www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - September 26, 2017
September 26, 2017 - Regular Meeting
Agenda Item #15


Subject
Amendment One to Reimbursement Agreement with Realize Bradenton for the Art Walk Project

Briefings
None

Contact and/or Presenter Information
Presenter:  Elliott Falcione, CVB Exec. Director, x3940
Contact:  Monica Luff, CVB Sr. Admin. Spec., x3944


Action Requested
Approval and authorization for the County Administrator to execute Amendment One to Reimbursement Agreement with Realize Bradenton.

Enabling/Regulating Authority
Code of Laws 2-29-25  Tourist Development Plan
F.S.S. 125.0104  Authorized uses of Resort Tax Funds


Background Discussion
  • The County and Realize Bradenton entered into a 2 year Reimbursement Agreement on December 1, 2015, to fund the costs of creating a 3-mile destination experience (Art Walk) in the downtown Bradenton Area.
  • Realize Bradenton wasn't able to complete the project in the 2 year timeframe, so we are asking to extend the agreement by 1 year, 3 months to December 31, 2018.  All other provisions of the agreement are unaffected.
  • The aggregate amount of the reimbursement is up to $100,000 subject to Realize Bradenton providing matching funds in an amount equal to such funding.  Amount remaining of the $100,000 subject to reimbursement is $32,065.
  • This amendment does not change the amount of the reimbursement.
  • All funds involved with this reimbursement are tourism taxes; NOT general funds.


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 executed 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
1030002400 Other Civic Enterprises - CVB

Amount and Frequency of Recurring Costs
up to $100,000; one time expenditure


Attachment:  Realize Brad Agreement Amend 1.pdf