Agenda Item Name:
Title
Sports Events Center Development Agreement, Operation & Maintenance Agreement, and Donation of Property to the County
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Presenter:
Tommy Crosby, Assistant County Manager 337-6205
Description:
Request for approval of the final decision points and agreements to initiate the development of a Sports Events Center at Celebration Pointe.
Recommended Action:
Recommended Action
1) Adopt the Resolution to Approve the Sports Center Development Agreement, Operation & Maintenance Agreement, and Donation of Property to the County.
2) Approve a $30 Million inter-fund loan from the General Fund to be paid back from pre-scheduled draws of the previously approved $30 Million bond issue.
3) Adopt the Resolution for unanticipated revenue and approve the Budget Amendment to establish the project fund.
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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...
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