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HomeMy WebLinkAboutCOW 2015-03-09 Item 4C - Discussion - Loding Tax Funds for Street Pole Banners (S2 and Sounders Games at Starfire Sports Complex)COUNCIL AGENDA SYNOPSIS Meeting Date Prepared by Mayor's review Coarneil review 03/09/15 BM `' " �- C'ti 03/16/15 BM 0 Ordinance Aitg Date © Bid ALeg Dale Award ❑ Public Hearing A•1tg Date ❑ Other Mfg Date CATEGORY C Dircuayion 14( A-Itg Date A1dg SPONSOR ❑ (oundl ITEM INFORMATION ITEM No. 49 STAFF SIBONSoIt: BRANDON MILES ORIGINAL AGEND.4 D:4'I"I:: 03/09/15 AGIiNDA ITEM Triti Funding request to install street pole banners for Sounders 2 games. 03/09/15 Motion Date 3/16/15 ❑ Resolution ,•1ttg Date 0 Ordinance Aitg Date © Bid ALeg Dale Award ❑ Public Hearing A•1tg Date ❑ Other Mfg Date CATEGORY C Dircuayion 14( A-Itg Date A1dg SPONSOR ❑ (oundl ❑ FIR E DCD ❑ Finance ❑ Fire 1 P R ❑ Police ❑ P17 %;1 Mayor MI IT SPONSOR'S Staff is requesting $6,500 in lodging tax funds to install up to 20 Tight pole banners around SUMMARY the Starfire sports complex. The banners will be installed along Fort Dent Way and Interurban Avenue. The banners will be used to promote S2 games and the Sounders at the Starfire Sports Complex. RI ?\'IEWE1) BY ❑ COW Mtg. ❑ CA &P Cmte ❑ Utilities Carte ❑ Arts Comm. DATE: 3/3/15 E. F &S Cmte Comm. CHAIR: ❑ Transportation Cmte [] Parks COMMITI "EE 1 Planning Comm. HOUGARDY RECOMMENDATIONS: SPoNsoR/Au23IN. COMM Economic Development M I Unanimous Approval; Forward to Committee of the Whole COST IMPACT / FUND SOURCE EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED $6,500 $0.00 $6,500 Fund Source: LODGING TAX FUNDS Comments: Funds will come from the City's estimated 2015 ending balance of $389,674. MTG. DATE RECORD OF COUNCIL ACTION 03/09/15 MTG. DATE ATTACHMENTS 03/09/15 Informational Memorandum datd 2/18/15 Draft mock ups of banners (subject to change) Minutes from the Finance and Safety Meeting of 3/3/15 3/16/15 49 City of Tukwila Jim Naggerton, Mayor INFORMATIONAL MEMORANDUM TO Mayor Haggerton Finance and Safety FROM Brandon J. Miles Economic Development Liaison DATE: February 18, 2015 SUBJECT: Installation of Street Pole Banners for the Sounders ISSUE Authorization to expend up to $6,500 in lodging tax funds for the manufacture and installation of street pole banners around the Starfire Sports Complex. BACKGROUND Since 2009, the Starfire Sports Complex at Fort Dent Park, has been the training ground to the Sounders FC. Sounders FC is one of the dominant and most successful soccer clubs in Major League Soccer (MLS). Besides training at the facility. the Sounders also host US Open Cup games at the Starfire Stadium. These games are regularly sold out and attract thousands of visitors to the City. In 2014, the Sounders announced that they were farming a second team, known as "82 ". S2 will play in the United Soccer League (USL) and provide younger players the opportunity to get game experience. S2 will train and play all of their 14 homes games at Starfire. Additional games, such as US Open Cup games for S2 and playoff games are also likely. Season ticket sales have been strong and it is likely that the S2 games will also be sold out The following are staffs estimates for the impacts that the 82 games will have this year at Starfire: 1. At least 2$,000 fans total will visit the city for the 14 scheduled home games. 2. Over 5,000 people will visit the City to attend S2 games who live more than 50 miles away from the City. 3. Of the 5,000 people who travel more than 50 miles away for the games, over 1,000 will be from outside the State. These numbers only include the regularly scheduled 32 games and do not include US Open games, both by S2 and the MLS Sounders team and does not include likely playoff games by S2 at Starfire. Staff is requesting $6,500 in lodging tax funds to install up to 20 light pole banners around the Starfire sports complex. The banners will be installed along Fort Dent Way and Interurban Avenue. The banners proposed have several goals: Create a festive environment for fans that have come to the City to attend Sounders events, which will hopefully attract more fans to visit; Build a deeper connection between the Sounders team and organization with the Southcenter area and Tukwila Community; Allow the City to begin the process of branding the Southcenter area as an entertainment