|Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - July 25, 2017|
Agenda Item #22
First Amendment to the Reimbursement Agreement for funding of the 2017 World Rowing Championships
Contact and/or Presenter Information
Elliott Falcione, Director, Convention and Visitors Bureau
Dan Schlandt, Deputy County Administrator
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).
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:
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.
Instructions to Board Records
Please return two originals to:
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
Attachment: 2017 World Rowing Championships - First Amendment and Supplement to Reimbursement Agreement.pdf