File #: A 23-151    Name: A3 to Choura Events Standard Agreement
Type: BoS Agreement Status: Passed
File created: 4/25/2023 In control: Board of Supervisors
On agenda: 5/9/2023 Final action: 5/9/2023
Title: Approve and authorize the Monterey County Laguna Seca Representative to execute Amendment #3 to the Standard Agreement between Choura Events and the County of Monterey for a Temporary Hospitality Structure at WeatherTech(r) Raceway at Laguna Seca to set payment terms for racing season 2023 for the annual lease payments totaling $450,000, which does not alter the term and not-to-exceed amount per original agreement authorized by the Board in 2019.
Attachments: 1. Board Report, 2. Attachment A - A3 to Agreement, 3. Attachment B - A2 to Agreement, 4. Attachment C - A1 to Agreement, 5. Attachment D - Standard Agreement, 6. Completed Board Order Item No. 34
Related files: A 21-106, A 19-377, A 19-093
Title
Approve and authorize the Monterey County Laguna Seca Representative to execute Amendment #3 to the Standard Agreement between Choura Events and the County of Monterey for a Temporary Hospitality Structure at WeatherTech(r) Raceway at Laguna Seca to set payment terms for racing season 2023 for the annual lease payments totaling $450,000, which does not alter the term and not-to-exceed amount per original agreement authorized by the Board in 2019.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
Approve and authorize the Monterey County Laguna Seca Representative to execute Amendment #3 to the Standard Agreement between Choura Events and the County of Monterey for a Temporary Hospitality Structure at WeatherTech(r) Raceway at Laguna Seca to set payment terms for racing season 2023 for the annual lease payments totaling $450,000, which does not alter the term and not-to-exceed amount per original agreement authorized by the Board in 2019.

SUMMARY/DISCUSSION:
This request supports the use of Choura Events (Choura) for the provision of the Temporary Hospitality Structure at WeatherTech(r) Raceway at Laguna Seca (WRLS). The County previously entered into an agreement with Choura for the installation of the Temporary Hospitality Structure for term beginning May 1, 2019 through April 30, 2024, with a not-to-exceed amount of $5,650,000.
Amendment #1 was subsequently done in October 2019 to avoid disassembly of the temporary hospitality structure between the 2019 and 2020 racing seasons, to amend the payment schedule for the 2020 racing season and provided other terms for the protection of the structure during the period November 1, 2019 through March 2020. In addition, Amendment #1 clarified that the Agreement will be for a period of five (5) racing seasons from April 9, 2019 through October 31, 2023, replacing the original term from May 1, 2019 to April 30, 2024.

Amendment #2 followed for additional changes in April 2021 reducing the...

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