SUBJECT
title
Authorizing the City Manager to amend 3rd Party Funding Hotel/Motel contract with Laredo Heat Youth Soccer, Inc. by changing the original expenses approved that were awarded by City Council on October 2, 2023.
From:
Original Expense Line Budget
|
Field Rental Fee |
$24,000.00 |
|
Player Registration Expense and Tournament Fees |
$4,000.00 |
|
Game Field and Improvement Expense |
$2,000.00 |
To:
Updated Expense Line Budget
|
Payroll Expense |
$12,000.00 |
|
Game Field and Equipment Expense |
$8,000.00 |
|
Player Registration Expense and Tournament Fees |
$5,000.00 |
|
Field Rental Fee Expense |
$3,000.00 |
|
Referee Fee Expense |
$2,000.00 |
body
PREVIOUS COUNCIL ACTION
On October 2, 2024, City Council authorized the City Manager to award and enter into contract with Laredo Heat Youth Soccer, Inc.
BACKGROUND
Laredo Heat Youth Soccer, Inc applied for Hotel-Motel for the FY 2023-2024 and was awarded $30,000 to pay for field rental fee, player registration expense and tournament fees, and game field and improvements expense.
They recently requested a change on their expense line budget due to them building their own field.
COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
recommendation
Staff recommends this motion be passed.
end
Fiscal Impact
Fiscal Year: 2024
Budgeted Y/N?: Y
Source of Funds: Hotel-Motel Tax
Account #: 244-4920-553-5479
Change Order: Exceeds 25% Y/N: N
FINANCIAL IMPACT:
No Financial Impact.