HomeMy WebLinkAbout032877 RES - 09/20/2022Resolution authorizing two management agreements for the American Bank
Center, one with Global Spectrum, L.P., dba OVG360, for management of the
facility, with an estimated annual base management fee of $144,000 adjusted
annually and the possibility to earn additional incentive fees, and one with
Ovation Food Services of Texas, LLC for management of the food and
beverage services at the facility with an estimated annual management fee
of $240,000, each for an initial term of five years, beginning October 1, 2022,
with an option to renew for an additional five years.
WHEREAS, the City is securing two long-term agreements for the management of
the American Bank Center one with Global Spectrum, L.P., dba OVG360, for
management of the facility and one with Ovation Food Services of Texas, LLC for
management of the food and beverage services at the facility;
WHEREAS, State law provides that such procurements, as outlined above, are
generally subject to statutory procurement requirements, including competitive bids,
unless an exception applies;
WHEREAS, there is a statutory exception for this procurement in Local
Government Code, Section 252.022(a) (2), as this purchase is necessary to preserve of
protect the public health and safety of the City's residents; and
WHEREAS, there is a statutory exception for this procurement in Local
Government Code, Section 252.022(a) (4), to the extent that this purchase is a
procurement of professional services.
Be it resolved by the City Council of the City of Corpus Christi, Texas:
Section 1. The City Council specifically finds that the foregoing statements included in
the preamble of this resolution are true and correct and adopts such findings for all intents
and purposes related to the authorization of this procurement.
Section 2. The City Manager, or designee, is authorized to execute all documents
necessary to secure two management agreements for the American Bank Center, one
with Global Spectrum, L.P., dba OVG360, for management of the facility, with an estimated
annual base management fee of $144,000 adjusted annually and the possibility to earn
additional incentive fees, and one with Ovation Food Services of Texas, LLC for
management of the food and beverage services at the facility with an estimated annual
management fee of $240,000, each for an initial term of five years, beginning October 1,
2022, with an option to renew for an additional five years.
032 817
Page 1 of 2
SCANNED
PASSED AND APPROVED on the 2.6 day of r4-Q(, 2022:
Paulette Guajardo
Roland Barrera
Gil Hernandez
Michael Hunter
Billy Lerma
John Martinez
Ben Molina
Mike Pusley
Greg Smith
ATTEST:
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A"1/Q-
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Rebecca Huerta
City Secretary
OF CORPUS CHRISTI
Paulette Guajardo
Mayor
03201 Al
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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: September 20, 2022 Legistar Number: 22-0947
Agenda Item:
Resolution authorizing two management agreements for the American Bank Center, one with Global Spectrum,
L.P., dba OVG360, for management of the facility, with an estimated annual base management fee of $144,000
adjusted annually and the possibility to earn additional incentive fees, and one with Ovation Food Services of
Texas, LLC for management of the food and beverage services at the facility with an estimated annual
management fee of $240,000, each for an initial term of five years, beginning October 1, 2022, with an option to
renew for an additional five years.
Amount Required: $384,000.00
Fund Name
Accounting Unit
Account No.
Activity No.
Amount
Visitors Facilities
Fund
4710-13600-734
530000
13600
$ 144,000.00
Visitors Facilities
Fund
4710-13600-734
530000
13625
$240,000.00
Total
$ 384,000.00
o Certification Not Required
Director of Financial Services
Date: 9 �� ��