10.07.2015 Views

cabarrus county board of commissioners regular meeting november ...

cabarrus county board of commissioners regular meeting november ...

cabarrus county board of commissioners regular meeting november ...

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

CABARRUS COUNTYBOARD OF COMMISSIONERSREGULAR MEETINGNOVEMBER 21, 20116:30 P.M.AGENDA CATEGORY:Consent AgendaSUBJECT:Cabarrus Arena & Events Center - SMG Incentives and Related BudgetAmendment - $125,597.00BRIEF SUMMARY:Based on existing Management Services Agreement (Section 4) and theFood and Beverage Services Agreement (Section 6), SMG qualifies for thefollowing incentive payments for their performance during the 2011fiscal year:Management Agreement- Quantitative Incentive $21,304Qualitative Incentive $22,563Food & Beverage Agreement: Qualitative $81,730Total Incentive Due to SMG $125,597REQUESTED ACTION:Motion to authorize incentive payment to SMG for FY 2011 and adopt thebudget amendment.EXPECTED LENGTH OF PRESENTATION:SUBMITTED BY:Shelley Farris, Accounting SupervisorMike Downs, Interim County ManagerBUDGET AMENDMENT REQUIRED:YesF-1Page 241

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!