AG 2008 05 19 - Laserfiche WebLink

Home Browse Search

TRANSITION 3ERVICE3 AGREEMENT Tffi3 TRANSITION SERVICES AGREEMENT (this "Agreement's dated as of the day of .2005 by and between Cabarrus County, North Carolina, a organized and existing pursuant to laws of the State of North Carolina (the "County"), and SMG, a Pennsylvania general partnership, whose clurent address is 701 Market Street, 4th Floor, Philadelphia, PA, 19106 ("SMG"). BACKGROUND The County is the owner and tnnrent operator and manager of the Cabarrue Arena and Events Center located in the County of Cabarrus, North Carolina ("Facility"). SMG is engaged, among other things, in the business of providing transition consulting services for public assembly facilities. The County desires to engage SMG, and SMG desires to accept such engagement, to provide management services for the Facility on the terms and conditions set forth herein. NOW, THEREFORE, in consideration of the mutual premises, covenants and agreements herein contained, the parties hereto, intending to be legally bound, hereby agree u follows: 1. n ant of SMG: Scope of Servioes. The County hereby engages SMG to perform the services set forth on Ezhibit 1 attached hereto and made a part hereof and SMG hereby accepts such engagement. 2. Term and Renewal. The term of this Agreement shall begin on May 1, 2005 and end on June 30, 2005. 3. SMG'8 Compensation. As full compensation to SMG for providing the services herein 'specified during the Management Tenn, the County shall pay SMG during the Management Term a fee of $7, 916 per month. SMG shall be emitled to be reimbursed for all agreed upon transition ptriod expenses asset forth on the transitionperiadbudgst attached hereto as Ezhibk 3. SMG shall invoice the County far all such expenses and provided documentation supporting such expenditures. SMG shall be reimbursed within 30 days from invoice date. 4. Miscellaneous. This Aggyetnent contains the emirs agreement between the parties with respect to the aubjaet matter hereof and attparaedea all prior agreements and underatandinge with respect thereto. No other agreements, representations, warranties or other matters, whether sal or written, will be deemed to bind the parties hereto with respect to the subject matter hereof. This Agreement shall not be altered, motliSod or amended in whole or in part, except in a writing executed by each of the parties hereto. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original copy ®19952005. SMG. All rights reserved. Doa.71899611v.1 -~