SUBJECT/RECOMMENDATION:
Title
Approve co-sponsorship and waiver of requested city fees and service charges for 2016 Nacra 17, 49er and 49erFx World Championships to be held in Clearwater, February 6, 2016 through February 15, 2016, at an estimated in-kind General Fund cost of $3,000 and Parking Fund cost of $1,118. (consent)
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SUMMARY:
The City of Clearwater was selected to host the 2016 World Championships and Olympic qualifying for the Nacra 17 sail boats. The event will take place in Clearwater from February 6, 2016 through February 15, 2016 in the Gulf of Mexico off Clearwater Beach and Pier 60 as well as the Clearwater Sailing Center.
The event will attract approximately 300 competitors from various countries, and attract approximately 55,000 spectators over the nine day event. In addition, the event will be streamed live and broadcast internationally to thousands of viewers.
The event will help promote Clearwater as a sailing venue and destination as well benefit the Clearwater Sailing Center.
Unfortunately this event was not included in the list of Co-Sponsored events approved by the Council on April 2, 2015 and according to Council policy any additional requests for money or in-kind support must be approved by City Council.
Staff is recommending that the City co-sponsor this event and waive total in-kind costs of $4,118. In-kind activities will include staff time to provide water to docking area, construction and installation of anchors for boats, event assistance and $1,118 of lost parking revenue. These costs can be absorbed with the current operating budgets of the General Fund and Parking Fund.
APPROPRIATION CODE AND AMOUNT:
N/A
USE OF RESERVE FUNDS:
N/A