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City Council Memorandum <br /> City �1"Arts&Inn,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,., <br /> TO: HONORABLE MAYOR AND CITY COUNCIL DATE: July 24, 2012 <br /> FROM: OFFICE OF ECONOMIC DEVELOPMENT ITEM NO: 13 <br /> WARD: All <br /> SUBJECT: PROPOSED AMENDMENT TO THE MANAGEMENT AND OPERATIONS <br /> AGREEMENT WITH ENTREPRENEURIAL HOSPITALITY CORPORATION TO <br /> INCLUDE A RIVERSIDE SPORTS COMMISSION WITHIN THE RIVERSIDE <br /> CONVENTION AND VISITORS BUREAU SCOPE OF SERVICES BEGINNING IN <br /> FISCAL YEAR 2012113 <br /> ISSUE: <br /> The issue before the City Council is whether to direct staff to negotiate an amendment to the <br /> Management and Operations Agreement (Agreement) with Entrepreneurial Hospitality <br /> Corporation (EHC) to include a Riverside Sports Commission within the Riverside Convention & <br /> Visitors Bureau (RCVB) scope of services beginning in fiscal year 2012/13. <br /> RECOMMENDATION: <br /> That the City Council <br /> 1) Direct staff to prepare an amendment to the City's current Agreement with <br /> Entrepreneurial Hospitality Corporation (EHC) to include a Riverside Sports <br /> Commission within the Riverside Convention & Visitors Bureau (RCVB) scope of <br /> services beginning in fiscal year 2012/13, and include a provision for compensation, <br /> payable upon execution of the amendment, in the amount of $100,000 to EHC for the <br /> creation and operation of the Riverside Sports Commission in fiscal year 2012/13; and <br /> 2) Return to City Council for approval of the amendment. <br /> COMMITTEE RECOMMENDATION: <br /> On June 21, 2012, the Development Committee (Chair Gardner, Vice Chair Adams, and Member <br /> Mac Arthur), received a report presented by the Office of Economic Development in conjunction <br /> with the RCVB, regarding a proposal to create a Riverside Sports Commission to be operated <br /> within the RCVB beginning in fiscal year 2012/13. The Committee unanimously recommended <br /> that the City Council direct staff to negotiate an amendment to the Management and Operations <br /> Agreement with EHC. <br /> 13-1 <br />