district. Many entertainment districts, such as the Stadium District in Seattle and Portland's Rose District, display light pole banners; and 51 52 INFORMATIONAL MEMO Page 2 Provide and opportunity for the City's name to create impressions to fans visiting Starfire. All of the banners will clearly have "Tukwila" fisted on them. FINANCIAL IMPACT With installation and a ten percent contingency, it is estimated that the banners will cost no more than $6.275. The cost of installation could be much lower if we are able to re -use the brackets that were used in 2008 for the light pole banners that were installed for the City's centennial. No general funds dollars will be used The source of the funds for the installation will come from the City's Lodging Tax. Lodging tax funds are intended to be used for tourism promotion, such as the banners being proposed. RECOMMENDATION The Council is being asked to place this item on the March 9th Committee of the Whole agenda for discussion and on the March 16th Consent agenda. As required State Law, the City's Lodging Tax Advisory Committee (LTAC) considered the funding request at its meeting on February 20, 2015 and recommended that the City Council approve the funding request. ATTACHMENTS • Draft design of banners (to be provided at Finance and Safety Meeting) W.12015 Info MemoslLodgingTaxbanners.doc TUKWILA S2 HOME OF S2 City of Tukwila Finance and Safety Committee FINANCE AND SAFETY COMMITTEE Meeting Minutes March 3, 2015 — 5:30 p.m.; Hazelnut Conference Room PRESENT Councilmembers: Kathy Hougardy, Chair; Joe Duffie, Kate Kruller (Absent: De'Sean Quinn) Staff: Peggy McCarthy, Vicky Carlsen, Brandon Miles, Gail Labanara, Laurel Humphrey Guests: Susan Musselman and Duncan Brown, Public Financial Management CALL TO ORDER: Committee Chair Hougardy called the meeting to order at 5:30 p.m. I. PRESENTATIONS No presentations. II. BUSINESS AGENDA Consensus existed to consider item 2b as the first item of business. A. Authorization to Spend Lodging Tax Funds for Street Pole Banners Staff is seeking Council approval of a $6,500 expenditure in lodging tax funds for the manufacture and installation of street pole banners around the Starfire Sports Complex. The banners will be installed along Fort Dent Way and Interurban Avenue to promote the second Sounders team, "S2," whose games are expected to attract many visitors. As required by law the City's Lodging Tax Advisory Committee considered the funding request at its February 20 meeting and recommended that the Council approve the request. Committee Chair Hougardy asked for updated attendance statistics when they are available. UNANIMOUS APPROVAL. FORWARD TO MARCH 9, 2015 COMMITTEE OF THE WHOLE. B. Ordinance: $6,250,000 Limited Tax General Obligation (LTGO) Bonds for Arterial Streets Staff is seeking Council approval of an ordinance that would authorize the issuance of up to $6.25 million in limited tax general obligation bonds for the Boeing Access Bridge retrofit project and the Interurban Avenue Improvement project. The 2015 -2020 CIP shows the City's share of costs for these projects as $6.3 million and total anticipated bonding as $5.6 million. Annual debt service for this bond issue has been budgeted at $448 thousand, and the current estimate is $420,000. The bond issue will fund the majority of the City's share of costs and the annual debt service is expected to be less than that shown in the adopted budget and CIP. The Committee requested that staff update the City's "Schedule of Prior, Existing, and Future Anticipated Long -Term Debt Service" to reflect this action. UNANIMOUS APPROVAL. FORWARD TO MARCH 9, 2015 COMMITTEE OF THE WHOLE. C. Ordinance: Debt Service Payment Dates Staff is seeking Council approval of an ordinance that would amend Ordinances 2464 and 2465 to conform the debt service payment dates stated therein to the dates specified at closing by the purchasers of the Note and the Bonds referenced therein. The amendment to Ordinance 2464, issuance of the Limited Tax General Obligation Bond Anticipation Note, 2014, would accelerate payment from April to March. The amendment to Ordinance 2465, issuance of the Limited Tax General Obligation Bonds, 2014, would provide an addition eleven months before a rate reset is required which is an advantage to the City. UNANIMOUS APPROVAL. FORWARD TO MARCH 9, 2015 COMMITTEE OF THE WHOLE. 55