Agenda 04/25/2023 Item #10A (To approve a Sixth Amendment to extend the Financing Contingency Period)04/25/2023
EXECUTIVE SUMMARY
Recommendation to approve a Sixth Amendment to the Long-Term Lease and Operating Agreement for the
Golf and Entertainment Complex (the "Lease") with CC BSG Naples, LLC ("BigShots") to Extend the
Financing Contingency Period to June 30, 2023.
OBJECTIVE: To approve a Sixth Amendment to extend the Financing Contingency Period.
CONSIDERATIONS: On May 25, 2021, the Board approved a Lease agreement with BigShots to develop and
construct a golf and entertainment complex at the site of the former Golden Gate Golf Course property.
More specifically, Article 4 of the Lease provides for a limited duration Financing Contingency Period, which the
parties mutually agreed to extend through five previous amendments to the Lease. The last such amendm ent
extending the financing contingency period will expire on April 30, 2023.
Article 4 of the Lease allows the County to extend the Financing Contingency Period. BigShots is requesting
another extension for good cause and I recommend that the attached proposed Sixth Amendment to the Lease be
approved by the Board.
The attached proposed Sixth Amendment amends Article 4 by further extending the contingency period through
June 30, 2023.
FISCAL IMPACT: None.
GROWTH MANAGEMENT IMPACT: None.
LEGAL CONSIDERATIONS: This item is approved as to form and legality and requires majority vote for Board
approval. -JAK
RECOMMENDATION: To approve the attached Sixth Amendment to the Long-Term Lease and Operating
Agreement for the Golf and Entertainment Complex with CC BSG Naples, LLC to Extend the Financing
Contingency Period, and authorize the Chair to sign the attached Sixth Amendment.
Prepared by: Burt Saunders, Commissioner, District 3
ATTACHMENT(S)
1. Sixth Amendment to Lease and Operating Agreement - BigShots - COA stamped (PDF)
10.A
Packet Pg. 208
10.A.1
Packet Pg. 210 Attachment: Sixth Amendment to Lease and Operating Agreement - BigShots - COA stamped (24841 : Sixth Amendment to Long Term Lease &
10.A.1
Packet Pg. 211 Attachment: Sixth Amendment to Lease and Operating Agreement - BigShots - COA stamped (24841 : Sixth Amendment to Long Term Lease &
10.A.1
Packet Pg. 212 Attachment: Sixth Amendment to Lease and Operating Agreement - BigShots - COA stamped (24841 : Sixth Amendment to Long Term Lease &
10.A.1
Packet Pg. 213 Attachment: Sixth Amendment to Lease and Operating Agreement - BigShots - COA stamped (24841 : Sixth Amendment to Long Term Lease &