Agenda Item Name:
Title
Sports Events Center Draft Development Agreement & Operations Agreement
End
Presenter:
Tommy Crosby, Assistant County Manager
Description:
Monthly update on the Sports Events Center design plans with an update on the project, 90% plans, and a draft of the Development Agreement and Operations Agreement.
Recommended Action:
Recommended Action
Hear presentation and provide any feedback in preparation of July 13 final approvals.
End
Prior Board Motions:
At the Board's May 25, 2021 meeting, Commissioner Alford motioned Approve the First Amendment to the Pre-Development Agreement for the Multi-Use Sports Center, and to also delegate to the County Manager the authority to amend the pre-development agreement as follows and as often as necessary providing that the accumulative effect of all such amendments does not increase the counties obligation to reimburse the developer by more than 50,000 dollars. Upon a finding by the county manager that the price of one more materials needed for construction will substantially increase unless a deposit that locks in the price of said materiel is received by the materiel supplier the county manager may
A. increase the amount of the pre-development budget to solely allow the developer to pay a deposit to the materiel supplier to prevent the substantial price increase
B. amend the phase 1 activities on exhibit contained on the pre-development agreement to add the payment of said deposit or
C. Increase the counties obligation to reimburse the developer set forth in paragraph 3b of the pre-development agreement equal to the deposit approved by the county manager.
Motion carried 5-0
At the Board's April 27, 2021 meeting, Commissioner Alford motioned to approve the 60% Design Plans in accordance with the Predevelopment Agreement and direct staff to continue to engage with the development team on the design to maximize the sports events potential of the facility while maintaini...
Click here for full text