S Pasadena
City Council
Agenda Item 8
8. CONSIDERATION OF APPROVAL OF AN INCENTIVE MANAGEMENT FEE OF\n$45,955.15 FOR FISCAL YEAR 2023-2024 TO DONOVAN BROS. GOLF, LLC BASED\nON INCREASES IN THE ANNUAL NET OPERATING INCOME\nRecommendation\nIt is recommended that the City Council consider approval of an Incentive Management\nFee (Incentive) of $45,955.15 for Fiscal Year (FY) 23/24 to Donovan Bros. Golf based on\nincreases in the annual Net Operating Income (NOI).