#NB11 - Approve Sponsorship Agreement with Funkshion Labs

CONSIDER THE POSSIBILITY OF (1) A RETROACTIVE SPONSORSHIP AGREEMENT IN THE AMOUNT OF $24,061.00 WITH FUNKSHION LABS, THE PRODUCER OF PARAISO SWIM WEEK AND A RETROACTIVE WAIVER OF SPECIAL EVENT FEES IN THE AMOUNT OF $6,258.85, AND (2) AUTHORIZING THE CITY ADMINISTRATION TO NEGOTIATE A PROSPECTIVE FIVE-YEAR AGREEMENT WITH THE PRODUCER.