REPORT TO STADIUM AUTHORITY BOARD
SUBJECT
Title
Informational Report on 2020 Stadium Operation and Maintenance Plan [Board Pillar: Enhance Compliance with J and Manage Levi's Stadium]
Report
BACKGROUND
The Stadium Lease Agreement, Stadium Operations Agreement, and Stadium Management Agreement require that the Stadium Manager (e.g., Forty Niners Management Company) prepare a Stadium Operation and Maintenance Plan each year as part of the budget development process. The Stadium Operation and Maintenance Plan includes the Annual Shared Stadium Expense Budget, Annual Public Safety Budget, and Capital Expenditure Plan. The Agreements sections read as follows:
Section 7.2 Stadium Management Company of the Stadium Lease Agreement - The Stadium Authority and Tenant have employed the 49ers Management Company as the initial Stadium Manager pursuant to the Initial Stadium Management Agreement. Without limiting the fore going, the Stadium Manager shall be responsible for preparing the Stadium Operation and Maintenance Plan, including the Annual Shared Stadium Expense Budget, Annual Public Safety Budget and the Capital Expenditure Plan, which shall be presented annually to the Stadium Authority and Tenant for their consideration and approval as described below. Upon the expiration or earlier termination of the Initial Stadium Management Agreement, Tenant and the Stadium Authority shall cooperate in good faith and work together to solicit and select any successor Stadium Manager and to negotiate the related Stadium Management Agreement. Further, Landlord and Tenant shall each be entitled to (a) participate in the determination of the criteria for, and selection of, the Stadium Manager and (b) attend, and participate in, all meetings and negotiations with any prospective Stadium Manager. Landlord and Tenant shall each approve the Stadium Manager and the Stadium Management Agreement, which approval shall not be unreasonably withheld.
Section 3.1 Stadium Manager of the Stadi...
Click here for full text