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Vendor says guaranteed revenue will roughly match current netting; exact figure not specified
Summary
City Manager Fredda Wheeler said Rick Durham and his company guaranteed a dollar amount close to current netting for Reflections Event Center operations, but the transcript does not state the exact figure; parking and scheduling questions were raised. The commission referred the proposal to the Regular meeting.
City Manager Fredda O. Wheeler told commissioners that Finance Director Becky Bohannon helped analyze numbers and that "Mr. Durham and his Company has guaranteed the City a dollar amount that is very close if not a little more with what we are netting now." The work session transcript does not include a specific dollar figure; Wheeler said more financial detail will be provided as the proposal advances to the Regular meeting.
Commissioner Gail Fry raised parking concerns, saying parking limits could prevent use of multiple venues at the same time. Durham replied he does not propose simultaneous events and that his percentage split covers marketing, tours and staffing. Commissioners asked staff to include financial guarantees and operational details when the item returns for formal consideration.
