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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />NOVEMBER 15, 2010 <br />6:30 P.M. <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />Cabarrus Arena and Events Center - SMG Incentives and Related Budget <br />Amendment- $78,989 <br />BRIEF SUMMARY: <br />Based on the existing Management Services Agreement (Section 4) and the <br />Food & Beverage Services Agreement (Section 6), SMG qualifies for the <br />following incentive payments for the performance during the 2010 fiscal year: <br />Mgt Agreement - Quantitative Incentive = $ 7,967.00 <br />Qualitative Incentive = 22,325.00 <br />F &B Agreement - Quantitative Incentive = 48,697.00 <br />Total Incentive Due - $78,989.00 <br />REQUESTED ACTION: <br />Motion to authorize incentive payment to SMG for fiscal year 2010 and <br />adopt the associated budget amendment. <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />Mike Downs, Deputy County Manager <br />BUDGET AMENDMENT REQUIRED: <br />Yes <br />COUNTY MANAGER'S RECOMMENDATIONS /COMMENTS: <br />Page 57 <br />F -2 <br />