HomeMy WebLinkAbout07-24-14-2m - Resolution - 07/24/2014•
RESOLUTION NO. 07-24 -II-% --2rn
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS, (CITY) RATIFYING THE EVENT SUPPORT CONTRACT BETWEEN THE
CITY, BRYAN -COLLEGE STATION CONVENTION AND VISITORS BUREAU (CVB),
THE BRAZOS COUNTY EXPO, AND THE AMERICAN QUARTER HORSE
ASSOCIATION (AQHA) (EVENT SUPPORT AGREEMENT); RATIFYING THE
JOINDER AGREEMENT BETWEEN THE CVB AND THE CITY (JOINDER
AGREEMENT); AND AUTHORIZING THE CITY MANAGER TO APPROVE AND
EXECUTE ON BEHALF OF THE CITY ANY ADDITIONAL DOCUMENTS RELATED
TO THE 2014 AQHA YOUTH WORLD CUP EVENT.
WHEREAS, on February 26, 2014, the AQHA accepted a proposal submitted by CVB on behalf
of the City to host the AQHA Youth World Cup Event (Event) in College Station, Texas, on July
4-13, 2014; and
WHEREAS, on March 7, 2014, the CVB, on behalf of the City, submitted an Events Trust Fund
application to the Texas Comptroller of Public Accounts to establish an Events Trust Fund for the
Event pursuant to VERNON'S TEX. CIV. ST. Art. 5190.14 (Trust); and
WHEREAS, on April 4, 2014, the State Comptroller notified the City that an Events Trust will be
established for the Event in the amount of $82,416, which requires $11,368 of that amount to be a
local match; and
WHEREAS, on June 27, 2014, through the Joinder Agreement, the CVB agreed to pay all
expenses related to the Event including, but not limited to, the full amount of the local match
required for the Trust; and
WHEREAS, in order to timely meet the State's requirements to establish the Trust, the City
Manager executed the Joinder Agreement and Event Support Agreement on behalf of the City;
now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS:
PART 1: That the City Council duly ratifies and approves the Joinder Agreement and Event
Support Agreement.
PART 2: That the City Council hereby authorizes the City Manager to approve and execute
on behalf of the City any additional documents related to the Event.
PART 3: That the City reviewed the Event and found that the Event meets all eligibility
requirements as listed in VERNON'S TEX. CIV. ST. Art. 5190.14.
Event Trust Fund Resolution 2
PART 4: That the City Council hereby determines that the local match funding required for
Qthe Trust will be met by the CVB through the terms of the Joinder Agreement.
PART 5: That this resolution shall take effect immediately from and after its passage.
ADOPTED this 21/11" day of 3-, 2014.
ATTEST: APPROVED:
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City Secre ry Mayor
APPROVED:
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City Attorney