File #: 2021-244    Version: 1 Name:
Type: Agreement Status: Approved
File created: 6/15/2021 In control: City Council
On agenda: 6/17/2021 Final action: 6/23/2021
Title: Public Hearing - Key Risk, a Berkley Company - Performance Based Incentives City Council is requested to approve performance-based incentives up to $1,175,540 for a project with Key Risk, a Berkley Company and authorize the City Manager to execute a performance agreement containing benchmarks for the company to achieve and a schedule for the payment of such financial incentives.
Attachments: 1. 15. Public Hearing - Key Risk Performance Based Incentives, 2. Patrick Chapin (BHP) Comment Endorsing Incentives for 275 North Elm.pdf, 3. Key Risk Presentation City of High Point June 21 2021.pdf

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Public Hearing - Key Risk, a Berkley Company - Performance Based Incentives

City Council is requested to approve performance-based incentives up to $1,175,540 for a project with Key Risk, a Berkley Company and authorize the City Manager to execute a performance agreement containing benchmarks for the company to achieve and a schedule for the payment of such financial incentives.

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