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Commission reviews San Pasqual Stables lease; questions on capital funds, scholarships and historic residence
Summary
Commissioners reviewed the stables’ lease and annual reports and asked staff for confirmation of capital fund balances, compliance with ‘public access’ lease terms, the nature and value of scholarship programs, and the condition and responsibility for a historic residence on the stables property.
The Community Services Commission discussed the San Pasqual Stables lease agreement April 14 and asked staff to gather documentation on compliance with public-access provisions, capital-improvement funds, and maintenance of a historic residence on the property.
Why it matters: the stables operate on city-owned property under a concession agreement that pays the city a percentage of revenue (6% per the current agreement) plus a monthly capital-improvement contribution. Commissioners asked whether the city audits the concessionaire’s financials, how many of the 90+ stalls are rented to nonresidents, and whether the concessionaire’s scholarship/sweat-equity arrangements meet the contract’s stated public-program obligations.
Key issue…
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