FACILITIESAPPROVED

city-of-san-juan-capistrano-agenda-report-july-15-2025_23b.pdf

City Approves 17-Year Equestrian Venue Lease with Premier Equisport Events LLC

$413,595.84 annually, subject to annual CPI adjustmentCity of San Juan CapistranoPREMIER EQUISPORT EVENTS LLCJuly 15, 2025

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Description

The City of San Juan Capistrano approved a new ground lease with Premier Equisport Events LLC for the operation of the Rancho Mission Viejo Riding Park. The 17-year lease runs from August 1, 2025, through June 30, 2043, with annual rent of $413,595.84 subject to CPI increases. Premier Equisport Events LLC is responsible for facility operations, event programming, property improvements, maintenance, utilities, and insurance under the agreement.

Contract Details

Contract Amount

$413,595.84 annually, subject to annual CPI adjustment

Vendor

PREMIER EQUISPORT EVENTS LLC

Agency

City of San Juan Capistrano, CA

Contract Type

FACILITIES

Document Date

July 15, 2025

Contract Term

August 1, 2025 – June 30, 2043

Renewal Date

2043-06-30

Renewal Info

No automatic renewal stated; Tenant may propose renewal but any renewal/extension requires City approval subject to terms to be negotiated at that time. Holdover defaults to month-to-month tenancy at City's discretion. Bond required for decommissioning/restoration before lease end.