Subject:
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Interlocal Agreement with the City of St. Petersburg for participation in the negotiation process to retain the Tampa Bay Rays Major League Baseball Team.
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Recommended Action:
Recommended Action
Approval and execution by the County Administrator of the Interlocal Agreement with the City of St. Petersburg (City) for participation in the negotiation process with Inner Circle Sports LLC ( Inner Circle) for the retention of the Tampa Bay Rays (Rays) Major League Baseball (MLB) Team.
• Interlocal Agreement will provide the City an opportunity to participate in the negotiation process with the goal of coming to an agreement with the Rays and retaining the team in the City of St. Petersburg.
• In exchange, the City will equally share in the cost for Inner Circle’s consulting services by reimbursing the County for up to $110,000.00 in expenditures.
• Interlocal Agreement will terminate upon a 30-day notice provided by either party, or upon Notice of Fiscal Non-Funding from the City.
• The previous Interlocal Agreement between the City and County expired on December 31, 2021.
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Strategic Plan:
Foster Continual Economic Growth and Vitality
4.6 Support a vibrant community with recreation, arts, and culture to attract residents and visitors
Deliver First-Class Services to the Public and Our Customers
5.1 Maximize partner relationships and public outreach
Summary:
The Interlocal Agreement will allow the City an opportunity to participate in discussions between the County and Inner Circle, the consulting firm hired to assist the County with negotiations for the retention of the Rays. Inner Circle will serve as the negotiation liaison between the County, City and Rays in addition to providing expertise on negotiation strategies, multi-use stadium finance structures, available funding tools and more, with the goal of reaching an agreement for retention of the Rays. In exchange for the opportunity to participate, the City will reimburse the County for 50% of the cost for Inner Circle’s consulting services.
Background/Explanation:
The Interlocal Agreement is a continuation of services provided through the previous Interlocal Agreement between the City and County, which expired on December 31, 2021.
The Services Agreement (Contract 22-0412-A) between the County and Inner Circle for MLB consulting services is effective for a period of 10 months beginning March 10, 2022. The estimated not-to-exceed expenditure of $220,000.00 will be shared equally by the City as provided through this Interlocal Agreement.
The term of the Interlocal Agreement will be effective on the date of filing with the Clerk of the Circuit Court and will terminate upon 30 days notice from either the City or County, or upon a Notice of Fiscal Non-Funding from the City.
Fiscal Impact:
Estimated Revenue: $110,000.00
Funds received through this Interlocal Agreement will offset County expenditures associated with Contract 22-0412-A.
Funding to support this Interlocal Agreement and associated Services Agreement is provided through the Tourist Development Tax.
Delegated Authority:
Authority for the County Administrator to sign this Interlocal Agreement is granted under Code Section 2-62 (a)(1).
Staff Member Responsible:
Steve Hayes, Director, Convention and Visitors Bureau
Partners:
City of St. Petersburg
Attachments:
Interlocal Agreement