Subject:
Title
Approval, Re: East Coast Zoological Society Aquarium Groundbreaking Deadline Extension
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Fiscal Impact:
Beginning in FY 2025-2026: $1,500,000.00 a year for ten (10) years for the Aquarium grant, Capital Facilities Fund #1443/293200.
Dept/Office:
Tourism Development Office
Requested Action:
Recommendation
It is requested that the Board of County Commissioners approve an extension of the construction groundbreaking deadline of the East Coast Zoological Society Aquarium (aka The Bowen Aquarium) to April 30, 2026.
Further, based on the facts specified for each grant, by approving this agenda item, the Board will make the legislative finding that Tourist Development Tax funds are authorized for capital grants pursuant to Section 125.0104(5)(a)3., Florida Statutes, and Section 102-119(3)a, (5)a, and (6)a. of the Brevard County Code of Ordinances The tourist oriented capital grant has as one of its main purposes the attraction of tourists, and the entity and the Space Coast Office of Tourism both intend to ensure marketing and promotion of this facility to Tourists.
Additionally, request authority for the Director, Tourism Development Office, to negotiate and sign all necessary agreements, addendums, and related documents upon County Attorney's Office, Risk Management and Central Services approval and authorized the County Manager to execute necessary budget change requests.
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Summary Explanation and Background:
Tourist Development Tax Revenues are restricted to only authorized uses, as defined by Florida Statute 125.0104, directed by Brevard County Code Chapter I 02, Article Ill - Local Option Tax Plan (Tourist Development Plan).
In regards to Capital Facilities funding, the statute states authorized uses of these dollars are "... to acquire, construct, extend, enlarge, remodel, repair, improve, maintain, operate or promote one or more publicly owned and operated convention centers, sports stadiums, sports arenas, coliseums, or auditoriums w...
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