Agenda - 09-04-2014 - 6h - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: September 4, 2014 Action Agenda Item No. 6 -h SUBJECT: Performance Agreement Between the Town of Chapel Hill and Visitors Bureau DEPARTMENT: Chapel Hill /Orange County PUBLIC HEARING: (Y /N) No Visitors Bureau ATTACHMENT(S): INFORMATION CONTACT: 2014 -2015 Performance Agreement Between the Town of Chapel Hill and Laurie Paolicelli, 919 - 245 -4322 the Chapel Hill /Orange County Visitors Bureau for Annual Funding PURPOSE: To approve and authorize the Manager to sign the 2014 -2015 performance agreement between the Town of Chapel Hill and the Visitors Bureau. BACKGROUND: Pursuant to the Chapel Hill /Orange County Visitors Bureau's annual performance agreement with the Town of Chapel Hill for tourism promotion, $175,000 is allocated to the Visitors Bureau annually. In addition, the Town will pay 50% of any additional revenues collected in the event the hotel /motel occupancy receipts exceed the Town's budgeted amount of $985,000. For fiscal year 2012 -13, occupancy receipts exceeded the Town's budget by $26,000 whereby the Town provided an additional $13,000 to the Bureau. For fiscal year 2013 -14, receipts exceeded the Town's budget by approximately $102,000 and the Bureau expects an estimated $51,000 in additional funding to be paid in FY 2015. FINANCIAL IMPACT: The Town of Chapel Hill will provide $175,000 to the Chapel Hill /Orange County Visitors Bureau, plus 50% of any additional revenues collected in the event the hotel /motel occupancy receipts exceed the Town's budgeted amount of $985,000 RECOMMENDATION(S): The Manager recommends that the Board approve the performance agreement between the Town of Chapel Hill and the Visitors Bureau, and authorize the Manager to sign the agreement on behalf of the County.