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HomeMy WebLinkAboutCOR-18-001 - Sponsorship Agreement - RBJ Schlegel ParkREPORT TO: Special Council DATE OF MEETING: April 30, 2018 SUBMITTED BY: Colleen Collins, Interim Director, Corporate Communications and Marketing, 519-741-2200 x7094 PREPARED BY: Colleen Collins, Interim Director, Corporate Communications and Marketing, 519-741-2200 x7094 Dylan Matthews, Policy & Program Advisor (OSP), 519-741-2200 x 5269 WARD (S) INVOLVED: Ward 5 DATE OF REPORT: April 26, 2018 REPORT NO.: COR-18-001 SUBJECT: SPONSORSHIP AGREEMENT FOR RBJ SCHLEGEL PARK, 1955 FISCHER-HALLMAN ROAD RECOMMENDATION: That the Mayor and Clerk be authorized to execute a Sponsorship Agreement with Schlegel Urban Developments Corp. regarding their sponsorship and -Hallman Road in south Kitchener; said agreement to be to the satisfaction of the City Solicitor. BACKGROUND: In 2013, Council approved a Municipal Partnership Program (MPP) in order to take a comprehensive and proactive approach to sponsorship and advertising opportunities as a means of generating new revenues for the city. In 2016, the Office of Strategic Partnerships (OSP) was created to provide support and advice to staff across the corporation and deliver on the MPP by developing policies, guidelines and training to support the C approach towards sponsorship opportunities. Council, at that time, also approved a list of assets available for future sponsorship opportunities. Since 2016, the OSP has successfully negotiated a number of sponsorship agreements that have generated new revenue to support investments that contribute to the high quality of life Kitchener residents enjoy. REPORT: The City of Kitchener is looking for ways to minimize financial impacts on taxpayers by generating new non-tax based revenue. City-owned assets, like the South Kitchener District Park, offer revenue-generating opportunities through private sector partnership agreements, which may include advertising, sponsorship (of programs/initiatives/services/events) and naming rights. In accordance with the Municipal Sponsorship Policy, the City has negotiated a sponsorship agreement with Schlegel Urban Developments Corp., valued at $2.3M, for the naming rights of the park currently referred to as the South Kitchener District Park. *** This information is available in accessible formats upon request. *** Please call 519-741-2345 or TTY 1-866-969-9994 for assistance. 1 - 1 With this agreement, the City agrees to officially name the park the RBJ Schlegel Park for a term of 40 years from the park opening date. In addition to the official park name, the agreement also includes the naming of two outdoor artificial turf soccer fields and one outdoor natural turf field for a term of 10 years. Payment of the sponsorship will occur over a 10-year period, beginning with the park opening. Financial details: Allocation of the funding will be determined by council through either the 2019 budget process or a future staff report. As per the Municipal Sponsorship Policy, revenue generated can be allocated towards one or more of the following: Improving the sponsored program and/or audience experience Direct servicing costs of partnership arrangements A reserve account for future investments in the community Administrative costs associated with the Office of Strategic Partnerships ALIGNMENT WITH CITY OF KITCHENER STRATEGIC PLAN: The recommendation of this report supports the achievement through the delivery of core service. FINANCIAL IMPLICATIONS: The sponsorship agreement is for $2.3M (+HST) payable to the City of Kitchener. The total sponsorship value will be paid out with annual payments of $230,000 over 10 years, beginning with the park opening date. COMMUNITY ENGAGEMENT: INFORM council / committee meeting. ity Address on April 17 and included in a media release following the event. ACKNOWLEDGED BY: Victoria Raab, General Manager, Corporate Services 1 - 2