www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - October 6, 2015
October 6, 2015 - Regular Meeting
Agenda Item #21


Subject
Amendment Two to Bradenton Downtown Development Authority Agreement for the Bradenton Area Riverwalk Regatta Event

Briefings
None

Contact and/or Presenter Information

Elliott Falcione, CVB Executive Director (Presenter), x5913

Monica Luff, CVB Sr. Admin. Spec. (Contact), x5913



Action Requested
Approval and authorization for Ed Hunzeker, County Administrator, to execute Amendment Two to the Reimbursement Agreement with Bradenton Downtown Development Authority (BDDA).

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
  • This amendment reallocates $25,000 of the already approved $200,000 budget to increase the total reimbursement amount to the Bradenton Downtown Development Authority (BDDA) from $155,000 to $180,000, allowing the event to offer balanced programming on both sides of the river; and allows the CVB to facilitate our sponsorship in an efficient and effective manner.  
  • $200,000 sponsorship is in the approved budget, so no additional monies are needed for this amendment. 
  • This Agreement, up to $180,000, with the BDDA is on a reimbursement basis.  
  • In addition, expenditures of $20,000 (already approved in Amendment One) will be used by Bradenton Area CVB to market and promote the Regatta.
  • Total expenditures for the 2016 Bradenton Area River Regatta:  $200,000. 
  • June 30, 2015, BCC approved Amendment One.
  • June 8, 2015, TDC unanimously recommended sponsorship for the Regatta at $200,000. 


County Attorney Review
Not Reviewed (Utilizes exact document or procedure approved within the last 18 months)

Explanation of Other


Reviewing Attorney
N/A

Instructions to Board Records

Send one signed original Agreement to Monica Luff, CVB

Copy of approved agenda memo to Monica Luff, CVB, monica.luff@mymanatee.org



Cost and Funds Source Account Number and Name
n/a

Amount and Frequency of Recurring Costs
n/a


Attachment:  DDA - Regatta Agreement - Amend 2 .pdf