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The Pittsburg City Council is being asked to extend its services agreement with Entertainment Lane, Inc. for the Operation and Management of the California Theatre.<\/p>\n
The amendment extends the agreement one year through June 30, 2027, modifies the compensation schedule, and increases the total not-to-exceed contract amount to $1,400,000.<\/p>\n
Entertainment Lane, Inc. has provided management and operational services for the California Theatre under the Agreement since July 1, 2023.According to the city, the compensation is for $29,166 per month and for a total funding amount of $350k for the 1-year extension.<\/p>\n
Under the new agreement, it allows reimbursement for the cost of parts necessary to repair lighting, sound, audiovisual equipment, and other theatre-related systems. The Agreement also maintains the existing revenue-sharing provision, under which the Entertainment Lane, Inc. is to receive 20% of gross theatre revenues exceeding $650,000, including grants, donations, and other applicable revenue sources.<\/p>\n
The amendment includes the following:<\/p>\n
Extends the agreement term through June 30, 2027;
\nReplaces Compensation Schedule (Exhibit B) and establishes annual compensation of $350,000, payable in monthly installments of $29,166.66;
\nAuthorizes reimbursement for parts required to repair lighting, sound, audiovisual equipment, and other theatre-related systems; and
\nContinues the existing provision allowing Entertainment Lane, Inc. to receive 20 percent of gross revenues exceeding $650,000.<\/p>\n