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A. A deposit of 25 percent of the total use agreement rate for use of the Convention Center and theatrical venues is due and payable upon execution of the use agreement. The Director may grant an exemption from the standard deposit requirements provided a nominal deposit, as determined by the Director, is paid as consideration for reserving the space. Client must pay all remaining use agreement charges and event expenses prior to the first move-in day for their event. Any use agreement charge or service fee remaining unpaid after the due date will accrue interest at the rate of one and one-half percent per month from the due date until payment has been received by PCCD. Additionally, overdue deposits may result in cancellation of the use agreement as provided in Section 10A-3.

B. If hotels or DMO are booking and paying part or all fees on behalf of a convention event client, the Director may grant an exemption from the standard deposit requirements provided a nominal deposit, as determined by the Director, is paid as consideration for reserving the space. All charges and service fees are due and payable no later than 30 days from date of invoice.

C. The Director may accept a deposit to reserve space for an event earlier than the date that the booking guidelines permit by entering into a use agreement. (Ord. No. G-4675, §§ 1, 2(Att. A), 2005; Ord. No. G-4872, § 8, 2007; Ord. No. G-5511, § 5, 2010; Ord. No. G-5533, § 3, 2010; Ord. No. G-5894, 2014; Ord. No. G-7102, § 1, 2023. Formerly 10A-5)