HomeMy WebLinkAboutIR 8192 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. ql qq
C&MOT To the Mayor and Members of the City Council May 11, 1999
x ) Subject: FORT WORTH HERD PROGRAM MERCHANDISING
AGREEMENT
On January 12, 1999 (M&C C17224) the City Council approved an agreement with
Chisholm Trail Roundup, Inc. a 501(c)(3) non profit corporation to serve as the
primary support group for the Fort Worth Herd. This agreement authorized Chisholm
Trail Roundup to raise funds and solicit in-kind support for the program, subject to City
review and approval. Proceeds will be used to support the promotion and marketing of
the program as well as the educational and volunteer/docent components of the
program. Fundraising initiatives authorized in the agreement include merchandising
rights for sale of trademarked goods. Chisholm Trail Roundup has entered into a
merchandising agreement with Rodeo Shop, Inc. (Cowtown Coliseum). Major terms of
the agreement include:
1. One (1) year term with option to renew for one (1) year
2. Rodeo Shop shall retain rights to all licensed products for the program
3. Rodeo Shop shall make an initial capital investment of $40,000 to purchase
T-shirts caps, mugs, lapel pins and vests
4. Rodeo Shop shall handle all merchandise ordering, and warehousing as well
as invoicing and collections from retail outlets
5. Rodeo Shop shall pay to Chisholm Trail Roundup, ten (10%) percent of all
wholesale profit derived from wholesale sales. Rodeo Shop shall also
contribute in-kind donations in support of the Herd educational program
6. Rodeo Shop will abide by the agreement between the City and Chisholm and
agreement between the City and King Ranch, Inc.
Decisions regarding the selection and design of merchandise will involve
representatives from Rodeo Shop, Chisholm and City Staff. It is anticipated that
merchandise will be available for sale at retail outlets no later than June 12, 1999.
Should you have any questions regarding this matter please contact Richard Zavala,
Parks and Community Services Department Director.
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CityManager
ISSUED BY THE CITY MANAGER FORT WORTH,TEXAS