of Lewisville to replace Lease No. DACW63-1-00-0820 upon expiration on April 14, 2025. LJH was the concessionaire for Eagle Point Marina under the former lease; together, the Slalom Shop and Singleton were a sub-concessionaire of LJH offering commercial boat sales. In May 2025, the City approved a short-term extension of the original concession agreement with LJH to facilitate Suntex negotiations for a buy-out of the marina business and improvements from LJH while maintaining continuity of operations. The letter agreement with the Slalom Shop and Singelton extends the sub-concessionaire rights until the LJH short-term extension expires and ensures a future concession agreement with the City or Suntex for continued commercial operations for a term of two years.
RECOMMENDATION:
That the City Council approve the ratification of the agreement as set forth in the caption above.