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Home My WebLink About03122024 Economic Development Subcommittee Action Minutes ACTION MINUTES ECONOMIC DEVELOPMENT SUBCOMMITTEE CONFERENCE CENTER 41000 MAIN STREET TEMECULA, CALIFORNIA MARCH 12,2024 -3:00 PM CALL TO ORDER at 3:06 PM: Mayor James Stewart ROLL CALL: Mayor James Stewart and Mayor Pro Tern Brenden Kalfus PUBLIC COMMENTS -AGENDA ITEM The following individual(s) addressed the Subcommittee on Business Item#1: • Connie Stopher—Economic Development Coalition(EDC) • Dan Taylor and Linda Kai Gorman—Inland Empire Film Services • Diane Strand—JDS Creative Academy—Spirit of Innovation • Paul Nolta—Inland Empire Small Business Development Center(IESBDC) • Gary Oddi & Felicia Horton—Bike Temecula Valley—Cycle for Hope • Gari Oddi—Bike Temecula Valley—Halloween& Holiday Lights Bike Ride • Diane Strand—JDS Creative Academy—DigiFest Temecula • Amber Berky& Annie Bostre-Le—Michelle's Place- Walk of Hope • Tamara Kope—Valley of the Mist Quilters Guild • Jonathan Montanez—TedX Temecula • Jim Crosby—Temecula Valley Balloon& Wine Festival SUBCOMMITTEE BUSINESS 1. Review Economic Development Sponsorship Applications for Fiscal Year 2024-2025 The Subcommittee was supportive of staff recommendations with modifications to the following special events: • Bike Temecula Valley—Cycle for Hope • Temecula Valley Balloon& Wine Festival ADJOURNMENT: This meeting was officially adjourned at 3:4 PM Date Kevin Hawkins, Assis t City Manager ECONOMIC DEVELOPMENT FINAL 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 FINAL 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 $ 43,800 TOTAL $ 312,300 $ 355,300 $360,860 ECONOMIC DEVELOPMENT FINAL 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 FINALGRANTED 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 - $2,000 -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 - $30,000 - In kind Marketing - Use of Conference Center SPECIAL EVENTS (TCSD) CASH $ 28,800 $ 51,800 $ 43,800 PARTNERS (ED) CASH $ 283,500 $ 303,500 $ 317,060 -TOTAL $ 312,300 $ 355,300 $ 360,860