TO: Mayor and Commissioners
FROM: Samuel Metott, Director, Parks and Recreation
THROUGH: Terrence R. Moore, ICMA-CM
DATE: January 17, 2023
Title
INTERLOCAL AGREEMENT WITH THE DELRAY BEACH COMMUNITY REDEVELOPMENT AGENCY FOR THE CO-TITLE SPONSORSHIP OF THE 2023 DELRAY BEACH OPEN
Body
Recommended Action:
Recommendation
Motion to approve the Interlocal Agreement (ILA) for the Co-Title Sponsorship of the 2023 Delray Beach Open with the Delray Beach Community Redevelopment Agency (CRA) for a term which will commence upon execution of the contract and terminate on September 30, 2023 in the amount of $905,000.
Body
Background:
The sponsorship of tournaments at the Delray Beach Tennis Cetner (Tennis Center) helps further the mission of the CRA by assisting the Tennis Center in remaining a competitive venue for major events. These events draw thousands of visitors to downtown Delray Beach, including the West Atlantic Avenue area. The increase of visitors has a direct result in economic benefits for downtown merchants. This will be the fifteenth (15th) year that the CRA has been a co-title sponsor.
Attachments:
ILA with the CRA
Exhibit A
Legal Review
2022 Economic Impact Report
City Attorney Review:
Approved as to form and legal sufficiency.
Funding Source/Financial Impact:
Funding in the amount of $905,000 is available from the Delray Beach CRA.
GL 001-00-000.366-115; Contributions & Donations CRA Sponsorships
Timing of Request:
This is time sensitive as must be approved by CRA Board prior to the 2023 Delray Beach Open which takes place February 10-19, 2023.