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HomeMy WebLinkAboutContract 44949-A1 CITY SECRETARY G L `- FIRST AMENDMENT TO CITY SECRETAf SRNMCT NO. CONTRACT NO.449499 A PROFESSIONAL SERVICES AGREEMENT WITH THE FORT WORTH CONVENTION AND VISITORS BUREAU This First Amendment to City Secretary Contract Number 44949 ("First Amendment") is by and between the City of Fort Worth ("City"), a home-rule municipality organized under the laws of the State of Texas, acting by and through its duly authorized Assistant City Manager, and the Fort Worth Convention and Visitors Bureau ("Bureau"), a Texas non-profit corporation, acting by and through its duly authorized President and C.E.O. WHEREAS, City and Bureau are parties to City Secretary Contract ("CSC") Number 44949, a professional services agreement under which the Bureau markets and promotes Fort Worth as a business and leisure destination("Agreement"); WHEREAS, the parties addended CSC 44949 to address the provision of and payment for additional marketing and promotional services to more key markets through targeted outreach during fiscal year 2014, the same being CSC 44949-ADI WHEREAS, the parties executed a second addendum to CSC 44949 for Targeted Marketing services, the same being CSC 44949-AD2; WHEREAS, the Agreement has a five-year term, effective on October 1, 2013, and requires the Bureau to prepare and submit a yearly marketing plan to the City that includes the marketing and promotional activities and services to be performed by the Bureau for the upcoming fiscal year to promote the entire city and all of its facilities and amenities ("General Marketing"); WHEREAS, funding for the General Marketing is derived from a percentage allocation of hotel occupancy Tax Collections as defined in the Agreement; WHEREAS, said funds are payable in 12 equal monthly installments based on budget projections of hotel occupancy tax revenues and subject to a yearly "true up" process that identifies deviations between actual hotel occupancy tax collections and budget projections and corrects those deviations through a series of adjustments in the subsequent year's payments; WHEREAS, during the annual budget process, the City may also allocate additional hotel occupancy Tax Collections into two special accounts to assist in attracting, maintaining, and retaining convention and equestrian-related business at the City's public facilities — the Fort Worth Convention Center Public Facilities Fund and the Will Rogers Memorial Center Public Facilities Fund, along with a separate fund to support the Fort Worth Herd; WHEREAS, in 2016, a sports marketing study ("Study") was conducted,which included a sports tourism audit, stakeholder interviews, competitive analysis, review of national best practices, analysis of resources, and sports tourism plan; a y 6 7 89 0 j r OFFICIAL RECORD CITY SECRETARY First Amendment to CSC 44949 FT.WORTH,TX 1 of 7 \� ti G v �' WHEREAS, the Study showed that the sports industry has experienced unprecedented growth over the last two decades, with just the grass roots sports tourism industry, which involves smaller events and excludes mega events like the Superbowl, Final Four, etc., being worth nearly $9 billion annually and expected to grow at a pace of 12-14% per year and that the City would benefit from enhancing its marketing efforts to attract a portion of such business; WHEREAS, an expanded effort around sports marketing would allow the City to (1) attract new investment from corporations; (2) further sports marketing promotional efforts and expand the vision of marketing Fort Worth nationally; (3) create an increased focus on community events and a vision for venue support and expansion; and (4) build a larger community-wide focus on sports marketing, specifically in the areas of education, stakeholder engagement, and expanded collaborations with private institutions; WHEREAS, Fort Worth has a significant opportunity to enrich its sports marketing program and realize increased economic activity for the City and the entire region by engaging the Bureau to provide focused sports marketing as an additional targeted marketing service to complement and supplement the General Marketing efforts; WHEREAS, the unprecedented growth of the sports tourism industry shows the high level of market demand that supports the expansion of development efforts in this area for the City; WHEREAS, to further enhance the impact of sports tourism on the