City of San Antonio - File #: 15-3590

• File #: 15-3590
• Type: Miscellaneous Item
• In control: City Council A Session
• On agenda: 8/13/2015
• Posting Language: An Ordinance authorizing a Reimbursement Agreement with San Antonio Local Organizing Committee, in an amount not to exceed $144,582.40, for eligible expenses incurred for the National Collegiate Athletic Association 2014 Men’s Basketball 2nd and 3rd Round Games. [Lori Houston, Assistant City Manager; Casandra Matej, Director, San Antonio Convention & Visitors Bureau]

Date	Ver.	Action By	Action	Result
8/13/2015	1	City Council A Session	adopted	Pass

DEPARTMENT: San Antonio Convention & Visitors Bureau


DEPARTMENT HEAD: Casandra Matej


COUNCIL DISTRICTS IMPACTED: City-Wide


SUBJECT:

Reimbursement Agreement with San Antonio Local Organizing Committee regarding NCAA 2nd and 3rd Round Basketball Games - Reimbursable Event


SUMMARY:
This ordinance is authorizing a reimbursement agreement with San Antonio Local Organizing Committee (SALOC) in an amount not to exceed $144,582.40 for eligible expenses incurred by SALOC associated to the National Collegiate Athletic Association (NCAA) 2014 Men's Basketball 2nd and 3rd Round Games.

BACKGROUND INFORMATION:

The City of San Antonio partnered with San Antonio Local Organizing Committee (SALOC) to solicit, secure and host the 2014 NCAA Men's Basketball 2nd and 3rd Round Games scheduled during March 21-23, 2014. San Antonio was selected through a competitive process by the NCAA with the AT&T Center identified as the venue.

The Events Trust Fund legislation (Vernon's Texas Civil Statutes, 5190.14) provides municipalities and counties the opportunity to obtain reimbursement for eligible expenses related to hosting and attracting high-visibility, high-tax-impact events to the state of Texas that could otherwise take place outside of the State. Reimbursable dollars are based on the anticipated tax gain for a particular event. In order to obtain reimbursement for eligible expenses, municipalities are required to match funds that are deposited in the Events Trust Fund on a 1:6.25.

The City of San Antonio has participated in this program for both convention and sporting events and has received tax reimbursement from the Events Trust Fund related to various sporting events including the 2013 U.S. Track & Field Championships, 2011 U.S Trampoline and Tumbling Junior Olympic Championships, and the Big 12 Football Conference Championship. The same process was followed in obtaining the reimbursement for the 2014 NCAA Men's Basketball 2nd and 3rd R...