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HomeMy WebLinkAboutC2012-099 - 3/14/2012 - NAX4 >4 181752 March 14, 2012 Mr. Keith Arnold Corpus Christi Convention and Visitors Bureau 101 N. Shoreline, Suite 430 Ronald I.. 01%)n Corpus Christi, TX 78401 C 1 TY M A N A GI Re: Event Trust Fund Program PO Box 9 Dear Keith: Co,rp-w C`11- 4' . _2 7 7 The purpose of this letter is to briefly memorialize our discussion of March 7, P'n ` � � -` c 3, 6 s -82 6 - ' 22 `' 2012 regarding the Event Trust Fund Program ("ETF") and the opportunity it offers F a ,01-826, - " 8 9 to both the City of Corpus Christi, ("City") and the Corpus Christi Convention and Ron 0 c n Visitors Bureau ("CVB"). The City and CVB want to collaborate for the benefit of the City and CVB by participating in the ETF to offer economic incentives for tourism related events in the City. The City and CVB agree to the following responsibilities: The CVB agrees to handle the daily administration of the ETF and to be responsible for administration of the incentive process available through the ETF and all communication with event organizers and the Texas Comptroller of Public Accounts. The City, in consideration of the CVBs services stated above, agrees to provide local match funding, from the City General Fund for the costs of implementing incentives pursuant to the ETF statute. City match is to be returned to City General Fund upon payment from the State Comptroller for event reimbursement. Representatives for the City and CVB are as follows: City: City of Corpus Christi Attn: Constance Sanchez Director of Finance P.O. Box 9277 Corpus Christi, Texas 78469-9277 2012-099 3/14/12 NU INDIEDXED MM Corpus Christi Convention and Visitors Bureau Attn: Keith Arnold 101 N. Shoreline, Suite 430 Corpus Christi, TX 78401 Please sign below to acknowledge your agreement hereto. Acknowledged: Date: 3. Ok KLh Arnold CEO, CVB Page 2 of 2