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CABARRUS COUNTY <br />* <br />REGULAR MEETING <br />1 <br />�A CA1Lp 1�1�I : • <br />• P .M. <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />County Manager - Contractual Incentive Payments for SMG (Cabarrus Arena) <br />BRIEF SUMMARY: <br />The contract between Cabarrus County and SMG, the operator of the <br />Cabarrus Arena & Events Center, includes annual incentive payments based <br />on quantitative and qualitative measurements, as well as food sales volumes. <br />The attached document details the calculations of the incentive amounts. This <br />document has been reviewed by Management and Finance staff and is in <br />keeping with the contract. A budget amendment for the incentive payments is <br />also included with this agenda item. <br />REQUESTED ACTION: <br />Motion to approve the incentive payments and adopt the associated budget <br />amendment. <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />Pamela Dubois, Deputy County Manager <br />BUDGET AMENDMENT REQUIRED: <br />Yes <br />COUNTY MANAGER'S RECOMMENDATIONS /COMMENTS: <br />This item was approved by the Board for inclusion on the Agenda as a <br />Consent item. <br />F -8 Page 143 <br />