Title
Chief Administrative Office, Economic Development Division, recommending the Board approve and authorize the Chair to sign Amendments to the following Promotions Contracts, extending the terms and increasing the funding amounts:
1) Agreement No. 526-F1211, Amendment II - American River Music, Inc. $47,776.26;
2) Agreement No. 305-F1111, Amendment III - El Dorado Arts Council $152,196.70;
3) Agreement No. 245-F1111, Amendment III - El Dorado County Chamber of Commerce, Visitors Authority $254,380.44;
4) Agreement No. 247-F1111, Amendment IV - El Dorado Hills Chamber of Commerce $141,438.09;
5) Agreement No. 246-F1111, Amendment V - El Dorado County Chamber of Commerce, El Dorado Lake Tahoe Film and Media Office $155,050.16; and
6) Agreement No. 527-F1211, Amendment III - Lake Tahoe South Shore Chamber of Commerce $92,708.59.
FUNDING: General Fund/Transient Occupancy Tax (TOT).
Body
BUDGET SUMMARY:
Total Estimated Cost…………… $843,550.24
Budget - Current FY 14-15……… $632,662.68
Fiscal Year 15-16 $210,887.56
Total Funding Available………… $843,550.24
Change To Net County Cost…… $ 0.00
Fiscal Impact/Change to Net County Cost
No change to Net County Cost. Funding for payments for October 2014 through June 2015 is included in the FY 2014-15 Adopted Budget. Funding for payments for July 2015 through September 2015 will be included in the FY 2015-16 Recommended Budget.
Background
At the October 22, 2013 Board of Supervisors meeting, the Board approved Promotions contracts and amounts for each of the entities listed below:
1) Agreement No. 524-F1211, Amendment I - American River Music, Inc. $47,776.26;
2) Agreement No. 305-F1111, Amendment II - El Dorado Arts Council $140,909.82;
3) Agreement No. 245-F1111, Amendment II - El Dorado County Chamber of Commerce, Visitors Authority $235,515.64;
4) Agreement No. 247-F1111, Amendment II - El Dorado Hills Chamber of Commerce $130,949.07;
5) Agreement No. 246-F1111, Amendment IV - El Dorado C...
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