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cw entree fee of $100 per player, the tournament could generate as much as $12,000. At standard summer rates, Sandridge Golf Club is projected to realize up to $3000 in golf fees leaving $3,000 to cover direct expenses associated with the golf outing including an awards luncheon. The primary funding obligation of the County and the Sports Commission is hosting the Opening Ceremony and Dinner at Historic Dodgertown. The cost of the dinner is estimated at approximately $16,000 plus incidentals such as program brochures. By also acting as a sponsor, Historic Dodgertown has agreed to allow other corporate sponsors to supply selected beverages at no cost to the County. Working directly with County staff, the Treasure Coast Sports Commission is projecting to fully fund the event through corporate sponsorships and in-kind contributions, along with a labor force of volunteers, including security provided by the Indian River County Sheriffs Office and the Florida Fish and Wildlife Service. Should the sponsorship drive fall short of fully funding the dinner, the Sports Commission would apply for a budget amendment to its annual allocation of tourist tax, but only if covering the shortfall would compromise the sponsorship of another scheduled sporting event in Indian River County. The initial response to the publication of the sponsorship brochure has been positive. RECOMMENDATION: Staff' recommends that the Board of County Commissioners approve the attached agreement and authorize the Chairman to sign. ATTACHMENTS: Shooting Industry Masters Agreement Approved Agenda Item BY: Joseph A. Baird County Administrator FOR: Indian River Co. Approved Date Administration County Attome 3 l Budget Department Risk Management o FAAssistant County Administrator\AGENDA ITEMS124141BCC 03 MAR 201418CC Memo Approval of 2014 Shooting Industry Master Agreement.doc 104