DEPARTMENT: Convention & Sports Facilities
DEPARTMENT HEAD: Patricia Muzquiz-Cantor
COUNCIL DISTRICTS IMPACTED: Council District 2
SUBJECT: Authorizing the payment of a Major Events Reimbursement Program Local Contribution of $1,852,743.00 related to the 2018 NCAA Men's Final Four Basketball Tournament and a Reimbursement Agreement with the San Antonio Local Organizing Committee (SALOC) to reimburse the City an estimated $5.3 million from the amount it receives from the Major Events Reimbursement Program and appropriating funds in the amount of $1,852,743 from the City's State Reimbursement Fund.
SUMMARY:
The San Antonio Local Organizing Committee (SALOC) will be submitting a reimbursement request of $13,432,385.00 to the State's Major Events Reimbursement Program for the 2018 NCAA Final Four. This reimbursement request covers SALOC Expenses, City Expenses and the City's Local Required Contribution. This ordinance appropriates $1,852,743.00 from the City's State Reimbursement Fund for payment of the local contribution and authorizes a Reimbursement Agreement with SALOC. Upon receipt of funds, SALOC will reimburse the City its local required contribution of $1,852,743.00, and an estimated $3.5 million for event-related City services and City facility rental costs.
BACKGROUND INFORMATION:
The Major Events Reimbursement Program (MERP) created through statute, 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 have taken place outside of the state. The MERP may be utilized to pay for eligible expenses incurred preparing for and conducting an event, such as equipment or security services or improvements to facilities.
The MERP applies local and state gains from sales and use, auto rental, hotel ...
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