S Pasadena

City Council

April 17, 2024 Item #16

Agenda Item 16

16. CONSIDERATION OF AN INCENTIVE MANAGEMENT FEE OF $18,563.67 FOR FISCAL YEAR\n2022/2023 BASED ON INCREASES IN THE ANNUAL NET OPERATING INCOME FOR\nDONOVAN BROS. GOLF, LLC\nRecommendation\nIt is recommended that the City Council consider an Incentive Management Fee (Incentive of\n$18,563.67 for Fiscal Year (FY) 2022/2023 based on increases in the annual Net Operating\nIncome (NOI) for Donovan Bros. Golf, LLC (Donovan).\nPUBLIC HEARING