C-number: C-30-05-032-1
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53. AMENDMENT TO PHOENIX SPEEDWAY CORP COOPERATIVE AGREEMENT Approve Amendment No. 1to the Cooperative Agreement (C-30-05-032-1-00) between Maricopa County (“County”) and Phoenix Speedway Corp (“PSC”) for the exclusive use of group camping and parking areas at Estrella Mountain Regional Park during scheduled National Association for Stock Car Auto Racing (NASCAR) events. The original Agreement expires December 31, 2009 and Amendment One extends the Agreement until December 31, 2024. Total term of the Agreement, as amended is approximately 20 years (April 1, 2005 – December 31, 2014). There are no renewal options. Amendment One also incorporates administrative changes and modifies the Fee Payment Schedule. Guaranteed revenue for Maricopa County Parks and Recreation Department (Department 300, Fund 241) over the life of the Agreement, as amended, is $403,773. All administrative and maintenance costs during the period occupied by PSC are the responsibility of PSC. County and PSC entered into the initial Cooperative Agreement (C-30-05-032-1-00) effective April 1, 2005 for a period of five years, with the option to renew. Purpose of the Agreement was for the exclusive use of group camping and parking areas at Estrella Mountain Regional Park during scheduled National Association for Stock Car Auto Racing (NASCAR) events currently conducted in April and November of each year. Amendment One extends use of the designated area at Estrella Mountain Regional Park until December 31, 2024 (approximately 20 years); incorporates administrative changes to the existing Agreement; and modifies the fee payment schedule. There are no renewal options. All administrative and maintenance costs during the period occupied by PSC are the responsibility of PSC. (C-30-05-032-1-01)
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A-1. AMENDMENT TO PHOENIX SPEEDWAY CORPORATION COOPERATIVE AGREEMENT Approve Amendment Two to the Cooperative Agreement (C-30-05-032-1-00) between Maricopa County (“County”) and Phoenix Speedway Corp (“PSC”) for the exclusive use of group camping and parking areas at Estrella Mountain Regional Park during two scheduled National Association for Stock Car Auto Racing (NASCAR) events. County and PSC entered into the initial Cooperative Agreement (C-30-05-032-1-00) effective April 1, 2005 for a period of five years, with the option to renew. Purpose of the Agreement was for the exclusive use of group camping and parking areas at Estrella Mountain Regional Park during scheduled National Association for Stock Car Auto Racing (NASCAR) events currently conducted in April and November of each year. The original Agreement expired December 31, 2009 and Amendment One (C-30-05-032-1-01) provided administrative changes, modification of the fee schedule and extended the use of the designated area at Estrella Mountain Regional Park until December 31, 2024. Amendment Two extends use of the designated area at Estrella Mountain Regional Park until December 31, 2030. Total term of the Agreement, as amended is approximately 26 years (April 1, 2005 – December 31, 2030). There are no renewal options. Amendment Two also incorporates administrative changes and modifies the Fee Payment Schedule. All administrative and maintenance costs during the period occupied by PSC are the responsibility of PSC. (C-30-05-032-1-02)
2 item(s) sharing C-number base C-30-05-032-1