Agenda Item Name:
Title
Review of Public Private Partnership Terms and Authorization for Pre-Development Agreement for a Sports Events Center at Celebration Pointe
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Presenter:
James K. Harriott, Jr., P.E., Deputy County Manager
Description:
This presentation brings back the negotiated terms of a public private partnership for a Sports Events Center at Celebration Pointe. The terms identify the risk of operation and management on the Operator and provides an option for the Operator to purchase the facility at the end of its useful life.
Recommended Action:
Recommended Action
1) Hear presentation of terms and authorize the Chair to sign a pre-development agreement consistent with the term sheet not to exceed $1 Million and
2) Authorize staff to work with the Operator to finalize the project development and operations agreements for future Board consideration.
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Prior Board Motions:
At the November 10, 2020 Board Meeting Commissioner Cornell moved to direct staff to negotiate a term sheet for the financing, construction and operation of a Sports Events Center with the most responsive proposer. And 2) bring back the results of negotiations for the Board's consideration. (5:0)
At the October 15, 2019 Board Meeting ?Commissioner Byerly moved direct staff to further explore the creation of a Sports Events Center via a partnership with Celebration Pointe Community Development District with the following ordered steps:
1) Determine public funding sources/amounts for the project.
2) Develop architectural designs and construction cost estimates.
3) Conduct a Celebration Pointe parking demand study and determine cost and Funding sources for additional parking stalls.
4) Establish legal parameters for venue funding and ownership.
5) Authorize a Chair letter to the City of Gainesville that provides the economic impacts of the Event Center to t...
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