SUBJECT:
Title
Request Approval of Tourist Development Council Funding Request for Festivals of Speed, LLC (Budget Impact - Neutral; expenditure of up to $4,200 approved in the FY 2023-24 budget)
Body
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INITIATOR: |
DEPARTMENT: |
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Loretta Shaffer, Director |
Tourist Development |
DESCRIPTION/BACKGROUND:
The Tourist Development Council (TDC) seeks funding approval for organizations that have festivals, events, or programs which support the TDC’s mission of growing the economy and accelerating prosperity in Marion County through effective destination sales and marketing. This funding contract is for the Festivals of Speed Presents a Salute to Veterans hosted by Festivals of Speed, LLC to be held on September 14, 2024 at World Equestrian Center. This event was recommended for funding by the TDC at their regularly scheduled meeting on August 22, 2024.
Festivals of Speed Presents a Salute to Veterans $4,200.00
BUDGET/IMPACT:
Neutral; expenditure of up to $4,200.00 as approved in the FY 2023-24 budget. Funding from CP155552-548101.
RECOMMENDED ACTION:
Recommended action
Motion to approve the Tourist Development Council funding request and authorize the Chair and Clerk to execute the attached funding agreement.
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