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<br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Meeting Date 9/25/06 <br /> <br />Agenda Item # r: - s <br /> <br />SUBJECT: <br />Cabarrus County Arena and Events Center <br />SMG -Incentives - Fiscal year 2006 <br />Management Services Agreement and Food & Beverage Services Agreement <br /> <br />BRIEF SUMMARY: <br />Based on the existing Management Agreement (Section 4) and the Food & Beverage <br />Services Agreement (Section 6), SMG qualifies for the following incentive payments: <br />Management Agreement- Quantitative Incentive Fee - $39,660.00 <br />Qualitative Incentive Fee - $21,613.00 <br />Food & Beverage Services Agreement- <br />Quantitative Incentive Fee - $23,805.00 <br />Total $85,078.00 <br /> <br />REQUESTED ACTION: (SUI1f188ted motion "the 808m approV8$ the agenda Item as ptes8I1ted) <br />1. Authorize payment of incentives to SMG for fiscal year 2006. <br />2. Approve associated budget amendment. <br /> <br />Attachments ~ Yes 0 No Expected Length of Presentation <br />Submitted By: Mike Downs - Deputy County Manager Date: 9/6/06 <br /> <br />Budget Amendment Required: ~ Yes 0 No <br />Budget Amendment Attached and Reviewed by Budget Officer: ~ Yes 0 No <br />County Manager's Recommendations/Comments: <br /> <br />This item was approved for inclusion in the consent agenda by the Board of Commissioners <br />on Sept. 11 th, 2006. Approval is recommended. <br /> <br />Manager's Signature <br /> <br /> <br />Action Taken: <br />Approved [] <br />Denied [ ] <br /> <br />Deferred [] <br />other [ ] <br /> <br />F-g <br />