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CITY COMMISSION AGENDA ITEM |
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Department: |
City Manager’s Office |
Commission Meeting Date: Dec. 6, 2016 |
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Staff Contact: |
Tom Markus, City Manager |
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Recommendations/Options/Action Requested: |
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Authorize the City Manager to enter into an agreement with Lawrence Sports Corporation to directly reimburse vendors in an amount up to $102,840.22 related to expenses associated with hosting the Junior Olympics event in July 2017. |
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Executive Summary: |
In September 2015, the City Commission authorized a request from eXplore Lawrence/Lawrence Sports Corporation to fund $150,000 toward hosting the Junior Olympics Track and Field event at Rock Chalk Park in July 2017.
To date, eXplore Lawrence/Lawrence Sports Corporation have expended $47,149.78 toward the Junior Olympics event. eXplore Lawrence recently returned unspent funds to the City after eXplore Lawrence and the Lawrence Sports Corporation entered into an agreement regarding funding for the event. Under the agreement, all funds relating to the Junior Olympics (JO) event will flow through the Lawrence Sports Corporation.
In order to accommodate the desire to have funds flow through the Lawrence Sports Corporation, the City should consider an agreement with that entity. The draft agreement calls for the City to make payments to vendors supporting the event directly, upon review and verification of invoices by LSC. The vendors and services were outlined in the original application for funding of the JO event submitted by eXplore Lawrence and the Lawrence Sports Corporation.
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Strategic Goal Area: |
Economic Development |
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Fiscal Impact (Amount/Source): |
The fiscal impact to the City is a remaining $102,840.22 which is part of a total of $150,000 in guest tax funding authorized to support the event in 2015. The JO event is anticipated to have a significant economic impact to the City of Lawrence and the region in July 2017. |
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Attachments: |
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Reviewed By: (for CMO use only) |
☐TM ☒DS ☐CT ☐BM |