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Regular Agenda Item 2. P.

Regular BOS Meeting

Meeting Date:	04/16/2024
Submitted For:	Stephen Christensen	Submitted By:	Melissa Wile, Executive Assistant
Department:	Board of Supervisors-District 1
Fiscal Year:	2023-2024	Budgeted?:	Yes
Contract Dates Begin & End:	03/29/2024-03/29/2025	Grant?:	No
Matching Requirement?:	No	Fund?:	Renewal

Information

Request/Subject

Approval of Economic Development Agreement No. 03192024.

Background Information

Every year, funds are budgeted to support economic development activities. Payson Pro Rodeo Committee, Inc. has applied to Gila County for an economic development grant in the amount of $20,000 to support Gary Hardt Memorial Rodeo and the World's Oldest Continuous Rodeo.

Under A.R.S. §11-254, contributions may be made to any governmental agency or to a non-profit corporation that enjoys and maintains federal tax-exempt status as long as all monies are utilized for the purpose determined to be public by the Board. Payson Pro Rodeo Committee, Inc. will provide the direct benefit of advertising the County.

Payson Pro Rodeo Committee, Inc. has requested funding to support the Gary Hardt Memorial Rodeo and the World's Oldest Continuous Rodeo. Funds will be utilized to assist with advertisement through radio, internet, television, and various newspapers. The rodeos bring approximately $680,000 in tourism revenue to Gila County assisting with the overall economic vitality in Gila County.

The organization will advertise Gila County at all rodeo performances.

Evaluation

Funds are available. After reviewing the application/agreement, and asking any necessary questions, the Board shall determine if the request is for the benefit of the public. The Board may approve Economic Development Agreement No. 03192024 if the Board determines it to be for the benefit of the public. The funds shall be used for the specific purpose described above.

Conclusion

Funds are available and after evaluation, the Board may approve Economic Development Grant No. 03192024 that the Board has determined to be for the benefit of the public. All grant monies awarded to the non-profit shall be used for the purpose determined to be public by the Board.

Recommendation

After evaluation, the Board may approve Economic Development Agreement No. 03192024 with Payson Pro Rodeo Committee, Inc., a non-profit corporation, if the Board has determined that the contribution will be utilized for the benefit of the public.

Suggested Motion

Information/Discussion/Action to approve Economic Development Agreement No. 03192024 between Gila County and Payson Pro Rodeo Committee, Inc. in the amount of $20,000, which the Board has determined to be for the benefit of the public. (Dan Wile/Stephen Christensen)

Attachments
Economic Development Agreement No. 03192024 - Payson Pro Rodeo Committee, Inc
Request Letter
W9
501(c)3