Special City Council Meeting April 21st 2026

Seminole Municipal Authority / City Council (special meeting) · April 22, 2026

0:00/1:14

1:14:23

0:00

20:00

40:00

1:00:00

1:10:00

Meeting opening and contract context

Presentation

1:20 → 2:22(1m 3s)

Staff member opened the meeting, reviewed background: tax-exempt bonds issued to build the facility, Hay Day selected through RFP, and explained lawyers advised avoiding references to net income/net profit to maintain tax-exempt status.

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The Seminole authority met to finalize an operating agreement with Hay Day (a private operator) for a new entertainment facility, approving contract language changes including striking an indemnify clause, adding reimbursement and insurance provisions, and later approved a $49,000 TIF invoice to RCL Development.

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Transcript

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