SUBJECT
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Discussion with possible action to enter into an Agreement with the Laredo PONY Association for sponsorship in an amount no to exceed $90,000.00 of the 2025 PONY Super Regional Tournaments, Palomino Zone and Bronco and Palomino World Series. It is anticipated that over 60 teams will participate from out-of-town. Funding is available in the Convention and Visitor’s Bureau Fund
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PREVIOUS COUNCIL ACTION
24-1231 Council approved a sponsorship for $90,000.00
BACKGROUND
City Council has previously approved sponsorship for Laredo PONY Association in 2021, 2022, and 2023 with an array of tournament configurations throughout the years.
COMMITTEE RECOMMENDATION
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STAFF RECOMMENDATION
recommendation
Staff recommends a sponsorship MOU with Laredo PONY
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Fiscal Impact
Fiscal Year: 2024-2025
Budgeted Y/N?: Y
Source of Funds: CVB Funding
Account #: 250.5315.553.5606
Change Order: Exceeds 25% Y/N: N
FINANCIAL IMPACT:
Sponsorship in an amount no to exceed $90,000