Fort Worth area, the parties have agreed to create a new Sports Marketing Fund("SMF"); WHEREAS, funding for the sports marketing services under this First Amendment are intended to supplement the current funding models under the Agreement and do not affect the general funding percentage allocation or the associated "true up"process; and NOW, THEREFORE, in consideration of the mutual covenants herein expressed, the parties agree as follows: 1. Section 2.01, Definitions, shall be revised to add "Sports Marketing Fund" to the list of defined terms in this Agreement "(xviii) Sports Marketing Fund ("SMF") shall be defined as: A fund administered in accordance with the terms of this Agreement and available for the purpose of promoting and marketing the sports tourism industry in the City of Fort Worth." 2. Section 4.02, Funding for Specialized Marketing and Promotional Obligations, is hereby amended to reflect the new funding obligations for the SMF. Nothing contained herein is intended to amend Sections 4.02(1) and(ii)relating to the SPFFs and Fort Worth Herd Operations. "4.02 Fundingfor or Specialized Marketing and Promotional Obligations. In addition to the General Funding, the City may, in connection with the annual budget process, allocate funds from projected Tax Collections for the upcoming Fiscal Year to the Bureau to carry out the following specialized marketing and promotional obligations: (i) the First Amendment to CSC 44949 2 of 7 Special Public Facilities Funds, (ii) the Fort Worth Herd Operations, and (iii) the Sports Marketing Fund as set forth below:" "(iii) Sports Marketing_Fund. Funding for the SMF shall be outlined herein. (a) The City may allocate up to $100,000.00 per Fiscal Year for the SMF, beginning in Fiscal Year 2017. (b) The Bureau shall maintain and account for the SMF. (c) Any unused funds will carry over to the following Fiscal Year's use for the SMF and shall supplement the total funding to be contributed by the City during that Fiscal Year. (d) Use and expenditure of the SMF shall be subject to the terms and conditions of this Agreement." 3. Section 5.04, Budjzet, is hereby deleted in its entirety and replaced with the following section, which adds the SMF to the budgeting requirements and shall read as follows: "5.04 Budizet. The Bureau has prepared and submitted its proposed written budget for Fiscal Year 2014 to the City. For the remaining Term, the Bureau shall submit to the City a proposed written budget for the upcoming Fiscal Year on or before March 1 of each upcoming Fiscal Year for consideration and approval. The budget shall (i) include proposed funding for the General Funding, the SPFFs, Herd operations, and SMF; and (ii) indicate the projected available Tax Collections for the ensuing Fiscal Year and any amounts available in the Bureau's reserve fund and available funding for the SPFFs and SMF. The budget must be submitted to and approved by the Bureau's Executive Committee prior to submission to the City. In accordance with Section 351.101(c) of the Texas Tax Code, the City, in writing, shall approve in advance the Bureau's annual budget." 4. Section 5.05, Services Activities and Functions, is hereby amended to add a new Subsection 5.05(i)(n) to reflect the addition of the SMF. "(n) The Bureau shall abide by all requirements set forth in this Agreement regarding the maintenance and use of the Sports Marketing Fund." 5. Section 6, Special Public Facilities Funds, shall be amended, in whole, to set forth the purpose of the new SMF and the Bureau's obligations in carry out such purpose. Section 6 is hereby amended in its entirety to read as follows: "6. SPECIALIZED MARKETING FUNDS 6.01 Generally. The City and the Bureau recognize the need to maintain Specialized Marketing Funds, each of which is dedicated to assist in attracting, maintaining, and First Amendment to CSC 44949 3 of 7 retaining tourism and convention business at a certain facility in Fort Worth or in a certain entertainment-and-tourism sector. The "Specialized Marketing Funds" consist of the two Special Public Facilities Funds and the Sports Marketing Fund, each of which is to be administered and utilized in accordance with the terms of this Section and the Agreement. (i) SPFFs. In order to book events that bring strong economic value and an excellent quality of life to the community, the City, in cooperation with the Bureau, must from time-to-time provide incentives in the form of adjusted facility