Agenda Item Request:
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Recommend to the County Commissioners approval of the 2024-2025 OVG Financial Incentive
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Background and Purpose of Request:
The OVG management contract has a provision that provides for an annual incentive based on how the local management staff performed during the year. The incentive is broken down into three categories that are scored (Financial Fee, Food & Beverage and Qualitative).
Each year the General Manager presents the County Manager with the numbers associated with the Financial and Food and Beverage as those two categories are fixed through formula based off the annual management fee. The Qualitative Fee is discretionary and is initially established by the County Manager and through a follow-up meeting with the General Manager.
The Trustees are being asked to make a recommendation to the County Commissioners on this annual incentive process.