Title
Consider entering into a Sponsorship Agreement with the South Baldwin Chamber of Commerce
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
The Chamber would like to continue hosting the Gulf Coast Hot Air Balloon Festival but has some concerns if a catastrophic event (Act of God) occurred and the event had to be cancelled. The City would like to continue the Festival as it brings in thousands of people, which stimulates the economy. In an effort to continue the event a Sponsorship Agreement has been drafted for a period of three years for a total sum of $50,000 per year in which the City will continue to provide in-kind services similar to the previous balloon festivals and agrees to assist the Chamber with financial burdens if the event is cancelled due to a catastrophic event for that year's event. The Chamber will provide senior level leadership, guidance, and direction for the festival and be solely responsible for providing supervision at the festival, event management, marketing, sponsorship oversight, content selections, and related functions.
SOURCE OF FUNDING:
Please provide the amount requested: No Additional Funding required.
Is this a budgeted item? No Yes
Please provide the budgeted amount: $_____________ Account No. Various (See Section 3)
If budgeted, is this a capital purchase, capital project, or special fund? _________________________
Was this item included in the Fiscal Year Capital Projects Plan? Yes/No
If yes, please provide the amount included in Capital Projects Plan: $___________
Body
WHEREAS, the South Baldwin Chamber of Commerce desires to continue hosting the Gulf Coast Hot Air Balloon Festival, and
WHEREAS, the City of Foley acknowledges that the Festival brings in thousands of visitors, which stimulates the economy, and
WHEREAS, the Chamber will continue to be responsible to senior level leadership, guidance, and direction for the festival and be solely responsible for prov...
Click here for full text