My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
5.A1 Operations & Management Agreement
sbend
>
Public
>
Redevelopment Commission
>
Agendas & Packets
>
2010
>
01-15-10 Packet
>
5.A1 Operations & Management Agreement
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/1/2010 11:16:35 AM
Creation date
1/12/2010 4:17:56 PM
Metadata
Fields
Template:
General
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
37
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
procedures and generally-accepted accounting principles that meet with Owner's <br />reasonable approval. Owner and its duly authorized representatives, including the State <br />Board of Accounts, shall have the right, at any time, to examine all account books and <br />records and all other documents and materials in the possession of Manager or under the <br />control of Manager with respect to any aspect of the operation and/or maintenance of the <br />Golf Course and shall have free and full access thereto for the purpose of making copies <br />thereof. Manager shall provide Owner with written accounting reports on a monthly basis, <br />in such form and containing such information as reasonably determined by Owner. <br />6.5 Ownership of Accounting Records and On-Site Equipment. Upon <br />termination of this Agreement for any reason, all source documents, work papers, <br />financial statements, and other supporting materials, documents, and the like shall be and <br />remain the property of Owner. Any on-site equipment or systems purchased by Owner, <br />such as cash registers or computers, also shall be and remain property of Owner. <br />Complete financial statements shall be furnished by Manager to Owner through the <br />month of termination of this Agreement. <br />SECTION 7 <br />DUTIES, AUTHORITY, AND RESPONSIBILITIES OF MANAGER <br />7.1 Duties, Authority, and Responsibilities of Manager. On and after the <br />Commencement Date, except as expressly set forth herein, Manager, acting as Owner's <br />agent and on behalf of Owner, shall be responsible for the management and operation of <br />the Golf Course. Manager shall have the authority and responsibility to exclusively <br />operate and manage the Golf Course and supervise Owner-approved capital <br />improvements as hereinafter provided in such manner as it, in its professional discretion, <br />deems most likely to accomplish the objectives set forth in the Annual Business Plan and <br />Annual Operating Budget in accordance with this Agreement. The responsibilities of <br />Manager under this Agreement shall include, without limiting the generality of the <br />foregoing, the following: <br />Prepare and submit for Owner approval, a proposed Annual Business Plan and <br />Annual Operating Budget by October 15 of the year prior to the Plan & Budget <br />year. <br />b. Employ, either directly or through a third-party professional employer or <br />employee leasing company, all personnel required for the operation and <br />maintenance of the Golf Course in accordance with the Annual Business Plan and <br />Annual Operating Budget and otherwise on terms approved by Owner. Such <br />employees shall be employees of Manager and not of Owner or the Golf Course. <br />Owner shall have the right to require Manager to discharge from any Golf Course <br />duties an employee which Owner reasonably deems unsuitable for employment at <br />the Golf Course, provided, such termination would not, in the opinion of <br />-12- <br />
The URL can be used to link to this page
Your browser does not support the video tag.