Title
Request To Transfer Funds for Foley Sports Tourism Marketing
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
Executive Director of Sports Don Staley is requesting to transfer $5000 from Account No. 01-628-5220 Bid Fees to Account No. 01-628-5210 Advertising/Marketing for the Foley Sports Tourism Complex logo to be inlayed on the hot air balloon; to transfer $5000 from Account No. 01-628-8075 Event Operations into Account No. 01-628-5210 Advertising/Marketing for the annual advertising fee.
SOURCE OF FUNDING:
Please provide the amount requested: __$5000 from Account No. 01-628-5220 Bid Fees and $5000 from Account No. 01-628-8075__________
Is this a budgeted item? No
Please provide the budgeted amount: $_____________ Account No. ___________________________
If budgeted, is this a capital purchase, capital project, or special fund? _________________________
Was this item included in the Fiscal Year Capital Projects Plan? No
If yes, please provide the amount included in Capital Projects Plan: $___________
Body
WHEREAS, Executive Director of Sports Don Staley is requesting to enter into an agreement with Taking Off Hot Air Balloon Company to place the Foley Sports Tourism Complex logo on the hot air balloon, and
WHEREAS, Mr. Staley is requesting to amend the current Sponsorship Agreement with Taking Off Hot Air Balloon Company to include a $5000 logo installation fee and an annual $5000 advertising fee for five years to be paid from Account No. 01-628-5210 Advertising/Marketing.
WHEREAS, Mr. Staley is requesting to transfer $5000 from Account No. 01-628-5220 Bid Fees to Account No. 01-628-5210 Advertising/Marketing for the Foley Sports Tourism Complex logo to be inlayed on the hot air balloon, and
WHEREAS, Mr. Staley also wants to transfer $5000 from Account No. 01-628-8075 Event Operations into Account No. 01-628-5210 Advertising/Marketing for the annual advertising fee.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Approves Addendum #1 to the City's Sponsorship Agreement with Taking Off Hot Air Balloon Company to include the Foley Sports Tourism Complex for five years.
SECTION 2: Amends the current Sponsorship Agreement to include:
- Additional $5000 from Account No. 01-628-5210 Advertising/Marketing for a one time logo installation fee.
- Additional $5000 annually from Account No. 01-628-5210 Advertising/Marketing for five years.
SECTION 3: Approves the transfer of $5000 from Account No. 01-628-5220 Bid Fees to Account No. 01-628-5210 Advertising/Marketing for the Foley Sports Tourism Complex logo to be inlayed on the hot air balloon and approves the expenditure.
SECTION 4: Approves the transfer of $5000 from Account No. 01-628-8075 Event Operations into Account No. 01-628-5210 Advertising/Marketing for the annual advertising fee for this fiscal year, and approves the expenditure of $5000 from the same account annually for five years for the hot air balloon advertisment.
SECTION 5: This Resolution shall become effective immediately upon its adoption as required by law.