SUBJECT
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Approve an Interlocal Agreement with the City of Auburndale for Tourist Development Tax Funding for improvements to the Lake Myrtle Sports Complex and Auburndale Softball Complex. ($26,901,740 estimated expense over 23 years)
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DESCRIPTION
Polk County Tourism and Sports Marketing (PCTSM) recruits, partners and manages special events while promoting tourism to enhance the economic climate of Polk County. Currently, PCTSM is partnering with the City of Auburndale (City) to provide funds for the design, engineering, and construction of Phase IV of the Lake Myrtle Sports Complex and converting the Auburndale Softball Complex to artificial turf. The Interlocal Agreement provides for the expenditure of Tourist Development Tax funds (as authorized by Section 125.0104, Florida Statutes) for the improvements and expansion, financed by bonds or other conventional financing, to be issued or procured by the City. Improvements to the Lake Myrtle Sports Complex will be completed in three phases and include a) additional restrooms and concession stands throughout the complex, fencing around the soccer stadium, judges tower at the ski lake, parking, lighting, and electrical updates around the ski lake; b) engineering and construction of three multi-purpose (soccer) fields with parking, concessions and bathrooms; and c) construction of a baseball stadium. The conversion of the Auburndale Softball Complex to artificial turf will follow the completion of the phases at the Lake Myrtle Sports Complex. The agreement obligates the City to ensure that: (1) all improvements and expansion is completed by December 31st, 2029; (2) such fields are available, on a long-term basis, for use by the County in recruiting and hosting sports events; (3) Polk County shall have first priority usage of City facilities and receive a discounted rental rate, and (4) the County and City shall share sponsor revenues.
The Tourist Development Council (TDC) reviewed the project at its annua...
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