R2017-06 Release Funding Monies to Decatur Area Convention and Visitors Bureau

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RESOLUTION NO. R2017-016 RESOLUTION AUTHORIZING CITY TREASURER TO RELEASE FISCAL YEAR 2017 OPERATIONAL FUNDING MONIES TO THE DECATUR AREA CONVENTION AND VISITORS BUREAU BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DECATUR, ILLINOIS: Section 1. The City of Decatur has provided operational funding to the Decatur Area Convention and Visitors Bureau ("CVB") in exchange for CVB efforts in the promotion of conventions and tourism in the Decatur, Illinois area and to acquaint and inform the public as to these objectives by providing information and other civic and educational features as will foster, encourage and stimulate these purposes, dating to the original agreement between the City and the CVB entered into on August 19, 1981, with subsequent amendments, the last of record dated April 19, 1999. Section 2. That the City Treasurer is hereby, authorized and directed to release the annual operational funding monies for the fiscal year 2017 in the amount of$270,000 payable to the Decatur Area Convention and Visitors Bureau. Section 3. Said monies will be released by the City of Decatur to the Decatur Area Convention and Visitors Bureau in the amount of$60,000 in the months of February, April, July and October. Section 4. Additional monies will be released by the City of Decatur to the Decatur Area Convention and Visitors Bureau to provide funding for City Sponsorship of the Decatur/Forsyth LPGA Semetra Golf Classic in the amount of $20,000, and to provide funding for City sponsorship of the Farm Progress Show exhibitor dinner in the amount of$10,000, at such times as deemed necessary for sponsorship funding and upon request by the Decatur Area Convention and Visitors Bureau. PRESENTED and ADOPTED this 17th day of January, 2017. /'/' We� JULIE MOORE WOLFE, TOR ATTEST: CITY CL