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AG 2015 03 16
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AG 2015 03 16
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3/17/2015 10:55:01 AM
Creation date
11/27/2017 10:37:15 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
3/16/2015
Board
Board of Commissioners
Meeting Type
Regular
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(d) to the extent that Operating Revenues or funds supplied by the County are <br />made available therefor, maintain the Facility in the condition received, reasonable wear and tear <br />excepted; provided that the County shall be responsible for undertaking all Capital Improve- <br />ments and Capital Equipment purchases as provided in Section 5.8. <br />(e) to the extent that Operating Revenues or funds supplied by the County are <br />made available thereofor, rent, lease or purchase all equipment and maintenance supplies neces- <br />sary or appropriate for the operation and maintenance of the Facility, provided that the County <br />shall be responsible for undertaking all Capital Improvements and Capital Equipment purchases <br />pursuant to Section 5.8, subject to the SMG Capital Contribution as provided in Section 5.11; <br />(f) establish and adjust prices, rates and rate schedules for the aforesaid li- <br />censes, agreements and contracts and any other commitments relating to the Facility to be nego- <br />tiated by SMG in the course of its management, operation and promotion of the Facility. In de- <br />termining such prices and rate schedules, SMG shall evaluate comparable charges for similar <br />goods and services at similar and /or competing facilities and shall consult with the Contract Ad- <br />ministrator about any adjustments to the rate schedules at the Facility to be made by SMG; pro- <br />vided, further, that SMG shall take all commercially reasonable actions to utilize its relationship <br />with Ticketmaster to improve the financial, marketing and technological capacity of the Facility. <br />As set forth in Section 10.2, SMG shall enter into no contract with any Affiliate of SMG unless <br />specifically approved in writing by the County. <br />(g) to the extent that Operating Revenues or funds supplied by the County are <br />made available therefor, pay, when due all Operating Expenses from accounts established pur- <br />suant to Sections 5.6 and 5.7 of this Agreement; <br />(h) after consultation with the County, institute or defend, at the reasonable <br />expense of the County, with counsel agreed to by both parties, such legal actions or proceedings <br />as SMG shall deem necessary or appropriate in connection with the operation of the Facility, in- <br />cluding, without limitation, to collect charges, rents or other revenues due or to cancel, terminate <br />or sue for damages under, any license, use, advertisement or concession agreement for the breach <br />thereof or default thereunder by any licensee, user, advertiser, or concessionaire at the Facility; <br />(i) maintain a master set of all booking records and schedules for the Facility; <br />0) provide day -to -day administrative services in support of its management <br />activities pursuant to Approved Budgets and annual plans described herein, including, but not <br />limited to, the acquisition of services, equipment, supplies and facilities; internal budgeting and <br />accounting; maintenance and property management; personnel management; record - keeping; <br />collections and billing; and similar services; and <br />(k) engage in such advertising, solicitation, and promotional activities as <br />SMG deems necessary or appropriate to develop the potential of the Facility and the cultivation <br />of broad community support (including without limitation selling advertising inventory and se- <br />curing product rights for the Facility). SMG shall work with the Cabarrus County Convention <br />and Visitor's Bureau to market the Facility for conventions, trade shows and public entertain - <br />pdfconvert. 9450 .1.cabarrus_agreement_2015.doc <br />7 <br />Attachment number 1 <br />F -1 Page 87 <br />
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