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County Administrator's Report 12. 17.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	05/21/2015
Issue: Amendment to the SMG Management Services Agreement for the Pensacola Bay Center
From:	Amy Lovoy
Department:	County Administrator's Office
CAO Approval:

RECOMMENDATION:

Recommendation Concerning the Amendment to the SMG Management Services Agreement for the Pensacola Bay Center - Amy Lovoy, Interim Assistant County Administrator

That the Board approve and authorize the Chairman to sign the Amendment to the Management Services Agreement between Escambia County, Florida, and SMG for the Pensacola Bay Center (formerly Pensacola Civic Center), with the Management Services Agreement amended as follows:

A. Changing the effective end date of the Agreement to September 30, 2022;

B. Accepting a straight-line, non-cash, amortized, 7-year loan contribution for facility and operational enhancement, in the amount of $350,000, from SMG to Escambia County; and

C. Allowing for the negotiation of an adjusted benchmark used to determine the SMG annual incentive fee in the event of an increase to net operating loss, due to the Pensacola Bay Center Ice Hockey Lease between Escambia County, Florida, and Pensacola Ice Flyers.

BACKGROUND:

On August 21, 2014, the Board approved the extension of the SMG Management Services Contract for the Pensacola Bay Center through September 30, 2017, which was a stipulated two-year extension of the agreement. At the March 12, 2015 Committee of the Whole, the Board directed staff to move forward with extending the SMG contract as well as negotiating the Ice Flyers lease agreement.

BUDGETARY IMPACT:

N/A

LEGAL CONSIDERATIONS/SIGN-OFF:

The Amendment has been prepared by the County Attorney Office, and approved as to form and legal sufficiency.

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

Board policy requires approval for all such amendments to contracts and agreements.

IMPLEMENTATION/COORDINATION:

N/A

Attachments
Amendment to SMG Bay Center Agreement