6D (1) - Laserfiche WebLink

Home Browse Search

Kitson & Partners (Club Services) LLC 4500 PGA Blvd., Suite 400 Palm Beach Gardens, FL 33418 April 24, 2012 Mr. Donald Inks, Director South Bend Redevelopment Commission 1200 County -City Building South bend, Indiana 46601 Re: Blackthorn Golf Course Four Winds Invitational LPGA Symetra Tour Event August 6 —12, 2012 Dear Mr. Inks: Kitson & Partners (Club Services) LLC (the "Manager ") is the manager of the Blackthorn Golf Course (the "Course ") pursuant to that certain Operations Management Agreement dated as of January 1, 2010 (the "Management Agreement ") between the Manager and the South Bend Redevelopment Commission (the "Owner "). In recent weeks, the Owner and the Manager have been in discussions with the Ladies Professional Golf Association ( "LPGA ") Symetra Tour, specifically FGTA, LLC d /b /a Symetra Tour (the "Tour "), in an attempt to attract an LPGA Symetra Tour event to the Course. They have reached a tentative agreement with the LPGA to do so during the week of August 6 — 12, 2012 (the "Tournament "). In order to facilitate the Tournament, the Owner has agreed to act as Tournament Organizer pursuant to and in accordance with that certain Tournament Sanction Agreement between Owner and the Tour dated &;A _, 2012 (the "Event Agreement "). To enable the Owner to perform its obligations as Organizer under the Event Agreement, the Manager has agreed to accept a delegation of those duties of Organizer which relate to the operation and management of the Course in preparation for and during the Tournament with no increase in its Monthly Management Fee under the Management Agreement in consideration of and on the condition of the provisions set forth in this letter agreement below. (Capitalized terms used in this letter agreement and not otherwise defined herein shall have the meaning given to such term in the Management Agreement.) 1. The Annual Plan and Budget shall be deemed to have been amended to contemplate the Tournament and include the revenues and expenses anticipated therefrom consistent with the supplemental budget for the Tournament previously provided to the Owner by the Manager. The gross revenue from the Tournament shall be included in the Course's gross revenue for purposes of determining the Incentive Management Fee payable to the Manager under Section 17.2 of the Management Agreement.