www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - July 25, 2017
July 25, 2017 - Regular Meeting
Agenda Item #22


Subject
First Amendment to the Reimbursement Agreement for funding of the 2017 World Rowing Championships

Briefings
None

Contact and/or Presenter Information

Elliott Falcione, Director, Convention and Visitors Bureau

Dan Schlandt, Deputy County Administrator



Action Requested
Authorize the County Administrator, or designee, to execute the First Amendment and Supplement to the Reimbursement Agreement for Funding of 2017 World Rowing Championships Event by and among Manatee County, Sarasota County, and Suncoast Aquatic Nature Center Associates, Inc. (SANCA).

Enabling/Regulating Authority

N/A



Background Discussion

On August 27, 2013, Manatee County entered into a reimbursement agreement with Sarasota County and SANCA for financial support of SANCA's bid for the 2017 World Rowing Championships (WRC).   The Counties agreed to provide up to $2.782 million each toward the cost should SANCA be successful in its bid for the WRC event.   On September 2, 2013, SANCA was awarded the bid for the 2017 WRC by the Federation Internationale des Societes d' Aviron (FISA).

This First Amendment to the Reimbursement Agreement provides changes to more accurately reflect the current budget and to provide flexibility needed as final plans are put into place for the event.

The Sarasota County Board of County Commissioners approved this First Amendment to the Reimbursement Agreement at their July 11, 2017 Regular Board Meeting.

The amendment and revised budget do not change the amount that the two counties will reimburse SANCA for the event.  The amount for reimbursement from Manatee County and Sarasota County remains at up to $2.782 million each.

Manatee County's reimbursement payments for the event come only from Tourist Taxes budgeted for this purpose.

Changes to the agreement include:

  • A revised budget for the 2017 WRC event
  • A modification of SANCA's fundraising obligation to focus directly on the WRC event.
  • Additional procedural measures to ensure parity for Manatee County and Sarasota County regarding their reimbursement to SANCA for the WRC event.
  • Clarification as to how a correction of any disparity in reimbursement that might occur will be remedied after the event.
  • Further definition of the role of each County's designated County Representative, especially in the area of approvals, sponsorships, and meetings.
  • Replacement of the Guaranty of Performance from Benderson Development Company, LLC establishing its financial commitments to the planning, hosting and staging of the WRC event.

Staff recommends approval of the First Amendment to the Reimbursement Agreement for  Funding of the 2017 World Rowing Championships.

 

 



County Attorney Review
Other (Requires explanation in field below)

Explanation of Other
William Clague assisted in the drafting and review of the amendment to the agreement.

Reviewing Attorney
Clague

Instructions to Board Records

Please return two originals to:
Mary S. Berkebile
Parks, Recreation and Natural Resources
Sarasota County Government
1660 Ringling Boulevard
Sarasota, FL 34236

Sarasota County will return one of the originals to SANCA.



Cost and Funds Source Account Number and Name
up to $2,782,000 for event, Tourist Development Taxes

Amount and Frequency of Recurring Costs
n/a


Attachment:  2017 World Rowing Championships - First Amendment and Supplement to Reimbursement Agreement.pdf