To

Mayor and Council

Subject

Columbus Cottonmouth's Lease Amendment

Initiator

Civic Center

Recommendation

Request approval to amend Section 8.1 (a) of the agreement with DVA Sports, \n \n L.L.C., a Georgia Limited Liability Company d/b/a the Columbus Cottonmouth's to \n \n increase concession rebate to the Cottonmouths from 25% to 50% per event.

Approval

Approved

Background

The City executed an agreement with the Cottonmouths on July 30, 2002,

effective October 1, 2001. The section of the agreement being amended requires

a 25% concession rebate to the Cottonmouths. After further review and

negotiations, the City is requesting that the concession rebate be increased

from 25% to 50% in support of maintaining this primary tenant at the Columbus

Civic Center.

Analysis

The future of the East Coast Hockey League's (ECHL) Columbus Cottonmouths is

secured for 2003-2004 at the Columbus Civic Center.

Financial Considerations

This rebate percentage change would be effective beginning 2003-2004 and is not

retroactive. This change in rebate will double the concession revenue the

Cottonmouths would normally receive each season which totaled $22,663.14 in

2002-2003. Therefore, the financial impact to the City is approximately

$22,663.14, but can be more or less based on concession sales each season.

Projected Annual Fiscal Impact Statement

Legal Considerations

The amendment requires council approval.

Recommendations/ Actions

Approve the amendment to increase the concession rebate from 25% per event to

50% per event for the Columbus Cottonmouths.

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