DATE: November 17, 2015
SUBJECT:
Title
RESOLUTION RESCINDING RESOLUTION 2015-64 APPROVED AT THE MAY 12, 2015 BOARD OF PORT COMMISSIONERS MEETING AND ADOPTING A LINE ITEM BUDGET IN AN AMOUNT NOT TO EXCEED $732,500 IN SPONSORSHIP FUNDING AND WAIVED DISTRICT SERVICES NOT TO EXCEED $896,272 TO SUPPORT 61 EVENTS THROUGH THE FISCAL YEAR 2015-16 TIDELANDS ACTIVATION PROGRAM
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EXECUTIVE SUMMARY:
At the May 12, 2015 Board of Port Commissioners Regular Meeting, the Board adopted a line item budget in an amount not to exceed $732,500 in sponsorship funding and waived District services not to exceed $896,272 to support 61 events through the fiscal year 2015-16 Tidelands Activation Program, which included an additional $25,000 in sponsorship funding beyond staff's recommendation for the program based on a request from the City of Coronado for their proposed event named "An Unforgettable Afternoon with the San Diego Symphony". Subsequently, Resolution 2015-64 was executed and Action Minutes of the May 12, 2015 Board of Port Commissioners Regular Meeting were approved. However, these items did accurately not reflect the Board's action in that they did not include the additional $25,000 in funding approved by the Board. This agenda rescinds the inaccurate resolution and approves a corrected resolution. Correction to the May 12, 2015 minutes will be recommended by separate action.
RECOMMENDATION:
Adopt a Resolution rescinding Resolution 2015-64 approved at the May 12, 2015 Board of Port Commissioners Meeting and authorizing a line item budget in an amount not to exceed $732,500 and District services not to exceed $896,272 for the Fiscal Year 2015-16 Tidelands Activation Program.
FISCAL IMPACT:
The FY 2015-2016 Marketing & Communications Department budget as approved by the Board with the District budget on May 12, 2015, had $650,000 allocated for the Tidelands Activation Program. In a separate agenda on May 12, 2015, the Board approved a total...
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