Agenda Item #16
Subject
Amendment to Agreement with LWR Sports, LLC (Schroeder Manatee Ranch - Premier Sports Campus)
Briefings
None
Contact and/or Presenter Information
Presenter: Elliott Falcione, CVB Executive Director, x5913
Contact: Monica Luff, CVB Sr. Admin. Specialist, x5913
Action Requested
Approval and authorization for County Administrator to execute Amendment to Agreement with LWR Sports, LLC (Schroeder Manatee Ranch - Premier Sports Campus).
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
- In the original agreement, the Bradenton Area Convention and Visitors Bureau agreed to purchase Brand Advertising at the new mini stadium at Premier Sports Campus last fiscal year for a five-year period, contingent upon the completion of the mini stadium.
- Mini Stadium at Premier Sports Campus will be complete during FY 2015/2016 instead of FY 2014/2015.
- This amendment changes the agreement term to now officially begin in late 2015 for five fiscal years.
- TDC unanimously recommended this branded advertising program on October 20, 2014.
- Tourism Tax Proceeds will be used for this initiative; no Ad Valorem dollars are being applied.
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
1 signed original Agreement to Monica Luff, CVB. Monica will forward to LWR Sports.
Copy of approved agenda memo to monica.luff@mymanatee.org
Cost and Funds Source Account Number and Name
n/a
Amount and Frequency of Recurring Costs
n/a
Attachment: LWR Sports Amended Agree 2015.pdf