0169-24

Subject: Communication sponsored by Mayor Mason, on behalf of the City Administrator, requesting that the Mayor and City Clerk be granted permission to execute a Management Agreement for the Racine Civic Centre between the City of Racine and 5KEvents.Org, LLC under the subsidiary Festival Park, LLC, under the terms presented. Recommendation of the Finance and Personnel Committee on 02-26-2024: That the Mayor and City Clerk be granted permission to execute a Management Agreement for the Racine Civic Centre between the City of Racine and 5KEvents.Org, LLC under the subsidiary Festival Park, LLC, under the terms presented for the period ending 12/31/2025. Fiscal Note: Annual base management fee is $150,000 per year. Funding will be made available through a transfer of $70,000 from Funding 60686 52285 Operating Subsidy to account #60686 52290 Management Fee for a total of $150,000 and was approved December 5, 2023, pursuant to Resolution 1123-23.

Communication Passed Introduced February 21, 2024

What this record is

Held by: Festival Park, LLC 2 records across this site
Amount: $150K
Runs until: December 31, 2025 already ended date quoted from the award document
Type: contract

Read automatically from the title of the official record. The source document below is authoritative.