HomeMy WebLinkAbout4708 - MINUTE ORDERS - 2/6/1991 MINUTE ORDER NO. 4708
APPROVING AN AGREEMENT WITH SENCA PALM
SPRINGS, INC. FOR OPERATING THE PALM
SPRINGS CONVENTION CENTER FOR THE PERIOD
BEGINNING ON THE DATE THIS AGREEMENT
IS APPROVED THROUGH APRIL 30, 1992,
AND FOR PROJECT MANAGEMENT SERVICES
RENDERED FROM NOVEMBER 1, 1990 THROUGH
APRIL 30, 1992, RELATED TO A 35,000
SQ. FT. EXPANSION OF THAT FACILITY,
FOR A FIXED COST OF $201,335, PLUS
REIMBURSABLE EXPENSES NOT TO EXCEED
$22,824, PLUS $13,450 IN OVERHEAD,
PLUS A PROJECT MANAGEMENT INCENTIVE
FEE OF $75,000„ PAYABLE AFTER VARIOUS
SPECIFIC CONDITIONS HAVE BEEN SATISFIED,
PLUS AN OPERATIONS INCENTIVE FEE TO
BE BASED ON IMPROVED FINANCIAL RETURNS
RESULTING FROM INCREASED CONVENTION
HOTEL BOOKINGS AND CENTER OPERATIONS.
I HEREBY CERTIFY that this Minute Order, approving an agreement.
with SENCA Palm Springs, Inc. for operating the Palm Springs
Convention Center for the period beginning on the date this
Agreement is approved through April 30, 1992, and for project
management services rendered from November 1, 1990 through
April 30, 1992, related to a 35,000 sq. ft. expansion of
that facility, for a fixed cost of $201,335, plus reimbursable
expenses not to exceed $22,824, plus $13,450 in overhead„
plus a project management incentive fee of $75,000, payable
after various specific conditions have been satisfied, plus
an operations incentive fee to be based on improved financial
returns resulting from increased convention hotel bookings
and center operations, was adopted by the City Council of
the City of Palm Springs, California, in a meeting thereof
held on the 6th day of February, 1991.
JU
C��
DITH SUMICH
City Clerk