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HomeMy WebLinkAboutM2017-185 - 11/14/2017 7 ,4 City of Corpus Christi 1201 Leopard Street Corpus Christi,TX 78401 (i(t(t"-r cctexas.com I November 14, 2017 .011 Motion: M2017-185 File Number: 17-1389 Enactment Number: M2017-185 Motion authorizing the City Manager or designee to execute a service agreement with SMG, West Conshohocken, Pennsylvania, for the management of the American Bank Center complex, in accordance with RFP No. 1222, based on the best value proposal. The agreement will be for a not-to-exceed value of $16,557,171.15 excluding capital contributions to be determined, and approximately $2,759,528.52 will be funded in FY2017-2018. The term of the agreement is from February 1, 2018 to September 30, 2023, with three additional one year options subject to the sole discretion of the City, with a total for a potential multi-year not-to-exceed amount of $24,978,169.39. Ata meeting of the City Council on 11/14/2017, this Motion was passed as amended. Aye: 7 Council Member Garza, Council Member Guajardo, Council Member Hunter, Council Member Lindsey-Opel, Council Member Rubio, Council Member Smith, and Council Member Vaughn Nay: 1 Mayor McComb Absent: 1 Council Member Molina Abstained: 0 LI (1 o: McComb, Mayor Attest: k -.,, Z �'�-. , ,4A ke.ecca Huerta, City Secretary City of Corpus Christi Printed on 11/28/17 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: November 14, 2017 Legistar Number: 17-1389 Agenda Item: Motion authorizing the City Manager or designee to execute a service agreement with SMG, West Conshohocken, Pennsylvania, for the management of the American Bank Center complex, in accordance with RFP No. 1222, based on the best value proposal. The agreement will be for a not-to-exceed value of $16,557,171.15 excluding capital contributions to be determined, and approximately $2,759,528.52 will be funded in FY2017-2018. The term of the agreement is from February 1, 2018 to September 30, 2023, with three additional one year options subject to the sole discretion of the City, with a total for a potential multi-year not-to-exceed amount of $24,978,169.39. Amount Required: $2,795,528.52 Fund Name Accounting Unit Account Activity No. Amount N . HOT 1030 13606 520130 N/A $543,191.51 HOT 1030 13605 520130 N/A $66,513.25 HOT 1030 13605 530210 N/A $25,866.26 HOT 1030 13616 530000 N/A $101,617.46 Arena Facility 1130 13822 530000 N/A $73,903.61 Visitor's Facility 4710 13610 520090 N/A $36,951.80 Visitor's Facility 4710 13610 530210 N/A $637,418.61 Visitor's Facility 4710 13610 530215 N/A $67,283.69 Visitor's Facility 4710 13610 550040 N/A $36,951.80 Visitor's Facility 4710 13615 530500 N/A $221,710.82 Visitor's Facility 4710 13625 530000 N/A $48,037.34 Visitor's Facility 4710 13625 537090 N/A $8,496.70 Visitor's Facility 4710 13625 537420 N/A $47,109.48 Visitor's Facility 4710 13625 548060 N/A $76,033.51 Visitor's Facility 4710 13600 53000 N/A $38,799.39 Visitor's Facility 4710 13600 537090 N/A $6,951.74 Visitor's Facility 4710 13600 537420 N/A $38,544.06 Visitor's Facility 4710 13600 540290 N/A $554,277.05 Visitor's Facility 4710 13600 548060 N/A $62,056.86 Visitor's Facility 4710 60010 548520 N/A $67,813.58 Total $2,759,528.52 ❑ Certification Not Required Director of Financial Services Date: NOV 1 3 2017