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REQUEST FOR CITY COUNCIL AGENDA ITEM <br />Agenda Date Requested: August 22, 2011 <br />Requested By: Ron Bottoms, Cite Manager <br />Department: Administration <br />Report: Resolution: Ordinance <br />Exhibits: Agreement <br />Exhibits: <br />Exhibits: <br />Appropriation <br />Source of Funds: Hotel/Motel <br />Account Number: 03760635656016 <br />Amount Budgeted: '70,000 <br />Amount Requested: $70,000 <br />Budgeted Item: Yes <br />SUMMARY & RECOMMENDATION <br />The existing contract between the City of La Porte and the La Porte - Bayshore Chamber of <br />Commerce for the purpose of advertising the City and conducting solicitation programs to <br />promote tourism within the City will expire on September 30, 2011. During negotiations, it was <br />agreed to renew the agreement with the Chamber with an increased base contribution of $70,000 <br />per year (up from $50,000) based on the following key provision: <br />• If, in any year during this contract (beginning with the 2011 -2012 fiscal year), the <br />Chamber's Sylvan Beach Festival fundraiser should yield more than $50,000 in net <br />proceeds, the Chamber agrees to remit to the City fifty percent of each dollar raised in <br />excess of said $50,000. Any remittance of funds under this provision would be deposited <br />in the Hotel Motel Fund of the City. <br />There were no other changes made to the agreement and it remains the same as the previous 3- <br />year agreement. The proposed agreement would expire on September 30, 2014. <br />Action Required by Council: <br />Consider approval of an agreement between the City of La Porte and the La Porte- Bayshore <br />Chamber of Commerce. <br />Approved for City Council Agenda <br />Ron Bottoms, City Manager <br />Date <br />