Fourth Amendment Signed with OVG360 for CIC Management
City of BangorCity · Bangor, ME- Disclosed value
- $8,000 per month plus 2% of gross food and beverage sales, incentive fees, and $500,000 capital contribution
- From agendapacket
- Document date
- May 4, 2026
- Renews
- Free account
The 30-second brief
Bangor and Global Spectrum, LP d/b/a OVG360 executed a Fourth Amendment to their management agreement for the Cross Insurance Center, extending the term to June 30, 2031. The amendment revises the fee structure to an $8,000 monthly management fee plus 2% of food and beverage sales and establishes a $500,000 capital contribution for revenue-generating improvements.
Global Spectrum Lp Dba Ovg360 holds this facilities contract with City of Bangor. Its other public contracts on record include work for Monroe Township School District and Nueces County.
The renewal date is on record. A free account shows it, with the renewals for every City of Bangor contract.
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Contract details
- Contract type
- Facilities
- Amount
- $8,000 per month plus 2% of gross food and beverage sales, incentive fees, and $500,000 capital contribution
- Document date
- May 4, 2026
- Term
- Five-year extension beginning July 1, 2026 and expiring June 30, 2031
- Renews
- Free account
- Agency
- City of Bangor
- Source document
- City of Bangor Government Operations Committee Agenda Packet May 2026 (AgendaPacket)
Global Spectrum Lp Dba Ovg360's other public contracts
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Questions about this contract
Who was awarded the facilities contract by City of Bangor?
Global Spectrum Lp Dba Ovg360 was awarded this facilities contract by City of Bangor, as recorded on May 4, 2026. The contract value is $8,000 per month plus 2% of gross food and beverage sales, incentive fees, and $500,000 capital contribution.
How much is the Global Spectrum Lp Dba Ovg360 contract with City of Bangor worth?
The Global Spectrum Lp Dba Ovg360 contract with City of Bangor is valued at $8,000 per month plus 2% of gross food and beverage sales, incentive fees, and $500,000 capital contribution, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in City of Bangor Government Operations Committee Agenda Packet May 2026 (AgendaPacket), dated May 4, 2026 from City of Bangor. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Global Spectrum Lp Dba Ovg360 hold?
Global Spectrum Lp Dba Ovg360 may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Bangor currently buying?
Explore City of Bangor's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.