0560-26

Subject: (Direct Referral) Communication sponsored by Mayor Mason, 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 its subsidiary Festival Park, LLC, under the terms presented. Recommendation of the Mayor: That the Mayor and City Clerk be authorized and directed to execute a Management Agreement for the Racine Civic Centre between the City of Racine and 5KEvents.Org, LLC, under its subsidiary Festival Park, LLC, under the terms presented, for the period ending December 31, 2027. Fiscal Note: This item will require an amendment to the City of Racine 2026 annual budget. Annual base management fee is $150,000 per year. Annual operating subsidy is $225,000 for 2026 and $237,000 for 2027. Funding for the 2026 management fee from Account 60686 52290 Management Fee, was authorized under the 2026 annual budget. Funding for $200,000 of the 2026 operating subsidy from Account 60686 52285 Operating Subsidy was authorized under the 2026 annual budget. The additional $25,000 of the 2026 subsidy, and an additional $30,000 for two specified veterans’ events will be transferred from Account 11202 56200 Contingency to Account 60686 52285 Operating Subsidy. The 2027 management fee and operating subsidy will be authorized under the 2027 annual budget.

Communication Passed Introduced June 12, 2026

What this record is

Held by: Festival Park, LLC 2 records across this site
Amount: $200K
Runs until: December 31, 2027 1 years away date quoted from the award document
Type: amendment

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