Monarch Bay
July 2024 - June 2025 Fiscal Year
AGC Management Incentive fees
Course EBITDA (July 2024-June 2025) $1,297,595.48
Incentive accrual reversal $136,898.87
Total NOI Exclusions $136,898.87
Adjusted NOI $1,434,494.35
Baseline $750,000.00
NOI over Baseline $684,494.35
Incentive Fee % 20%
Total Incentive Earned $136,898.87
Attachment B
B - Incentive Payment Calculation Statement
San Leandro City Council
December 15, 2025
- Document
- B - Incentive Payment Calculation Statement
- Meeting
- December 15, 2025
- Body
- San Leandro City Council
- Original file
- 263 KB
Text extracted from the city's file for reading and search. Open the original on legistar1.granicus.com. That file is the official record.