ITEM TITLE:
Discussion: Agreement with Valdez Convention and Visitors Bureau for the Purchase of Digital Assets
SUBMITTED BY: Nathan Duval, City Manager
FISCAL NOTES:
Expenditure Required: N/A
Unencumbered Balance: N/A
Funding Source: N/A
RECOMMENDATION:
N/A
SUMMARY STATEMENT:
The Valdez Convention and Visitors Bureau reconstituted their board and passed a resolution approving voluntary dissolution.
The City Council Tourism Task Force is recommending a new entity using the corporation model, similar to the Museum governance structure, to continue efforts locally related to tourism and destination marketing.
Staff wants to discuss with Council the framework for an agreement with the current VCVB for the purchase of assets such as the website, social media profiles, photo library, the visitors guide, and other intellectual property. Proceeds of the sale would help the VCVB pay off past due balances and clear out debt so that they can dissolve.
If agreeable to Council, the City Manager will negotiate an agreement for approval at a future Council meeting. A draft agreement is attached for reference.