carrollton_city_council_meeting_minutes_may_21_202.pdf
Carrollton approves Events Trust Fund support for LIV Golf
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Description
The Carrollton City Council approved a resolution to participate in the Texas Events Trust Fund Program in support of an LIV Golf tournament managed by Outlyr at Maridoe Golf Course. The City committed a $115,300 local funding match with a post-event state sales tax rebate that will ultimately be forwarded to Outlyr, tied to a minimum two-year event commitment.
Contract Details
Contract Amount
$115,300.00 local funding match; City rebate of state sales tax proceeds to Outlyr (amount dependent on event revenues)
Vendor
OUTLYR
Agency
City of Carrollton city, TX
Contract Type
OTHER
Document Date
May 21, 2024
Contract Term
Minimum two-year event commitment; City rebate described for one year; event in September 2024 with post-event certification and rebate cycle (45 days certification, 90 days City contribution, 6–9 months state rebate)
Renewal Info
Event commitment is for a minimum of two years, but the City’s described rebate arrangement is for one year; future years would require similar trust fund participation and match arrangements if pursued.
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carrollton_city_council_meeting_minutes_november_2.pdf
carrollton_city_council_meeting_minutes_november_2.pdf
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