Placement: Consent Agenda
Action Requested: Motion / Vote
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Approve a Memorandum of Understanding between the City of Port St. Lucie and the Treasure Coast Sports Commission regarding the Florida Sports Hall of Fame.
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Submitted By: Linda McCarthy, Event Center Director
Strategic Plan Link: The City's Goal of a high-performing city government organization.
Summary Brief (Agreements/Contracts only)
1. Prepared by: Linda McCarthy, Event Center Director.
2. Parties: City of Port St. Lucie and Treasure Coast Sports Commission.
3. Purpose: Cooperatively raise awareness of the Florida Sports Hall of Fame (FSHOF) and provide funding to be split equally, 50/50, between the City of Port St. Lucie and the Treasure Coast Sports Commission in support of the FSHOF.
4. New/Renewal/Modified: New.
5. Duration: Five years.
6. Benefits to Port St. Lucie: Drives sports tourism; adds to the quality of life for citizens of Port St. Lucie.
7. Cost to Port St. Lucie (Annual and Potential): $10,000 - $12,500, non-recurring for memorabilia moving expenses, exhibit cases, and exhibition installation services.
Presentation Information: Linda McCarthy, Event Center Director, and Rick Hatcher, Executive Director, Treasure Coast Sports Commission, will be available to answer questions or provide additional information.
Staff Recommendation: Move that Council approve the Memorandum of Understanding with the Treasure Coast Sports Commission to cooperatively raise awareness and split equally, 50/50, opening expenses for the FSHOF.
Alternate Recommendations:
1. Move that the Council amend and approve the Memorandum of Understanding with the Treasure Coast Sports Commission.
2. Move that the Council provide staff direction.
Background: Upon Council approval of a lease agreement with the FSHOF to display memorabilia at the MIDFLORIDA Event Center, the Treasure Coast Sports Commission and City desire to solidify a partnership to cooperatively raise awareness and provide opening funding for the FSHOF. The parties will also explore future cooperation possibilities for marketing and promotional efforts in connection with FSHOF.
Issues/Analysis: N/A
Financial Information: Total costs for opening are estimated to be $20,000 - $25,000. The City and Treasure Coast Sports Commission agree to be equally, (50/50), responsible for expenses incurred to cover memorabilia moving expenses, exhibit cases, and exhibition installation services. The City’s portion would be paid from the MIDFLORIDA Event Center’s promotional activities budget, account 7500.
Special Consideration: NA
Location of Project: MIDFLORIDA Event Center
Attachments: Memorandum of Understanding
NOTE: All of the listed items in the “Attachment” section above are in the custody of the City Clerk. Any item(s) not provided in City Council packets are available upon request from the City Clerk.
LEGAL SUFFICIENCY REVIEW:
Reviewed by Melany K. Crawford, Chief Assistant City Attorney. Approved as to Legal form and sufficiency by James D. Stokes, City Attorney.