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Subject: (Direct Referral) Communication from the City Administrator requesting that the City extend a contract offer to VenuWorks of Racine for the continued management of the Racine Civic Centre. (Res. 11-2868)
Recommendation of the Finance & Personnel Committee on 12-12-11: That the City enter into a three-year Management Agreement with VenuWorks, of Racine, LLC for the continued management, operation and marketing services of the Racine Civic Centre.
Fiscal Note: The current management fee of $70,000 will continue in 2012 and will adjust annually thereafter by the Consumer Price Index. The agreement provides for one two-year extension at the City's discretion.