City Council

11. Approve the Concessions Agreement with OC Sports & Entertainment, LLC (OCSE), with an\nannual commission paid to the City that is the greater of (i) seventy-five percent of operating\nprofits or ii) a $750,000 guaranteed minimum annual payment, with OCSE being responsible for\nany and all operating losses for the exclusive booking and event operations at the City National\nGrove of Anaheim for a three year term with up to two one-year renewals upon mutual consent;\napprove the Parking License Agreement with OCSE for the parking operations at the Grove for a\nterm of three years with up to two one-year optional renewals with an annual parking license fee\npaid to the City, in the amount of $265,000 for the first year, increased annually thereafter by the\nConsumer Price Index for the Los Angeles-Long Beach-Anaheim area (CPI); and authorize the\nExecutive Director of the Convention, Sports & Entertainment Department to execute related\ndocuments and to take the necessary actions to implement and administer the agreements and\nexecute any optional renewals.\n4 September 24, 2024