HomeMy WebLinkAboutSigned Agenda 2-8-2013AGENDA REQUEST
ITEM N0.
SPECIAL MEETING
DATE: February 8, 2013
REGULAR [XXJ
PUBLIC HEARING []
CONSENT[]
TO: BOARD OF COUNTY COMMISSIONERS
SUBMITTED BY(DEPT]:
County Attorney
SUBJECT:
BACKGROUND:
FUNDS AVAILABLE:
PREVIOUS ACTION:
RECOMMENDATION:
COMMISSION ACTION:
[.APPROVED []DENIED
[ ]OTHER:
Approved 5.0
CONCURRENCE:
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Faye W. Outlaw, MPA
County Administrator, ICMA-CM
aeNew entl Aoorovals
County Attorney: Management & Budget
Daniel S. McIntyre
Originating Dept. Solid Waste Mgr.: County Eng.:
PRESENTED BY:
Daniel S. McIntyre
County Attorney
Tradition Field -Naming Rights Agreement
See attached memorandum
Staff recommends that the Board approve the Naming Rights
Agreement and authorize the Chairman to sign the Agreement.
Finance: (Check for copy only, if applicable) Eff. 5/96
INTER-OFFICE MEMORANDUM
ST. LUCIE COUNTY, FLORIDA
TO: Board of County Commissioners
FROM: Daniel S. McIntyre, County Attorney
C.A. NO.: 13-0078
DATE: February 7, 2013
SUBIECT: Tradition Field -Naming Rights Agreement
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BACKGROUND:
Attached is a copy of a Naming Rights Agreement between the County and Tradition Land
Company, LLC ("Tradition"). The Agreement was negotiated by the New York Mets on behalf of St.
Lucie County. The August 1, 2003, Facilities Use Agreement designates the Mets (Sterling Facilities
Services) as the County's excl usive agent for ma rketing the na ming rights for the Sports Complex. The
proposed payment is $75,000 for 2013. The payment in subsequent years would increase by a CPI
factor. In return for payment from Tradition each year, the County agrees to rename the Stadium
as "Tradition Field." The Agreement runs from the date of execution of the Agreement and expires
on December 31, 2017. Tradition has the option to extend the Agreementfora period ofsix (6) years
through December 31, 2023. If Tradition does not exercise the extension, Tradition shall make a
payment of $62,500 to the County on or before September 1, 2016. The Agreement also
contemplates the potential of a "Second Team:' If a Second Team commits to using the Sports
Complex for its spring training tames, Tradition has the option of paying an additional $50,000 or
terminating the Naming Rights Agreement and the Advertising Agreement together with a "Buyout
Payment." IfTradition exercises the Second Team Termination option and pays the Buyout Payment,
Tradition will not be obligated to pay the $62,500.00 additional fee set out above.
Staff recommends that the Board approve-the Naming Rights Agreement and authorize the
Chairman to sign the Agreement.
submitted,
Daniel S. McIntyre
County Attorney
DSM/caf
Attachment