Approval of a Memorandum of Understanding with Boulevard Music to Produce a Minimum of Four Concerts during the 2012 Summer Months for the Culver City Boulevard Music Festival in the Courtyard of City Hall. MEETING DATE: (cid:9) February 27 2012 AGENDA ITEM: Approval of a Memorandum of Understanding with Boulevard Music to Produce a Minimum of Four Concerts during the 2012 Summer Months for the Culver City Boulevard Music Festival in the Courtyard of City Hall ATTACHMENTS 1. City's letter to Mr. Mandell dated February 17 2012. (cid:9) 2. Mr. Mandell's e mail to Mr. Nachbar dated February 20 2012 Pages 1 2 3 (cid:9) Attach/rein I 1 CITY MANAGER'S OFFICE CITY OF CULVER CITY 9770 CULVER BOULEVARD CULVER CITY CALIFORNIA 90232 0507 (310) 253 6000 FAX (310) 253 6010 JOHN M. NACHBAR City Manager February 17 2012 Mr. Gary Mandell Boulevard Music 4316 Sepulveda Blvd. Culver City CA 90230 Subject: (cid:9) 2012 Proposed Culver City Boulevard Music Festival Dear Mr. Mandell: Thank you very much for taking the time to provide some background information about last year's concert production costs and your ideas to obtain sponsors and alternate funding. The purpose of this letter is to outline our common understanding of the fundamental deal points of what will be a formalized License Agreement or Memorandum of Understanding between Boulevard Music and the City for this year's summer concerts. As we discussed it is our plan to place this item on the February 27 2012 City Council agenda. Please let me know if the following meets with your approval. Budget Boulevard Music is proposing to produce four unique concerts to take place during the 2012 summer months. According to your cost estimate of February 3 2012 the following table shows an outline of your costs and revenues: Two Shows Volunteer setup Three Shows Volunteer setup Four Shows Volunteer setup Cost $ 7 610 $ 10 390 $ 13 170 Revenue $ 9 500 $ 9 500 $ 9 500 Balance/(Shortfall) $ 1 890 $ (890) $ (3 670) It is our understandin...
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