HomeMy WebLinkAboutM2012-183 - 10/16/2012File Number: 12 -00722
Enactment Number. M2012 -983
Corpus Christi 1201 Leopard 5t
Corpus Christi, TX 78401
CCtexas.com
Signature Copy
Motion: M2012 -183
File Number: 12 -00722
Enactment Number: M2012 -183
Motion authorizing the City Manager or his designee to execute a new five year
agreement with SMG to manage the American Bank Center under new fees, terms and
conditions, including a new base management fee and incentive fee formula, new
performance requirements, new food and beverage service provisions, and authorizing
termination of the current agreement.
At a meeting of the City Council on 10116/2012, this Motion was passed.
Aye: 7 Mayor Adame, Council Member Adler, Council Member Allen, Council
Member Leal, Council Member Marez, Council Member Martinez, and Council
Member Scott
Nay: 1 Council Member Loeb
Absent: 1 Council Member Elizondo
Abstained: 0
ATTEST: <
Joe ame, Mayor
Armando Chapa, City Secretary
Corpus Christi Page 9 Printed on 10/17/12
INDEXED
CITY OF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article IV, Sections 7 & 8)
I, the Director of Financial Services of the City of Corpus Christi, Texas (or his/her duly authorized
representative), hereby certify to the City Council and other appropriate officers that the money required
for the current fiscal year's portion of the contract, agreement, obligation or expenditure described
below is in the Treasury to the credit of the Fund specified below, from which it is to be drawn, and has
not been appropriated for any other purpose. Future payments are subject to annual appropriation
by the City Council.
City Council Action Date: Octobe 2012
Agenda Item: Motion authorizing the City Manager or his designee to execute a new five year
agreement with SMG to manage the American Bank Center under new fees, terms and conditions,
including a new base management fee and incentive fee formula, new performance requirements, and
new food and beverage service provisions, fte� cl aLt+ OyLbu 5-K-h iu�a;h art. b{ - fine. e.avru o
Amount Required: 250,000 _
Fund Name
Account No.
Fund No.
Org. No.
Project No.
Amount
Visitors Facility
(Arena)
Visitors Facility
(Convention Center/
Selena Auditorium)
530000
530000
4710
4710
13625
13600
$125,000
$125,000
Total
$250, 000
❑ Certification Not Required
Director of Financial Services
Date: i c j - i