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Home My WebLink About03122024 Economic Development Subcomittee Meeting Agenda MEETING NOTICE/AGENDA ECONOMIC DEVELOPMENT SUBCOMMITTEE CONFERENCE CENTER 41000 MAIN STREET TEMECULA, CALIFORNIA MARCH 12, 2024 – 3:00 PM CALL TO ORDER: ROLL CALL: Mayor James Stewart and Mayor Pro Tem Brenden Kalfus PUBLIC COMMENTS A total of 15 minutes is provided for members of the public to address the Committee on items that are not listed on the agenda. Each speaker is limited to three minutes. If the speaker chooses to address the Committee on an item not listed on the agenda, a Request to Speak form may be filled out and filed with the staff liaison. Once the speaker is called to speak, please come forward. For all items on the agenda, a Request to Speak form may be filed with the staff liaison. On those items, each speaker is limited to five minutes. COMMITTEE BUSINESS 1. Review Economic Development Sponsorship Applications for Fiscal Year 2024-25 ADJOURNMENT March 6, 2024 ___________________________________ Date Randi Johl, City Clerk NOTICE TO THE PUBLIC The full agenda packet (Including staff reports and any supplemental material available after the original posting of the agenda), will be available for public viewing in the main reception area of the Temecula Civic Center during normal business hours at least 72 hours prior to the meeting. The material will also be available on the City’s website at TemeculaCA.gov and available for review at the respective meeting. If you have questions regarding any item on the agenda, please contact the City Clerk’s Department at (951) 694 -6444. In compliance with the Americans Disabilities Act, if you need special assistance to participate in this meeting, please cont act the City Clerk’s Department at 951-694-6444. Notification 48 hours prior to a meeting will enable the City to make reasonable arrangements to ensure accessibility to that meeting [28 CFR 35.102.35.104 ADA Title II] Item No. 1 ECONOMIC DEVELOPMENT PROPOSED FY 2024-2025 SPONSORSHIP FUNDING REQUESTS NOTE: 14 Applications: -4 Year-round Partners: EDC, IE Film Services, JDS Creative Academy, IESBDC -2 Multi- Year Partner Agreements: VTV, TVCC (No Application – 4 years left in agreement) -8 Special Events: Cycle For Hope, Halloween/ Holiday Lights Bike Ride, DigiFest, Walk of Hope, Old Town Quilt Show, TedX, Temecula Exotic Car Run, & TVBWF 1 of 2 PARTNERS MANAGED BY ECONOMIC DEVELOPMENT ORGANIZATION PARTNERSHIP FUNDING STAFF RECOMMENDATION GRANTED FY 23-24 REQUEST FY 24-25 Economic Development Coalition (EDC) Year-round -$ 30,000 MOU year 4 of 4 -$30,000 -Enter into a 3-year agreement at $43,560 each year Inland Empire Film Services Film Permits Year-round -$ 6,000 -$6,000 -$6,000 JDS Creative Academy Spirit of Innovation Year-round -In-kind Marketing -Airtime for Spirit of Innovation Series -Broadcasting Services via channel 3 -Social Media promotion -In-kind marketing -Broadcasting Services via channel 3 -Social Media promotion -In-kind marketing Inland Empire Small Business Development Center (IESBDC) Year-round -$7,500 -$7,500 -Enter into a 3-year agreement at $7,500 each year Visit Temecula Valley (VTV) Year-round -$40,000 Agreement year 3 of 3 -Enter into a 3-year agreement at $60,000 each fiscal year -Enter into a 3-year agreement at $60,000 each fiscal year Temecula Valley Chamber of Commerce (TVCC) Year-round -5-year agreement at $200,000 each fiscal year Agreement Year 1 of 5 N/A -$200,000 Agreement year 2 of 5 -$200,000 Agreement year 2 of 5 PARTNERS (ED) CASH $ 283,500 $ 303,500 $317,060 SPECIAL EVENTS (TCSD) CASH $ 28,800 $ 51,800 $ 38,800 TOTAL $ 312,300 $ 355,300 $355,860 ECONOMIC DEVELOPMENT PROPOSED FY 2024-2025 SPONSORSHIP FUNDING REQUESTS NOTE: 14 Applications: -4 Year-round Partners: EDC, IE Film Services, JDS Creative Academy, IESBDC -2 Multi- Year Partner Agreements: VTV, TVCC (No Application – 4 years left in agreement) -8 Special Events: Cycle For Hope, Halloween/ Holiday Lights Bike Ride, DigiFest, Walk of Hope, Old Town Quilt Show, TedX, Temecula Exotic Car Run, & TVBWF 2 of 2 SPECIAL EVENTS MANAGED BY COMMUNITY SERVICES ORGANIZATION PARTNERSHIP FUNDING STAFF RECOMMENDATION GRANTED FY 23-24 REQUEST FY 24-25 Bike Temecula Valley –Cycle for Hope October 2024 -N/A (New Applicant)-$10,000 -City Support for event/ location-Town Square -City event/ staff support Bike Temecula Valley –Halloween & Holiday Lights Ride October & December 2024 -N/A (New Applicant)-City escort -Community Services registration support -City escort -Community Services Registration support JDS Creative Academy - DigiFest Temecula April 2025 -In-kind Marketing -Support Costs -Use of Conf. Center -$5,000 -In-kind Marketing -Use of Conference Center -In-kind marketing -Use of Conference Center Michelle’s Place – Walk of Hope October 2024 -N/A (New Applicant)-Community Services/ PW Support -RSO/ Fire Support -In-kind Marketing -$10,000 for traffic control -City Support -In-kind marketing Old Town Quilt Show October 2024 -$1,800 -In-kind Marketing -Support Costs -Use of Theater, dance studio, Merc, Lot of Main -$1,800 -In-kind Marketing -Use of Theater, dance studio, Lot of Main -Community Services support -$1,800 -In-kind Marketing -Use of Theater, dance studio, Lot of Main -Community Services support TedX Temecula September 2024 -Use of City Facility -In kind Marketing -Use of Old Town Theater + staff & crew -In-kind Marketing -Use of Old Town Theater + staff & crew -In-kind Marketing Temecula Exotic Car Run TBD Fall 2024 -N/A (New Applicant)-City Support -Public Works Support -City support for further discussion Temecula Valley Balloon and Wine Festival (TVBWF) May 2025 -$27,000 -In kind Marketing -Use of Conference Center -$35,000 -$27, 000 -In kind Marketing -Use of Conference Center SPECIAL EVENTS (TCSD) CASH $ 28,800 $ 51,800 $ 38,800 PARTNERS (ED) CASH $ 283,500 $ 303,500 $ 317,060 -TOTAL $ 312,300 $ 355,300 $ 355,860