ITEM TITLE:
Contingent upon the passage of the proposed Hotel/Motel Resolution, consider approving an Agreement between the Lawton Fort Sill Chamber of Commerce and the City of Lawton to fund activities by the Chamber designed to encourage, promote and foster tourism, including elements of economic development related thereto in the City of Lawton, and authorize the Mayor and City Clerk to execute the Agreement.
INITIATOR: John Ratliff - City Manager
STAFF INFORMATION SOURCE: Rebecca Johnson - Finance Director
BACKGROUND: The Lawton Chamber of Commerce, Inc. seeks to obtain funding from the Hotel/Motel Tax that would enable them to continue their efforts to encourage, promote and foster tourism and, to a limited extent, economic development as it pertains to supporting business development within the City of Lawton, to include supporting these endeavors through various legislative and government affairs activities. The funds approved shall not exceed Eight Hundred Fourteen Thousand Nine Hundred Twenty-Six Dollars ($814,926.00). As always, the Agreement also includes a provision providing that the Chamber's receipt of such funds shall be subject to the City's collection of sufficient Hotel/Motel tax revenue to cover the City's budgeted Hotel/Motel tax obligations.
The Chamber's Professional Service Plan and Performance Measures are attached and incorporated into the Agreement to establish performance goals for the Chamber. Attachment A has been provided by the Chamber and reflects its performance measures and goals for Fiscal Year 2024-2025. Note: Attachment A has some modifications from the performance measures in the Attachment A of the Fiscal Year 2023-2024 Agreement. Both Agreements are attached for comparison.
EXHIBIT: (1) Proposed FY-24-25 Agreement with updated performance measures and Proposed Budget; (2) FY-23-24 Agreement for comparison.
KEY ISSUES: N/A
FUNDING SOURCE: Hotel/Motel Tax
STAFF RECOMMENDED COUNCIL ACTION: Continent upon...
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