ITEM TITLE:
Title
Consider approving an agreement between the Lawton Community Theatre, Inc. and the City of Lawton, subject to the Lawton Community Theatre, Inc. also approving the agreement, to fund activities by the Theatre designed to encourage, promote and foster tourism and economic development in the City, and authorize the Mayor and the City Clerk to execute the agreement.
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INITIATOR: Rebecca Johnson, Finance Director
STAFF INFORMATION SOURCE: Rebecca Johnson, Finance Director
BACKGROUND: The Lawton Community Theatre Inc. seeks to obtain funding from the Hotel/Motel Tax that would enable them to continue efforts to encourage, promote and foster tourism and economic development. Funds requested would not exceed the amount of Twenty Thousand and 00/100 Dollars ($20,000.00). The agreement includes a provision providing that the Theatre’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.
EXHIBIT: Proposed agreement with attached budget
KEY ISSUES: N/A
FUNDING SOURCE: Hotel/Motel Tax Funds
STAFF RECOMMENDED COUNCIL ACTION: Approve the agreement, subject to the Lawton Community Theatre, Inc. also approving the agreement, and authorize the Mayor and City Clerk to execute the agreement.