UPDATE @ 8:45 p.m.: The council unanimously approved an exclusive naming rights deal with a local business owner for the VIP area of the $18 million Huber music center.
The agreement is with city resident Mike Seibert, president of Circuits & Cables in Vandalia that will pay the city $40,000 annually for the first five years of the deal.
The amount generated from the sponsorship will cover the annual debt service for the VIP project. The contract will take effect Jan. 1, 2015, and continue through Dec. 31, 2019. There is an option to extend the deal for an additional five years, with the annual amount of $45,000 to $55,000, according to the agreement.
The venue will be called "Circuits & Cables VIP Area."
FIRST REPORT: The City Council on Monday night approved more than $1.25 million in VIP area and concession stand upgrades to the $18 million Huber Heights music center.
After two months of discussion and five readings, the council passed three pieces of legislation -- $400,000 for the VIP area, $99,000 for VIP improvements and $758,880 for concession stand upgrades.
Each passed unanimously.
City officials have said all along that the upgrades will pay for themselves in increased concession revenue and sponsorship opportunities, and no general fund money will be used to pay for the projects.
Construction of the covered 4,500-seat music center, at 6800 Executive Boulevard, is expected to be completed by the end of the year.
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