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Ms. McGovem was concerned about the contract not including the requirement oi an annual financial statement audit. Mr. Wolfe noted the contract states that the City may require Lifetime Tennis, Inc. to submit audited financial statements because the City collects all of the revenues. If the contract was modified and Lifetime Tennis Inc. was making the reservations and collecting the revenue, it would then be appropriate to require submittal of audited financial statements for the operation of the Facilities. In response to an inquiry by Mr. Brozosky, Mr. Wolfe verified that the City collects revenues received from the proshop. Ms. McGovern was hopeful that the Parks and Recreation Commission could review and provided a recommendation with respect to the additional four courts that shall be reserved for drop-in/open play during weekday evenings and weekend mornings, particularly as it pertained to league play. She wanted the community to be assured and know the exact amount of courts that are truly available for players to reserve within a 48-hour period for play. Mr. Sullivan asked that staff work with the Tennis Operator to effectively advertise the establishment of the Pleasanton Community Tennis Association. In response to an inquiry by Mr. Brozosky, Mr. Spiller said the tennis players are not a part of the Sports Council. Once the Pleasanton Community Tennis Association is established, he believed it would be appropriate to include it as part of the Sports Council. The roll call vote was taken as follows: AYES: Councilmembers - Brozosky, McGovern, Sullivan, and Mayor Hosterman NOES: None ABSENT: None ABSTAIN: None There was a break at 10:06 p.m. The meeting reconvened at 10:14 p.m. 6._.~e Approval of a sale and purchase aqreement for 4254 Vervais Avenue. (SR 05:133) Steven Bocian, Deputy City Manager, presented the staff report. Mr. Brozosky asked what the approximate cost would be for the improvements for this property and if this property had any sewer access? Mr. Bocian believed the improvement costs would be approximately $200,000. This property has a septic tank and no sewer access. If the City purchased 4254 Vervais Avenue, Mr. Brozosky asked if the City would be obligated to purchase 4230 Vervais Avenue as in the Downtown Specific Plan this property is designated Park. Mr. Bocian said the City has no obligation to purchase either 4254 or 4230 Vervais Avenue. The City has received no indication that the owner of 4230 Vervais Avenue is selling its property, nor has staff made any recommendation to attempt to purchase this property. If the Pleasanton City Council 20 05/17/05 Minutes