FACILITIESONGOING

Centerville Redevelopment Agency Agenda November 2025

RDA Reviews 2026 Budget Under Theatre Lease

City of CentervilleCENTERPOINT LEGACY THEATRENovember 18, 2025

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Description

The Centerville Redevelopment Agency is scheduled to review the 2026 annual operating and reserve budgets submitted by CenterPoint Legacy Theatre under the existing Lease Operating Agreement. The agreement requires RDA approval of the theatre’s maintenance-related budget items each year before final adoption by the Association.

Contract Details

Vendor

CENTERPOINT LEGACY THEATRE

Agency

City of Centerville, UT

Contract Type

FACILITIES

Document Date

November 18, 2025

Contract Term

Annual budget for 2026, to be reviewed by November 25, 2025 and adopted by December 20, 2025

Renewal Date

2025-12-20

Renewal Info

Lease Operating Agreement Section 30 requires CenterPoint Legacy Theatre to prepare and submit annual budgets by November 25, with RDA and ACB review and recommendations through December 10 and final adoption by December 20 each year; maintenance-related budget components remain subject to explicit RDA approval prior to adoption. This is an ongoing annual budget review obligation under the lease, not a one-time contract.