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SPONSORHIPAGREEMENT BETWEEN THE CITY OF LA PORTE, TEXAS,AND THE HOUSTON YACHTCLUB
<br />FOR USE OF CITY COMMUNITY INVESTMENT FUNDS TO PROVIDE SUPPORT FOR HOSTING OF THE 2022
<br />A CAT WORLD CHAMPIONSHIP, THE ILCA 6 WORLD CHAMPIONSHIP, THE HOUSTON OFFSHORE ONE
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<br />DESIGN REGATTA, THE HOUSTON YACHT CLUB 125ANNIVERSARY REGATTA, AND THE HOUSTON
<br />YACHT CLUB JAMES LISTON REGATTA
<br />THIS AGREEMENT made by and entered into this ___ day of ________________ 2022, between the City
<br />of La Porte, Texas, a home-rule municipality, hereinafter “the City,” and the Houston Yacht Club, a Texas
<br />nonprofit 501(c)(7) private membership organization, hereinafter referred to as “Recipient.”
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<br />WITNESSETH:
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<br /> WHEREAS, the Recipient has requested that the City provide financial support towards the 2022
<br />A Cat World Championship to be hosted by Recipient from April 28 through May 8, 2022, the 2022 ICLA 6
<br />World Championship to be hosted by Recipient from July 18, 2022, through July 30, 2022; the Houston
<br />Offshore One Design Regatta from September 16 through September 18, 2022, the Houston Yacht Club
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<br />125 Anniversary Regatta on September 24, 2022, and the Houston Yacht Club James Liston Regatta on
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<br />November 19, 2022; and
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<br /> WHEREAS, the A Cat World Championship, the ICLA 6 World Championship, the Houston Offshore
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<br />One Design Regatta, the Houston Yacht Club 125 Anniversary Regatta, and the Houston Yacht Club James
<br />Liston Regatta will bring numerous event participants; approximately 300 area volunteers; spectators and
<br />tourists; and media coverage to the City; and
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<br /> WHEREAS, Recipient estimates that the events would generate approximately 1200 hotel room
<br />nights, plus sales tax revenue from participants, tourists, and volunteers patronizing La Porte restaurants
<br />and other commercial/retail establishments; and
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<br /> WHEREAS, the City desires that Recipient actively promote the A Cat World Championship, the
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<br />ICLA 6 World Championship, the Houston Offshore One Design Regatta, the Houston Yacht Club 125
<br />Anniversary Regatta, and the Houston Yacht Club James Liston Regatta in accordance with the terms and
<br />conditions established in this agreement, in exchange for the extension of a sponsorship package from
<br />community investment funds; and
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<br />WHEREAS, the City Council of La Porte approved by unanimous vote a proposed measure to move
<br />forward with a sponsorship package in favor of the Houston Yacht Club, at the January 24, 2022, regular
<br />City Council meeting; and
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<br /> NOW THEREFORE, in consideration of the covenants and conditions stated herein, and in
<br />consideration of the mutual benefits that will accrue to each of the parties hereof, as well as to the citizens
<br />of the City of La Porte, Texas, the parties have agreed and do hereby agree as follows:
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<br />ARTICLE I:
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<br />Pursuant to the sponsorship package, which has a total value not to exceed $30,000.00, the Houston Yacht
<br />Club shall secure and hold the 2022 A Cat World Championship from April 28 through May 8, 2022, the
<br />2022 ICLA 6 World Championship from July 18, 2022, through July 30, 2022; the Houston Offshore One
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<br />Design Regatta from September 16 through September 18, 2022, the Houston Yacht Club 125
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