CITY OF ORLANDO
COUNCIL AGENDA ITEM

Items Types:
Orlando Venues 		For Meeting of:
July 28, 2014
District: ALL From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No
Subject:
Agreement and Amended Agreements with Orlando Sports Holdings, LLC to qualify for State Sales Tax Rebate
Summary:
The 2014 Florida Legislature amended the statutory provisions allowing professional sports franchises to qualify for state sales tax rebates to be used for the construction of new sports facilities.  The amended statutory language will allow the City to apply for a rebate of state sales taxes expected to be created by the new Major League Soccer franchise, Orlando City Soccer, owned by Orlando Sports Holdings, LLC.  Minor modifications to the previously approved Soccer Stadium Use Agreement , Soccer Project Construction Agreement and Non-Relocation Agreement are needed in order to meet specific statutory prerequisites.  The agreement amendments extend the initial term of the Facility Use Agreement from 25 to 30 years and makes the Team responsible for repayment of any shortfall should sales taxes not materialize as anticipated or should the Team relocate within the 30 year repayment window and makes the Team responsible to meet other statutory requirements. The fourth Agreement, an Exclusive Intent to Negotiate, is another prerequisite to the application for funding.  Council approval will allow the City to proceed with the application process.
Fiscal & Efficiency Data: These Agreements should have no additional Fiscal Impact to the City.  
Recommended Action:
Approval by City Council authorizing the Mayor and City Clerk or Mayor Pro Tempore and City Clerk to sign these agreements in substantially the attached form, upon final review and approval by the City Attorney, and authorizing the City to apply for the State Sales Tax Rebate funding for the new Soccer Facility and to execute any documents needed to complete this application process.
Agenda Item attachment(s) on file in the City Clerks Office.
Note: All agenda items must be in the City Clerk's office by Noon Friday, six(6) business days prior to the regular Monday City Council meeting.
Contact: Jody M. Litchford
Approved By:

Department Date and Time
Budget Outside Routing Approval 7/22/2014 4:19 PM
City Clerk 7/22/2014 4:23 PM
ATTACHMENTS:
Name: Description: Type:
Amended_and_Restated_Soccer_Stadium_Use_Agreement_7-22-14.DOCX Amended Soccer Stadium Use Agreement Backup Material
Amended_and_Restated_Soccer_Stadium_Non-Relocation_Agreement_7-22-14.DOCX Amended Soccer Non-relocation agreement Backup Material
First_Amendment_to_Project_Construction_Agreement_(Orlando_-_Soccer_Stadium)_7-22-14[1].docx Amended Soccer Stadium Construction Agreement Backup Material
Exclusive_Intent_to_Negotiate_Agreement.DOCX Exclusive Intent to Negotiate Agreement Backup Material
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