File #: 19-9020    Version: 1 Name: EpicCentral Hotel
Type: Agenda Item Status: Passed
File created: 5/24/2019 In control: City Attorney
On agenda: 6/18/2019 Final action: 6/18/2019
Title: Authorize City Manager to Execute a Development Agreement with Concord Hospitality (or affiliated entity) for the development of the EpicCentral Hotel and Convention Center Project, and the accompanying Ground Lease, Convention Center Lease, and Management Agreements for the operation of the EpicCentral Hotel and Convention Center Project

From

Megan Mahan

 

Title

Authorize City Manager to Execute a Development Agreement with Concord Hospitality (or affiliated entity) for the development of the EpicCentral Hotel and Convention Center Project, and the accompanying Ground Lease, Convention Center Lease, and Management Agreements for the operation of the EpicCentral Hotel and Convention Center Project

 

Presenter

Tom Hart, City Manager

 

Recommended Action

Approve

 

Analysis

Information to be provided at the Finance and Government and Council meeting.

 

Financial Consideration

The agreement creates certain contracting and funding requirements upon execution of various other contracts, such as the CMAR contract for the convention center, for example. Funding will be available in The EPIC Central Capital Projects Fund (360093) WO #01909801 (EPIC Central Conference Center/Restaurants) at the time those secondary contracts will be executed.