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HomeMy WebLinkAbout2025-642-11.03.2025.docDocusign Envelope ID: 1AA01DEC-56A7-41BA-8480-C42A884085C3 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2025-642 RESOLUTION APPROVING A THREE-YEAR MARKETING AND SPONSORSHIP AGREEMENT WITH PANTHER SPORTS PROPERTIES/LEARFIELD COMMUNICATIONS OF KANSAS CITY, MISSOURI, IN THE AMOUNT OF $15,700.00 IN YEAR ONE; $16,485.00 IN YEAR TWO; $17,309.00 IN YEAR THREE AND AUTHORIZING THE MAYOR TO EXECUTE SAID DOCUMENT. WHEREAS the City of Waterloo seeks to promote community engagement, tourism, and economic development through strategic marketing and sponsorship opportunities; and WHEREAS, Panther Sports Properties/Learfield Communications of Kansas City, Missouri has proposed a three-year marketing and sponsorship package that includes advertising inventory, in-venue/venue-appropriate placements, digital/streaming/radio assets, and related promotional opportunities; and WHEREAS, the Agreement provides for annual payments by the city in the amounts of $15,700.00 in Year One; 16,485.00 in Year Two; and $17,309.00 in Year Three, for a total three- year amount of $49,494.00; and WHEREAS, City staff has reviewed the proposed Agreement, finds the terms acceptable and consistent with City objectives, and recommends approval. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo, Iowa, that: 1. The three-year Marketing and Sponsorship Agreement with Panther Sports Properties/Learfield Communications of Kansas City, Missouri is hereby approved in the annual amounts of $15,700.00 (Year One), $16,485.00 (Year Two), and $17,309.00 (Year Three), for a total not -to -exceed amount of $49,494.00 over the term. 2. The Mayor is authorized and directed to execute said documents on behalf of the City of Waterloo, Iowa. PASSED AND ADOPTED this 3rd day of November 2025. ATTEST: Signed by: K f ttcat '— FFGOBCOFFBCG4AB... Kelley Felchle, City Clerk SEAL O" q O 0 irr+*7 • DocuSigned by: Lfttti dart 0515D C8 4 Quentin art, ayor