From
Tom Cox
Title
Amendment to AirHogs Stadium Use Agreement Section 14 "Utilities and Stadium Operation Expenses" with Neltex Promotional, LLC
Presenter
Tom Cox, Deputy City Manager
Recommended Action
Approve
Analysis
The proposed amendment is to Section 14 "Utilities and Stadium Operation Expenses," to provide that gas and electricity expenses shall be the city's expense and the city will bill Neltex monthly for "Additional Rent" in the amount equal to the monthly gas and electricity expenses. (See attached amendment.)
Financial Consideration
The city will pay the gas and electric bills for the stadium upfront and will be reimbursed from Neltex in that amount as "Additional Rent."