7b supp
Item No. __7b_Supp______ Date of Meeting ___August 9, 2011____ Staff Briefing August 9, 2011 Background and History Conference and Event Facilities World Trade Center International Conference Center Cruise Terminal Smith Cove Cruise Terminal Major Government Events The Industry and the Agreement Current and Future State of the Industry Nationwide Request for Qualifications/Request for Proposal Selection Process Conference Center Consulting Group support Agreement Structures Considered Leases Multiple Management Agreements Single Comprehensive Management Agreement Category III Personal Services Agreement Proposed Major Business Terms Ten Years with One Ten-Year Renewal Option Management Fee between 4% to 7% of gross revenue Facilities included Option to Add Temporary Space Option to Reduce Space Port Investment for Improvements Manager's Employees Revenue and Expenses Rebates and Discounts Related-Party Transactions Manager Termination Next Steps Request Commission authorization to execute new Conference and Event Center Management Agreement at subsequent meeting
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