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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br />Meeting Date 5/19/08 Agenda Item # r-3 <br />SUBJECT: <br />Cabarrus Arena and Events Center -SMG Contract Amendment No. 1 <br />BRIEF SUMMARY: <br />The current Management Agreement with SMG, Inc. to manage the Cabarrus Arena and <br />Events Center will end on June 30, 2010. SMG is requesting a five year extension for the <br />term of July 1, 2010 through June 30, 2015. In return for an early agreement renewal, <br />SMG is proposing to purchase additional equipment ($75,000) for the food and beverage <br />operations. <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />Motion to approve Amendment No. 1 to the Management Agreement between Cabarrus <br />County and SMG as presented. <br />Attachments ^X Yes ^ No Expected Length of Presentation <br />Submitted By: Mike Downs/Deputy County Manager Date: 5/2/08 <br />Name /Job Title <br />Budget Amendment Required: ^ Yes ^ No <br />Budget Amendment Attached and Reviewed by Budget Officer: ^ Yes ^ No <br />County Manager's Recommendations/Comments: <br />This item was approved by the Board for inclusion on the Agenda as a Consent item. <br />Approval is recommended. <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [ ] Other [ ] <br />~=-3 <br />