BY COUNCILOR REINERT:
WHEREAS, the city council approved Resolution 05-0101, authorizing an agreement with Lou Campbell, d/b/a Lou Campbell Productions, allowing the use of Bayfront festival park to present three special events; and
WHEREAS, the promoter experienced much higher costs then proceeds in producing Fourth Fest.
NOW, THEREFORE, BE IT RESOLVED, that the payment of $20,000 to the promoter contained in Article IV is hereby changed to $25,000. Said additional funding to come from Fund 100-700-1410-5408, Tourism Fund.
STATEMENT OF PURPOSE: This resolution increases the compensation to the promoter by $5,000 due to cost greatly exceeding revenues for Fourth Fest events.