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in/walk-on) play and four (4) additional reservation courts during weekday evenings and <br /> weekend mornings. <br /> Compensation <br /> The Agreement specifies that Lifetime Tennis will pay the City an Annual Fee as <br /> follows: <br /> ® January 1, 2017 — December 31, 2017 — $80,000 shall be paid to the CITY <br /> ® January 1, 2018 — December 31, 2018 — $105,000 shall be paid to the CITY <br /> ® January 1, 2019 — December 31, 2019 — $11 0,000 shall be paid to the CITY <br /> ® January 1, 2020 — December 31, 2020 — $115,000 shall be paid to the CITY <br /> ® January 1, 2021 — December 31, 2021 — $120,000 shall be paid to the CITY <br /> ® January 1, 2022 — December 31, 2022 — $125,000 shall be paid to the CITY <br /> ® January 1, 2023 — December 31, 2023 — $130,000 shall be paid to the CITY <br /> During the term of the proposed Agreement, the Community Services Department will <br /> evaluate any proposed fee changes as part of its annual fee review. The Director of <br /> Community Services will review and make recommendations to the Parks & Recreation <br /> Commission, which approves all proposed fees. <br /> Submitted by: Fisc Review: Approve• by: <br /> Susan Andrade-Wax Tina Olson Nelson Fialho <br /> Community Services Director Finance Director City Manager <br /> Attachment: <br /> 1. Extension of Operator Agreement— Lifetime Tennis, Inc. (DBA Lifetime Activities) <br /> Page 4 of 4 <br />