Agenda - Economic Development Authority - 03/09/2023

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$24.00 -Promo Item -TBD $150.00 -Hole Sponsor $25.00 -Best Hole Sponsor(Activity) $100.00 -Best Dressed Team Upon EDA approval of the $5,500 budget allocation, Staff would like to send out a"Save the Date" and the email invite to Ramsey Businesses and past attendees on or before June 2, 2022. Key Dates (tentative): April 14 - Save the Date flyers emailed and posted on website. On or before June 2 -Event invites sent out via email. June 2- Online registration opens. August 7 - Online registration closes. August 15 -Business Appreciation Day/2023 Business of the Year Recognition (to be selected in April 2023) Venue Capacity: The Venue capacity is 298 which can accommodate a full event. As noted in previous Staff memos, Rum River Hills does not have the capacity to handle a full Business Appreciation Day event inside McDuff s. Staff is anticipating 144 golfers and 15 dinner only participants for the 2023 event. Event: (tentative) 9:00 Driving Range Opens 10-10:45 Registration 11-4:00 -Golf Tourney 4:30 -Dinner and Awards (2023 Business of the Year Award Presented) Funding Source: EDA Operations 9230-6249 and Marketing 9230.6246 budget line items - $5,500 and Event Revenue. Recommendation: Staff recommends that the EDA authorize an allocation of$5,500 for the 2023 Business Appreciation Day Event on Tuesday, August 15, 2023 at The Links at Northfork and to approve the proposed budget as presented. Action: Motion to authorize an allocation of$5,500 for the 2023 Business Appreciation Day Event on Tuesday, August 15, 2023 at The Links at Northfork and to approve the proposed budget as presented. Attachments Proposed 2023 Budget Form Review Inbox Reviewed By Date Sean Sullivan(Originator) Sean Sullivan 02/28/2023 05:07 PM Brian Hagen Brian Hagen 03/02/2023 11:33 AM Form Started By:Sean Sullivan Started On:02/13/2023 01:41 PM Final Approval Date:03/02/2023