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Meeting Date 6/15/04 <br /> <br /> CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Agenda Item # <br /> <br />SUBJECT: <br />Cabarrus Arena catedng contact amendment <br /> <br />BRIEF SUMMARY: <br />The Arena's catering vendor, Eurest, has agreed to reduce its annual management fee <br />from $100,000 to $30,000. As a stipulation to this agreement, the County must pay the <br />undepreciated balance on Euresrs equipment investment at the time of inception. This <br />balance will be $365,012.13 as of July 1, 2004. This new agreement will result in an <br />annual operational savings to the Arena of $114,300. <br /> <br />REQUESTED ACTION: (Suggested motion ff the Board approves the agenda item as presented) <br />Approve the "Amendment to Food Services Management Agreement" with Compass <br />Group USA, Inc., subject to the completion of review and any revisions by the County <br />Attorney; Provide necessary funding to pay the equipment investment balance to allow <br />this agreement to become effective July 1, 2004; and authorize the County Manager to <br />execute the Amendment on behalf of Cabarrus County. <br /> <br />Attachments [] Yes [] No Expected Length of Presentation 5 minutes <br /> <br />Submitted By: Mark R. Chappuis - CAEC General Manager Date: 6/3/04 <br /> <br />Budget Amendment Required: [] Yes [] No <br /> <br />Budget Amendment Attached and Reviewed by Budget Officer: <br /> <br />[] Yes <br /> <br />[] No <br /> <br />County Manager's Recommendations/Comments: <br /> <br />Approval is recommended. Money is available for the kitchen equipment in the Arena <br />construction fund. <br /> <br />Manager's Signature <br /> <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [] Other [] <br /> <br /> <br />