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Funding: <br />The addition of the Expo Center rental will increase the base revenue to the County for this Event. <br />The net effect of the proposed Second Amendment along with additional fees for Fairgrounds <br />amenities reserved since the execution of the First Amendment will increase the base license fee <br />from $5,483.75 to $7,441.85. With respect to the additional alcohol permit fee revenue, the <br />differential under the proposed method is speculative at this time, but is expected to be negligible <br />in Staff's estimation. <br />Recomendation: <br />Staff respectfully recommends the Board to approve the Second Amendment to the License <br />Agreement and requests that the Board authorize its Chairman to sign of behalf of the County. <br />Attachment: <br />Second Amendment to License Agreement with Fully Involved Event Productions, LLC. <br />Approved <br />UVI <br />Jas -¢n E. Bro'w'n <br />C unty Administrator <br />FOR: October 4, 2016 <br />Indian River County <br />Approved Date <br />Administration <br />County Attorney <br />Budget <br />NA7 <br />Z <br />Department <br />Risk Management <br />F•\Assistant County Administrator\AGENDA ITEMS\2016\BCC 10 OCTOBER 2016\BCCMemo - Second Amendment to Rocktoberfest Festival <br />License Agreement.doc 182 <br />