Contract Request Template (Contracts; IGAs; Leases)
Date Submitted: 01-23-18
Requesting Agency: Arts and Venues
Division:
▪ Name: Tad Bowman
▪ Phone: 720-865-2488
▪ Email: tad.bowman@denvergov.org
Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney’s Office should enter the title above the description (the title should be in bold font).
Both the title and description must be entered between the red “title” and “body” below. Do not at any time delete the red “title” or “body” markers from this template.
title
A resolution approving a proposed Fourth Amendatory Agreement, between the City and County of Denver and AEG Live - Rocky Mountains, LLC, to add funds and extend the term.
Amends a contract with AEG Live-Rocky Mountains, LLC to add $2.5 million for a new contract total in the amount of $8.9 million and to add one year for a new end date of 12-31-18 to promote and book live concerts and events at the Denver Coliseum and Red Rocks Amphitheatre (THTRS-201313532-04). The last regularly scheduled Council meeting within the 30-day review period is on 3-5-18. The Committee approved filing this resolution by consent on 1-31-18.
body
Affected Council District(s) or citywide?
Contract Control Number: THTRS-201313532-04
Vendor/Contractor Name (including any “DBA”):
Type and Scope of services to be performed:
This resolution will approve a contract amendment for the Denver Arts & Venues Promoter Commission Program to induce the Promoter to host events in City venues. The venues in question are in Council District 9 (Denver Coliseum and Red Rocks Amphitheatre). The contract amendment continues a commission program to incentivize Promoter to promote and book live concerts and events at the Denver Arts & Venues facilities. The purpose of this commission program is to increase revenues to the City in the form of ticket sales and concessions. This program is essentially the same as the program used in calendar years 2014-2017 and the amendment will cover the 2018 event season.
Location (if applicable):
WBE/MBE/DBE goals that were applied, if applicable (construction, design, Airport concession contracts):
Are WBE/MBE/DBE goals met (if applicable)?
Is the contract new/a renewal/extension or amendment?
Was this contractor selected by competitive process or sole source?
For New contracts
Term of initial contract:
Options for Renewal:
How many renewals (i.e. up to 2 renewals)?
Term of any renewals (i.e. 1 year each):
Cost of initial contract term:
Cost of any renewals:
Total contract value council is approving if all renewals exercised:
For Amendments/Renewals Extensions:
Is this a change to cost/pricing; length of term; terms unrelated to time or price (List all that apply)?
If length changing
What was the length of the term of the original contract? Four years
What is the length of the extension/renewal? One years
What is the revised total term of the contract? Five years
If cost changing
What was the original value of the entire contract prior to this proposed change? $6,400,000
What is the value of the proposed change? $2,500,000
What is the new/revised total value including change? $8,900,000
If terms changing
Describe the change and the reason for it (i.e. compliance with state law, different way of doing business etc.)