rents and other promotional program benefits to attract and retain priority groups. The SPFFs serve such a purpose and shall be administered in accordance with this Section. (ii) SMF. In order to enhance sports tourism throughout Fort Worth, the Bureau shall utilize the SMF to, at a minimum, expand its sports marketing efforts to (1) attract new investment from corporations; (2) further sports marketing promotional efforts and expand the vision of marketing Fort Worth nationally; (3) create an increased focus on community events and a vision for venue support and expansion; and (4) build a larger community-wide focus on sports marketing, specifically in the areas of education, stakeholder engagement, and expanded collaborations with private institutions The SMF shall serve such a purpose and shall be administered in accordance with this Section. 6.02 Accounting (i) The Specialized Marketing Funds will each be maintained in one or more separate Bureau accounts and will not be commingled with any of the Bureau's operating or personal accounts. (ii) The Bureau will have the sole responsibility to keep and maintain an accurate accounting of all funds that are in the Specialized Marketing Funds and all outstanding and upcoming commitments from the funds and shall provide the City with access to such accounting on request. 6.03 Miscellaneous (i) Fort Worth Convention Center SPFF (a) The Bureau will have sole authority over all expenditures from the FWCC SPFF made in compliance with the limitations prescribed by this Agreement. First Amendment to CSC 44949 4 of 7 (b) The Bureau may request pricing for convention groups and, from time-to-time, may ask the City to substantially discount rent to convention groups. (c) The Bureau shall reimburse the City for all such rental discounts offered to attract a convention to the City for which the City requests reimbursement, unless otherwise agreed to by the parties in writing. (d) The Bureau agrees to honor all pre-existing discounts that have been established for convention rental and services. (e) It is the responsibility of the Bureau to keep accurate records of commitments and encumbrances made to organizations booked into the FWCC for future years and to ensure that the FWCC SPFF's financial capacity is not over committed. In the event that financial commitments have been made to support the activities of organizations and funds in the FWCC SPFF are not sufficient to make the financial payments, the Bureau agrees to make the City whole for such commitments. (ii) Will Rogers Memorial Center SPFF (a) The City and Bureau understand that there are some historical uses of the WRMC SPFF to support events held at the WRMC, some by contract and some by tradition. This specifically includes uses by Equestrian Shows, Stock Show Equestrian marketing services, Stock Show Rodeo tickets, and other important events and client entertainment as approved by the Director. These organizations and others have received cash support, event support, and entertainment support, among other types of support, funded through the WRMC SPFF. This Agreement shall allow for such types of support and others as deemed necessary by the Director to continue as part of the WRMC SPFF activities. (b) The Bureau and the Director will concur on the expenditures made from the WRMC SPFF fund. In the unlikely situation where the Bureau and the Department do not agree on First Amendment to CSC 44949 5 of 7 4 expenditures, the City Manager's office will make the final determination. (iii) SMF (a) The Bureau will have sole authority over all expenditures from the SMF made in compliance with the limitations prescribed by this Agreement. 6. Funding for the SMF shall not affect the general funding percentage allocation or the associated "true up"process set forth in the Agreement. 7. All services performed under this First Amendment are subject to all other applicable provisions of the Agreement,including,but not limited to, Sections 9-31 of the Agreement. 8. All terms and conditions of the Agreement not addressed herein remain in full force and effect and are binding upon the parties. 