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File #:
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24-989
Version:
1
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Name:
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Type:
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Recommendation
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Status:
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Passed
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On agenda:
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7/9/2024
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Final action:
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7/9/2024
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Title:
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Approval and execution of Funding Agreement between Orange County, Florida and Central Florida Sports Commission d/b/a GO Sports.
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Interoffice Memorandum
DATE: June 21, 2024
TO: Mayor Jerry L. Demings and County Commissioners
THROUGH: N/A
FROM: Lisa Snead, Assistant County Administrator
CONTACT: Lisa Snead
PHONE: (407) 836-7382
DIVISION: County Administrator
ACTION REQUESTED:
title
Approval and execution of Funding Agreement between Orange County, Florida and Central Florida Sports Commission d/b/a GO Sports.
body
PROJECT: N/A
PURPOSE: On April 9, 2024 the Board approved a modification to the Tourism Development Plan which provided for future payments, beginning in FY 24/25, to be made directly by the County to GO Sports from legally available unallocated Tourist Development Taxes rather than the Sports Incentive Funds, as well as an increase in funding for GO Sports to $.0.50 per year multiplied by the estimated total population of Orange County for each fiscal year of the agreement. Staff and GO Sports have met and worked out the terms of the funding agreement, attached for Board approval.
BUDGET: N/A
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