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HomeMy WebLinkAboutSR - C26870 - Sponsor - 2008 Fashion WeekContract No. C26870 CITY OF PALM DESERT COMMUNITY SERVICES STAFF REPORT REQUEST: Consideration of a request for funding for sponsorship of Fashion Week El Paseo. DATE: August 9, 2007 CONTENT: Fashion Week El Paseo Proposal July 2007 Draft Marketing Minutes Recommendation: By Minute Motion, approve a Presenting Sponsorship Agreement with Palm Springs Life in the amount of $100,000 for the 2008 Fashion Week El Paseo event, plus in -kind services not to exceed $10,000. Executive Summary: Attached please find a request from Palm Springs Life (PSL) for City funding in the amount of $150,000 for the Presenting Sponsorship of Fashion Week El Paseo, plus in -kind services not to exceed $10,000. Because the majority of the event takes place during the week, in -kind services are not expected to exceed that amount. The City of Palm Desert sponsored the first year of Fashion Week El Paseo in 2006 for $50,000. The event was deemed a success and in 2007, as recommended by the Marketing Committee and approved by Council, the City supported it with $100,000. In return, PSL gave the City a Presenting Sponsorship title which PSL valued at $150,000 at that time. This year, Staff recommended to the Marketing Committee $100,000 for sponsorship, which is included in the 2007/08 fiscal year budget; however, the Marketing Committee unanimously recommended $125,000 for the title sponsorship of the event. City Council's approval of this request would result in Palm Desert being a presenting sponsor of a third -year event that attracts visitors to El Paseo to shop, dine, and celebrate the uniqueness of the shopping district. Fashion Week Page 2 Background: PSL is once again spearheading this event with the support of the El Paseo Business Association and has submitted a request for City funding. The event is scheduled for March 23 — 30, 2008, which will take advantage of attendees and media immediately following the Pacific Life Open and prior to the Kraft Nabisco Championship. Fashion Week El Paseo is targeted at bringing together fashion specialists from around the world to present their latest creations via catwalk shows, trend forums, and exhibitions. This event will showcase the latest in accessories, art, beauty, fashion, and food. Last year exceeded expectations and featured a week of sold out events, with a record number of El Paseo merchants participating with their own in-store promotions. Many merchants realized record sales during the week. Once again, organizers are anticipating an increase in participating stores, visitors, designers, and upscale shoppers. In addition, the charity component of the event was increased, and six charities benefited from its success. Staff believes that Fashion Week El Paseo is perfectly timed and in just two years has become a unique, signature event for Palm Desert. Through its sponsorship, the City receives a significant amount of exposure with Palm Springs Life's advertising, public relations, online and direct marketing efforts. A full list of benefits for the presenting sponsorship is included in the attached proposal, along with a budget that was presented at the Marketing Committee meeting. While Palm Springs Life is requesting $150,000, staff feels that a $100,000 sponsorship is appropriate funding for an event that focuses on one specific area of the City. Funding in this amount was included in the Fiscal Year 2007/08 Special Events budget. Submitted By: Kristy Kneiding Marketing Manager Approval: Carlos L. Orteg/ City Manager Or - Sheila R. Gilligan Assistant City Manager Paul Gibson Director of Finance REGULAR PALM DESERT CITY COUNCIL MEETING AUGUST 9, 2007 CONSIDERATION OF A REQUEST FOR SPONSORSHIP OF 2008 FASHION WEEK EL PASEO, MARCH 23 - 30 (Contract No. C26870). 3I TY COUNC I I, ACT ION : APPROVED DENIED RECEIVE i; . .�. OTHER _ - h ;ETINC 11..s.AT- ABS F.; r; E'er `: ice.. 7+,. is T3`...L.!\T : ��� ' m E�...._,sy....m..r..,:�o.....:a... �,.,... V.E:RI ' 1EDD Y7 . ,�, �.»� 1ri-g3;1_:!. c,:- F._1. Ci':y Clerk 's OffirE