www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - August 23, 2016
August 23, 2016 - Regular Meeting
Agenda Item #17


Subject
Regatta Agreement - Amendment Three

Briefings
None

Contact and/or Presenter Information

Presenter:  Elliott Falcione, Executive Director, CVB

Contact:  Monica Luff, Sr. Admin. Spec., CVB



Action Requested
Approval and authorization for the County Administrator to execute Amendment Three to the Reimbursement Agreement with Bradenton Downtown Development Authority and the City of Bradenton for reimbursement of expenditures up to $180,000 per year for up to a total of five (5) years (to June 24, 2019) for the Bradenton Area Regatta.

Enabling/Regulating Authority

Manatee Code of Laws 2-29-25  Tourist Development Plan

F.S.S. 125.0104  Authorized uses of Resort Tax Funds



Background Discussion
  • Initially, a 3-year agreement with the Bradenton Downtown Development Authority (DDA) was approved by the Board of County Commissioners on June 3, 2014, for expenditures for the Bradenton Area Regatta and amended June 9, 2015, and October 6, 2015.
  • Since the DDA is no longer in existence, the City of Bradenton will now be the sponsor of the event.
  • The CVB's FY 2016/2017 budget already includes approved funding for the 2017 Regatta.
  • Both the City of  Bradenton and the City of Palmetto approved hosting the Regatta on February 7, 2017.
  • This Amendment will also extend the duration of the initial Agreement by two (2) years, for a total of five (5) years.
  • Attendance is estimated at 90,000 with an estimated economic impact of $6 million to the urban core.
  • All funds involved are tourism taxes, NOT ad valorem taxes.


County Attorney Review
Formal Written Review (Opinion memo must be attached)

Explanation of Other


Reviewing Attorney
Clague

Instructions to Board Records

One signed agreement to Monica Luff, CVB

Copy of approved agenda memo to monica.luff@mymanatee.org, eva.galler@mymanatee.org, candice.cruz@mymanatee.org

 



Cost and Funds Source Account Number and Name
1030002202 CVB Promotions

Amount and Frequency of Recurring Costs
up to $180,000 per year (to June 24, 2019)


Attachment:  Clague Memo - Regatta.pdf
Attachment:  Regatta Agreement - Amend 3.pdf