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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />NOVEMBER 16, 2009 <br />6:30 P.M. <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />Cabarrus Arena & Events Center -Approval of SMG Management Incentives <br />for FY 2009 <br />BRIEF SUMMARY: <br />Based on the Management Agreement (Section 4) and the Food and <br />Beverage Services Agreement between the county and SMG, SMG is entitled <br />to the following incentive payments: <br />Management Agreement: Quantitative Incentive Fee $ 45,490.00 <br />Qualitative Incentive Fee $ 22,562.00 <br />Food & Beverage Services: Quantitative Incentive Fee $ 81,453.00 <br />TOTAL INCENTIVE FEE (FY2009) $149,505.00 <br />REQUESTED ACTION: <br />Motion to authorize payment of incentives due to SMG for FY 2009 and adopt <br />related budget amendment. <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />Mlke Downs, Deputy County Manager <br />BUDGET AMENDMENT REQUIRED: <br />Yes <br />COUNTY MANAGER'S RECOMMENDATIONS/COMMENTS: <br />F"1 Page 39 <br />