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Title:
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(CD 7) Authorize Execution of a Qualified Management Agreement with Gendy Street Management Corp. for Management of the Will Rogers Memorial Center for an Initial Term of Ten Years Beginning on October 1, 2026, with two, five-year renewal terms, an Annual Management Fee of $120,000.00 and Annual City Funding for Net Operating Expenses in an Estimated Amount of $8,060,304.00 for the First Year and Funding for Net Operating Expenses to be Adjusted in Future Years Based on Changes to the Consumer Price Index, and Adopt Appropriation Ordinance In the Amount of $2,450,000.00 for the Purpose of Increasing the Separation Leave Budget for Employees Transitioning to Gendy Street Management Corp. and Reimbursing Pre-Fiscal Year 2027 Transition Expenses
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