02-22-21 Regular Meeting of the La Porte City Council

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The $165,000 represents 22% of the Hotel Tax Budget (based upon the actual 2018 revenue of $750,000). Our Chamber highly values the relationship we have with the City of La Porte and the partnership we've had over the I; Sylvan Beach Festival. Our goal in the proposed increase is not based on greed or a desire to increase net earnings fc desire to reduce our financial risks while maintaining the standard of excellence we have set with our entertainment lev The cost of advertising, security and entertainment have increased dramatically over the past 5-6 years and the Chaml absorb the financial loss if we were to experience a subpar festival (ie. inclement weather that keeps the crowds away) phenomenal weather forecast and record level sponsorships going into the event but we still needed to generate $30,C even. Over the years our Chamber has demonstrated a proven ability to create and manage a top-notch festival that draws it across Texas and beyond. We work with local business owners, hotel managers, city personnel and volunteers to crea and every year. The Chamber is very financially efficient in putting on this festival and we are constantly looking for avE Our citizens expect us to put on a safe, family friendly event with top notch entertainment. The increase in funding wou secure the entertainers, keep our current level of security and market the event. Again, we thank you for your consider; partnership over the years.