Village of Sands Point

Village of Sands Point

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This Professional Services Agreement, effective February 1, 2014, is between The Incorporated Village of Sands Point and Kemper Sports Management, Inc. (KSM). KSM is engaged to provide professional services for 'The Village Club of Sands Point,' primarily acting as the employer for the Club's professional staff (excluding golf course maintenance) for payroll, benefits, and tax purposes, and offering recreational facility consulting. The initial term is five years, concluding on February 1, 2019. KSM receives an annual professional services fee of $66,000, which increases by 3% annually, while the Owner is responsible for all operating expenses and advances for payroll and benefits.

Village of Sands Point

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This Second Amendment extends the Professional Services Agreement between The Incorporated Village of Sands Point and Kemper Sports Management, Inc. until December 31, 2023, effective November 1, 2020. It revises sections pertaining to the management of the Club and Property, operating and capital expenditure budgets, and includes an updated termination clause.

Village of Sands Point

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This document is a Revised First Amendment to the Professional Services Agreement between The Incorporated Village of Sands Point (Owner) and Kemper Sports Management, Inc. (KSM). It updates the terms for KSM's management services of 'The Village Club of Sands Point'. Key changes include revising the contract term to terminate on the third anniversary of November 1, 2017, detailing KSM's management responsibilities, outlining the Owner's financial advances and expenditures, establishing a monthly professional services fee of $11,500 for KSM with potential annual incentive fees, capping out-of-pocket expenses at $10,000 annually (with a $6,000 cap for the first 90 days), and amending insurance and indemnification provisions. The amendment ensures all other original agreement terms remain in effect.