| | | | | | | |  | CITY OF PLANO
COUNCIL AGENDA ITEM |
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| | | | | | | | Council Meeting Date: 10/22/2018
Department: CVB
Department Head: Robin Reeves
Agenda Coordinator: Susan Berger |
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CAPTION
To approve an expenditure in the amount of $175,000 for a grant of hotel-motel tax revenues to USA Softball DFW, Inc. for hosting the USA Softball 2019 18U and 16U Gold Nationals softball tournament; and authorizing the City Manager to execute all necessary documents. Approved
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FINANCIAL SUMMARY Operating Expense
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| FISCAL YEAR: 2018-19 |
Prior Year
(CIP Only) |
Current
Year
|
Future
Years
|
TOTALS |
| Budget |
0 |
175,000 |
0 |
175,000 |
| Encumbered/Expended Amount |
0 |
0 |
0 |
0 |
| This Item |
0 |
-175,000 |
0 |
-175,000 |
| Balance |
0 |
0 |
0 |
0 |
FUND(S): Convention & Tourism
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COMMENTS: This item funds a grant for USA Softball DFW 2019 Girls' 16-Under & 18-Under Gold National Softball Tournament. The estimated amount to be spent in FY 2018-19 for this year only is $175,000 and $3.8 million dollars in economic impact for the City of Plano and surrounding areas is estimated for this event.
This item is contingent upon approval of a companion supplemental appropriation item appropriating funding for the event.
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SUMMARY OF ITEM
See recommendation memo.
Strategic Plan Goal:
Financially Strong City with Service Excellence, Strong Local Economy, Exciting Urban Centers - Destination for Residents and Guests
Plano Tomorrow Plan Pillar:
Social Environment, Economic Environment, Regionalism |
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