Approval of Amendment to Miscellaneous Appropriations Agreement between Escambia County and Visit Pensacola, Inc.
From:
Amy Lovoy, Assistant County Administrator
Organization:
Asst County Administrator
CAO Approval:
RECOMMENDATION:
Recommendation Concerning the Amendment to Miscellaneous Appropriations Agreement between Escambia County and Visit Pensacola, Inc. - Amy Lovoy, Assistant County Administrator
That the Board take the following action concerning the Fiscal Year 2016/2017 Amendment to Miscellaneous Appropriations Agreement between Escambia County and Visit Pensacola, Inc.:
A. Approve allocating the remaining available balances in the Tourist Promotion Fund, Fund 108, to Visit Pensacola, Inc., from Cost Center 360101, in the amount of $1,281,764, and from Cost Center 360105, in the amount of $1,204,234, for a combined total of $2,485,998;
B. Approve the Amendment to Miscellaneous Appropriations Agreement, amending Section 3, increasing the allocation by $2,485,998, for a total allocation of $7,994,410, to be paid from the Tourist Promotion Fund (108), Cost Centers 360101 and 360105, Account 58201;
C. Authorize the Chairman to sign the Amendment and all other necessary documents; and
D. Authorize the execution of the necessary Change Order.
BACKGROUND:
On March 7, 2017, the Tourist Development Council voted to approve allocating the overage in the tourist development tax dollars from Fiscal Year 2015/16 to Visit Pensacola.
BUDGETARY IMPACT:
Funds are available in the Fiscal Year 2016/2017 Budget.
LEGAL CONSIDERATIONS/SIGN-OFF:
The County Attorney has reviewed and approved the Amendment.
PERSONNEL:
N/A
POLICY/REQUIREMENT FOR BOARD ACTION:
Board approval of Amendments to Miscellaneous Appropriations Agreements is necessary.