Title
Authorization to execute a first amendment to the management agreement with the Friends of the Kentucky Theatre (FOKT) for operations of the Kentucky and State Theaters, extending the term for an additional three (3) years, with expiration on November 1, 2029. FOKT will remit 10 percent of gross receipts generated, plus additional funds for special events. (L0837-26) (Baradaran/Ford)
Summary
Authorization to execute a first amendment to the management agreement with the Friends of the Kentucky Theatre (FOKT) for operations of the Kentucky and State Theaters, extending the term for an additional three (3) years, with expiration on November 1, 2029. FOKT will remit 10 percent of gross receipts generated, plus additional funds for special events. (L0837-26) (Baradaran/Ford)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Ella Helmuth, 8-20-2026
Risk Management: No
Fully Budgeted: Revenue
Account Number: 4022-900106-0001-42450
This Fiscal Year Impact: 10% of gross receipts
Annual Impact:
Project:
Activity:
Budget Reference:
Current Balance:
Body
{COUNCIL CLERK’S OFFICE WILL COMPLETE - Body of resolution or ordinance}