[Amended 9-14-2020 by Ord. No. 61-2020]
A. The Commission, in cooperation with the City and the Reading Fightin Phils or other baseball franchise organization, shall supervise the operation of the First Energy Stadium. The Commission will assist the City and the Reading Fightin Phils or other baseball franchise organizationin identifying the capital needs and repairs for the stadium, as listed in the revised and restated lease agreement dated October 25, 1999, "lease agreement." The Commission shall define capital project with the Reading Fightin Phils or other baseball franchise organization and shall submit to the Public Works Director and City Council, no later than July 1 of each year, its recommendation for capital repairs and improvements to the stadium for inclusion in the City's operating budget and five-year capital plan.
A. The Commission, in cooperation with the City and the Reading Fightin Phils or other baseball franchise organization, shall supervise the operation of the First Energy Stadium. The Commission will assist the City and the Reading Fightin Phils or other baseball franchise organizationin identifying the capital needs and repairs for the stadium, as listed in the revised and restated lease agreement dated October 25, 1999, "lease agreement." The Commission shall define capital project with the Reading Fightin Phils or other baseball franchise organization and shall submit to the Public Works Director and City Council, no later than July 1 of each year, its recommendation for capital repairs and improvements to the stadium for inclusion in the City's operating budget and five-year capital plan.
B. The lease agreement transfers the responsibility of the beer sales from the City and the prior Stadium Commission to the Reading Fightin Phils or other baseball franchise organization. The $4,200 retained by the prior Stadium Commission to purchase beer products for the 2000 season shall be placed in an account titled “Stadium Capital” within the City’s Capital Improvement Project fund. These monies will be expended for the capital repairs to the stadium as identified by the Commission, Reading Fightin Phils or other baseball franchise organization and approved by the Public Works Operations Division Manager, as outlined in the lease agreement. This account will remain independent from all other City accounts and funds and will not be combined with the City’s general fund at the end of any fiscal year. The City administration will appropriate a minimum of $5,000 per year in this account for each fiscal year.
C. The Commission will supply a copy of all meeting minutes to the City Clerk and shall make an annual report to Council on the operations of the Commission.