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 weve had over the last 63 y Sylvan Beach Festival. Our goal in the proposed increase is not based on greed or a desire to increase net earnings for the Cham desire to reduce our financial risks while maintaining the standard of excellence we have set with our entertainment level The cost of advertising, security and entertainment have increased dramatically over the past 5-6 years and the Chamber isn 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 $30,0 even. Over the years our Chamber has demonstrated a proven ability to create and manage a top-notch festival that draws in t across Texas and beyond. We work with local business owners, hotel managers, city personnel and volunteers to create and every year. The Chamber is very financially efficient in putting on this festival and we are constantly looking for aven Our citizens expect us to put on a safe, family friendly event with top notch entertainment. The increase in funding would go a long wa secure the entertainers, keep our current level of security and market the event. Again, we thank you for your consideration and partnership over the years.