Placement: New Business
Action Requested: Motion / Vote
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Authorize the City Manager to negotiate and execute, upon review by the City Attorney, a contract with MIDFLORIDA Credit Union for Naming Rights to the Port St. Lucie Civic Center
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Submitted By: David Graham, Assistant City Manager
Strategic Plan Link: The City's Goal of a high-performing city government organization.
Executive Summary (General Business): In response to naming rights outreach efforts placed on the City's website, representatives of MIDFLORIDA Credit Union contacted Port St. Lucie Civic Center management expressing interest in obtaining Naming Rights of the Civic Center. The Credit Union has made an offer of $195,000 annually for a five-year contract with an option to renew for an additional five years.
Presentation Information: A short visual presentation providing background will be provided with staff available to respond to questions.
Staff Recommendation: Move that the Council authorize the City Manager to negotiate and execute a Naming Rights contract, upon review by the City Attorney, with MIDFLORIDA Credit Union.
Alternate Recommendations:
1. Move that the Council amend the recommendation and authorize the City Manager to negotiate and execute a Naming Rights contract, upon review by the City Attorney, with MIDFLORIDA Credit Union.
2. Move that the Council provide staff direction.
Background:
For many years the Civic Center has sponsored a "Naming Rights & Benefactor Program." Begun early in the Center's operations, the Benefactor Program was designed for people who want to contribute to the Civic Center with a one-time donation to honor or memorialize an individual or organization. Donors' names are listed on a prominent display in the lobby of the Center. To date, 53 donors have contributed from $50 to over $5,000 each in participation.
Partnering at the Civic Center location, the Parks and Recreation Department is in a continuing series of contracts with H...
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