RDA Reviews 2026 Budget Under Theatre Lease
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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.
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