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

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


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

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