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AG 2000 11 20
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AG 2000 11 20
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Last modified
3/25/2002 5:00:09 PM
Creation date
11/27/2017 11:48:07 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
11/20/2000
Board
Board of Commissioners
Meeting Type
Regular
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4. County/Tourism Authority will enter into a design/build agreement <br />with Developer for services associated with the design and construction of <br />the Conference Center port/on of the Project with details to be provided in <br />· Associated Agreement # S". <br /> 5. The County/Tourism Authority may obtain and pay for the services of <br />an independent construction management consultant to represent the <br />County/Tourism Authority's interests during the negotiation of design/build <br />agreement for ~he Conference Center and t~roughout the construction process <br />for the Project, with details to be provided in "Associated Agreement # 7". <br /> <br /> O. Tourism Authority Oblisations. <br /> (a) Tourism Authority end County shall enter into an agreement for the <br />financing end repayment of de. bt associated with the design end construction <br />of the Conference Center. The County, acting as fiscal agent for the Tourism <br />Authority, will be fully reimbursed for all its costs associated with the <br />Project by revenues generated by 2% of the 5% local hotel/motel accommodation <br />tax, the details of which shall be provided in "Associated A~reement # <br /> (h) Tourism Authority shall enter into an agreement with Developer for <br />the operation and management of the Conference Center. This agreement <br />(-Associated Agreement # 4") shall include, but not be llmited to, mutually <br />agreeable terms involving: <br /> (i) Maintenance/capital expenses <br /> (ii) Management Fees <br /> ,(iii) Room rental rates <br /> (iv) Catering and event charges <br /> (v) A=9~isttion Of revenue from FF & B/A-V <br /> (vi) Convention Center Books and Bookings <br /> (vii) Convention Center Marketing Plau <br /> (viii)On-site ad~ertising, facility namin~ rights, and exclusive <br /> <br /> (c) Tourism Authority shall enter into a hotel room blocking agreement <br />with Developer or with John Q. Hammons Hotels as the Hotel operator. The <br />terms and conditions of this agreement shall be provided in ,Associated <br /> <br /> H. Developer Obligations. <br /> 1. Subject to applicable law, Developer, as Lessee, will enter into the <br />Hotel Ground Lease with city, as lessor, to lease the Hotel Site. The Hotel <br />Ground Lease shall be for a period of at least forty (40) years upon mutually <br />agreeable terms and conditions negotiated as an element of the hA, with <br />details, including ~-nual lend rent and a purchase option to be provided in <br />Associated Agreement #1. <br /> 2. Within one (1) year of the execution of the Hotel Ground Lease, <br />Developer will begin constr~ction of the Hotel on the Hotel site. <br /> 3. Developer and County/Tourism Authority, will execute and enter into <br />a 1'design-build' contract regarding construction of the Convention Center <br />facilities on the Convention Center Site in which Developer will provide all <br />design and construction services for the construction of a full-service <br />convention center. County/Tourism Authority and Developer will negotiate a <br />definitive design-build contract (Associated Agreement # 6) which will Hovern <br />their relationship during the design and construction periods and ~hich shall <br />be structured ca a "cost-plus" basis subject to a maximum cost obligation of <br />the County/Tourism Authority. Developer shall oversee the construction of the <br />Hotel and Convention Center and shall provide invoices to the Convention <br />Center to the County/Tourism Authority, which woul~ then pay Developer <br />directly. Invoices may include a management fee to be paid to the Developer <br />for its oversight of the construction process of the Convention Center. <br /> 4. Developer through its management company, Joh~ Q. Hammons Hotels, <br />Inc., will execute and enter into en agreement with County/Tourism Authority <br />(Associated Agreement # &.) to m---ge and otherwise oversee the operation of <br />the Convention Center upon completion of its construction. This agreement <br />shall include, but shall not be limited to, mutually a~reeable terms <br />involving: <br /> (l) Maintenance/capital expenses <br /> {ii) Management Fees <br /> (iii) Room rental rates <br /> (iv) Cabering an~ event charges <br /> (v) Acgnisition of revenue from FF&E/A-V <br /> (vi) Convention Center Books and Bookings <br /> (vii) Convention Center Marketing plan <br /> (viii) On-site advertising, facility naming rights, and exclusive <br /> <br /> I. Inspections~ Engineering and Utilities. Developer recognizes that <br />because of the scope of the proposed development and the construction <br />schedule Dmveloper desires, the County/Tourism Authority may he required to <br /> <br /> <br />
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