Agenda Item Request:
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Authorize the County Manager to process the 2024-2025 Oak View Group Cross Insurance Arena management financial incentive.
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Background and Purpose of Request:
Annually the Cross Insurance Arena Board of Trustees makes a recommendation to the County Commissioners on the annual incentive to benefit Oak View Group, the management company who oversees the Arena. The incentive is a contractual obligation and has multiple benchmarks to guide the incentive process.
The 2024-2025 financial incentive is $118,509.00.
For a full explanation of the benchmarks and the process behind the establishment of the incentive, please refer to the attached document.
Funding Amount and Source: 2025-2026 General Fund Budget - Cross Insurance Arena