9. All terms in this First Amendment that are capitalized but not defined shall have the meanings assigned to them in the Agreement. IN WITNESS WHEREOF, the City and Bureau have caused this First Amendment to be executed and delivered by their duly authorized representatives in Fort Worth, Tarrant County, Texas on 21 day of R CC VYt�Ier , 2016. CITY OF FORT WORTH FORT WORTH CONVENTION AND VISITORS BUREAU By By: Ssan Alanis R ert Jameson Assistant City Manager resident and CEO Contract Compliance Manager: By signing, I acknowledge that I am the person responsible for the monitoring and administration of this contract, including ensuring all performance and reporting requirements. 40wlt-- Nam. 6/,Oevao o� Title:_ 8 5 6-r D ii?e, ?Ot2 APPROVED AS TO FORM AND LEGALIT Tyler WallpdV Assistant ity Attorney Fust Amendment to CSC 44949 6 of 7 �j O AaryJ. Kayser ' City Secretary �AS Authorization: M&C Numbers: C-2648 (September 24, 2013); C-26493 (October 7, 2013); C-26800 (May 13, 2014); C- 28037 (December 13, 2016) rv,v� t-zq ti Lolb -B(v OFFICIAL RECORD CITY SW MTARY FT.WORTH,TX First Amendment to CSC 44949 7 of 7 M&C Review Page 1 of 2 Official site of the City of Fort Worth,Texas FoRTIVORTIJ COUNCIL ACTION: Approved on 12/13/2016 DATE: 12/13/2016 REFERENCE **C-28037 LOG NAME: 25CVBAMENDMENT2016 NO.. CODE: C TYPE: CONSENT PUBLIC NO NO SUBJECT: Authorize Amendment to City Secretary Contract No. 44949, as Amended, an Agreement with the Fort Worth Convention and Visitors Bureau, to Allocate $100,000.00 Into a New Sports Marketing Fund for Specialized Sports Marketing Services (ALL COUNCIL DISTRICTS) RECOMMENDATION: It is recommended that the City Council authorize an amendment to City Secretary Contract No. 44949, as amended, an Agreement with the Fort Worth Convention and Visitors Bureau, to allocate $100,000.00 into a new Sports Marketing Fund for purposes of providing specialized sports marketing services. DISCUSSION: The City and the Fort Worth Convention and Visitors Bureau (CVB) are parties to City Secretary Contract No. 44949, a Professional Services Agreement under which the CVB markets and promotes Fort Worth as a business and leisure destination (Agreement). Funding for the CVB's general marketing and promotional activities and services is derived from a percentage allocation of the Hotel Occupancy Tax (HOT) collections that the City receives and that are not otherwise restricted or dedicated to a specific purpose by state law or local ordinance or agreement. During the annual budget process, the City allocates additional HOT funds into two special accounts to assist in attracting, maintaining, and retaining convention and equestrian-related business at the City's public facilities—the Fort Worth Convention Center Public Facilities Fund and the Will Rogers Memorial Center Public Facilities Fund (collective, SPFFs), along with a separate fund to support the Fort Worth Herd. In 2016, a sports marketing study was conducted and recognized that there was great opportunity and need for the expansion of the sports tourism services by the CVB. It found that Fort Worth has a sizable market with numerous positive attributes and sports tourism and events should be among the top priorities. To more effectively serve the sports tourism market, staff recommends allocating $100,000.00 into a new Sports Marketing Fund (SMF), which will be used for specialized sports marketing services to attract, secure, and host sporting events that will enhance the area's sports marketing program and create a positive economic impact for the City of Fort Worth. Funding for the SMF would be in addition to and fall outside of the above-stated funding models and would not affect the general funding percentage. The adopted Fiscal Year 2017 Budget was increased by$100,000.00 for the purpose of funding the Sports Marketing Fund. FISCAL INFORMATION/CERTIFICATION: The Director of Finance certifies that funds are available in the current Fiscal Year 2017 operating budget of the Culture & Tourism Fund and that prior to an expenditure being made, the participating department has the responsibility to validate available funds. http://apps.cfwnet.org/council_packet/mc review.asp?ID=24081&councildate=12/13/2016 12/28/2016 M&C Review Page 2 of 2 TO Fund Department Account Project Program Activity Budget Reference# Amount ID ID Year (Chartfield 2) FROM Fund Department Account Project Program Activity Budget Reference# Amount ID ID Year (Chartfield 2) Submitted for City Manager's Office by: Susan Alanis (8180) Originating Department Head: Kirk Slaughter(2501) Additional Information Contact: Betty Tanner(2502) ATTACHMENTS Certificate of Interested PartiesCVB.pdf http://apps.cfwnet.org/council_packet/mc review.asp?ID=24081&councildate=12/13/2016 12/28/2016