PROFESSIONAL_SERVICESAPPROVED

keokuk-housing-authority-agenda-2024-10-17_394.pdf

Aquatic Center Management Agreement Awarded to Hoerner YMCA

$25,000.00 management fee with additional deficit coverage of $35,000.00Keokuk Housing AuthorityHOERNER YMCAOctober 17, 2024

Trusted by teams at

Description

The City of Keokuk approved a management contract with Hoerner YMCA for operation of its aquatic center, providing a $25,000 annual management fee and covering operating deficits up to $35,000. The initial contract term is one year, followed by a five-year renewal period unless terminated.

Contract Details

Contract Amount

$25,000.00 management fee with additional deficit coverage of $35,000.00

Vendor

HOERNER YMCA

Agency

Keokuk Housing Authority, IA

Contract Type

PROFESSIONAL_SERVICES

Document Date

October 17, 2024

Contract Term

Initial term 1 year from execution; after 1st year, 5-year term or until terminated by notice

Renewal Date

2025-10-17

Renewal Info

Initial contract term is one year, to be reviewed and potentially revised after year one. Subsequent term is five years, with termination possible by either party given written notice before November 30 of operational year.