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HomeMy WebLinkAbout2001-05-01 - AGENDA REPORTS - CORPORATE SPONSORSHIPS (2)TO: From: CITY OF SANTA CLARITA INTEROFFICE MEMORANDUM Mayor Weste and Members of the 1 George A. Caravalho, City Manage DATE: May 1, 2001 SUBJECT: CORPORATE SPONSORSHIPS RECOMMENDED ACTION City Council receive report, and provide direction to staff to pursue a formal sponsorship agreement for City events, including an exclusive vending contract. BACKGROUND At the January 16, 2001 Budget Study Session, City Council expressed an interest in pursuing more private/public partnerships. One of the opportunities many cities have taken advantage of is private/public partnerships in the form of corporate sponsorships of City events and facilities. The City of Santa Clarita has pursued corporate sponsorship of events, such as the Marathon, Concert in the Parks, Cowboy Poetry Festival, etc., and has received over $750,000 in both cash and in-kind sponsorships over the past two years. Staff believes, through talking to other cities, that there are other opportunities to enhance our revenue base and increase the value of the sponsorships we currently receive. A survey of other cities was done to determine what types of corporate sponsorship agreements they have in place. Many cities have seen benefits from awarding exclusive vending contracts. In return for allowing vending machines to be placed at City facilities, these cities have received benefits, such as a percentage of the gross revenues from the machines, and donations for facilities, such as skate parks, electronic scoreboards, etc. Staff is interested in hearing the types of corporate sponsorships City Council would like staff to pursue and the type of exposure Council is willing to give to corporations in exchange for cash and in-kind donations. BB:hds ..d1\etudy50101.d. Agenda Item: /_