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HomeMy WebLinkAbout2020-09-22 - AGENDA REPORTS - CONSIDERING A SPONSORSHIP AND NAMING RIGHTS AGMT O (2)Agenda Item: 11 P CITY OF SANTA CLARITA AGENDA REPORT NEW BUSINESS CITY MANAGER APPROVAL:1 DATE: September 22, 2020 SUBJECT: CONSIDERATION OF A SPONSORSHIP AGREEMENT TO INCLUDE NAMING RIGHTS OF THE NEW SANTA CLARITA BIKE PARK DEPARTMENT: Community Development PRESENTER: Jason Crawford RECOMMENDED ACTION City Council approve and authorize the City Manager or designee to execute a Sponsorship Agreement with Trek Bicycle Corporation for naming rights and financial contributions for the newly -opened City of Santa Clarita Bike Park. BACKGROUND The City of Santa Clarita (City) now has a seven -acre site dedicated solely to bike riders. The bike park is part of the George A. Caravalho Santa Clarita Sports Complex and is located southwest of the Aquatic Center. It includes several single-track mountain bike trails, a pump track with 330 yards of combination jumps, and a BMX track will soon be added. The bike park is open 365 days a year and is free for use by visitors of all ages. The City's Business Sponsorship Program began in 2007 as a marketing program designed to strengthen partnerships with the business community. Through this program, the City partners with local, regional, and national business brands to enhance and improve the user's experience and to provide value through integration into City events, programs, or facility naming rights. The Business Sponsorship Program partners with more than 60 local organizations each year including: • The Santa Clarita Marathon, presented by Parkway Motorcars • Concerts in the Park, presented by Logix Federal Credit Union • The Santa Clarita Cowboy Festival, presented by California Resources Corporation • The Youth Sports Mouth Guard Program, provided by Snow Orthodontics Page 1 Packet Pg. 67 Staff met with representatives from Trek Bicycle Corporation (Trek) about establishing a partnership that revolves around the City's newly established bike park. Trek is a global leader in bicycle manufacturing and distribution, headquartered in Waterloo, Wisconsin. They have had a strong local presence in the City for nearly 15 years through their suspension research and development facility (facility). Trek's mission statement is, "We build only products we love, provide incredible hospitality to our customers, and change the world by getting more people on bikes." The Trek facility was founded in September 2006, and was originally located next to the Santa Clarita Sports Complex and in the area of the new bike park. Santa Clarita was specifically chosen as the home for their facility and two Trek Bicycle retail stores, located at 24727 Railroad Avenue and 26625 Bouquet Canyon Road, due to the year-round favorable weather, business - friendly incentives, local riding opportunities, and access to other nearby world class riding. Facility staff has been deeply engrained in the local mountain biking community since its establishment. Over the past four years, Trek staff has provided over 600 hours of work on trails, primarily spent on City open space trail development. Trek was an early adopter and strong supporter of the SCV Trail Users Association and has been an advocate for the SCV National Interscholastic Cycling Association (NICA) High School mountain bike teams since their inaugural season in 2010. Trek expressed interest in a long-term partnership consisting of both cash and in -kind benefits for the City. Through this proposed partnership, Trek will directly invest in the City's bike park by funding projects that benefit riders' experience at the park. In -kind contributions include volunteering staff hours to maintain trails and funding additional features to be added to the bike park, such as Progressive Wooden Ramps. Requested sponsor benefits for Trek include naming rights for the bike park, specifically the "Trek Bike Park of Santa Clarita," as well ancillary marketing benefits and exclusivity within their sponsor category. From the City's perspective, co -branding with one of the nation's premier bike manufacturers is a win for both the City and Trek. The Business Sponsorship Program currently has agreements in place for facility naming rights of the Central Park softball fields with organizations such as UCLA Health and Kind Snacks. It has also developed proposals for naming rights agreements for City facilities that would be large in size and scope, like the Santa Clarita Skate Park. The proposed sponsorship agreement between the City and Trek for the naming rights of the bike park is the first of its kind for both parties, and will generate a total of $30,000 for the City's General Fund over the next three fiscal years. The proposed agreement will also result in the City receiving in -kind contributions valued at $45,000 towards bike park improvements for the same period. After the third year, both parties agree to evaluate the partnership to determine how best to continue the relationship for future benefit. ALTERNATIVE ACTION Other action as determined by the City Council. Page 2 Packet Pg. 68 FISCAL IMPACT If approved by the City Council, a Sponsorship Agreement will be drafted that will result in a fiscal benefit to the City of $75,000 over a period of three fiscal years, consisting of a Sponsorship Revenue increase of $30,000, and in -kind contributions valued at $45,000. Page 3 Packet Pg. 69