REPORT TO STADIUM AUTHORITY BOARD
SUBJECT
Title
Note and File - Update on Agreements related to 2019 College Football Playoff National Championship at Levi's Stadium (Stadium Authority)
Report
BACKGROUND
As presented to the Santa Clara Stadium Authority (SCSA) Board during an informational Study Session on April 24, 2018 and again as a General Business item on May 8, 2018, SCSA staff and Forty Niners Stadium Management Company (ManCo) staff have been negotiating terms for an Assignment and Assumption Agreement (Assignment Agreement) to the Bay Area Host Committee (BAHC) for the College Football Playoff (CFP) 2019 National Championship Game Agreement. SCSA and ManCo have reached agreement on the terms. The Assignment Agreement was scheduled for action by the SCSA Board on June 12, but was continued due other agenda items on that agenda (e.g., applicants for the vacant City Council Seat #5, FY 2018-19 Budget related items).
DISCUSSION
SCSA staff and ManCo staff have negotiated terms for the Assignment and Assumption Agreement (Attachment 1) that meet the direction of the SCSA Board to ensure no financial losses to SCSA. With the recommended agreements, BAHC will:
1. Pay for all CFP-related expenses for all actual public services/workforce costs (including Non-Game Day, and all pre-, during- and after-event costs), and up to double-time pay for public safety costs on event day if there are not sufficient staff supporting public safety activities signed up 60 days prior to game day.
2. Share any net revenues with SCSA, if applicable
3. Provide a complete accounting of all revenue and expenses, and possession of both soft- and hard- copy supporting documentation, for the CFP event to the SCSA Executive Director and BAHC's annual financial audits for the fiscal years that contain Stadium Authority related expenses.
Upon reaching agreement on the above terms, a new development surfaced that needs to be resolved before the SCSA Executive Director can recommend th...
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