EVENTS TRUST FUND

Application

Office of the GovernorEconomic Development and Tourism (EDT)

APPLICANT NAME: Circuit Events Local Organizing Committee

APPLICANT MAILING ADDREss: 9201 Circuit of The Americas Blvd.

EVENT NAME IMSA WeatherTech SportsCar Championship

DATE(S) OF EVENT: May 5-6, 2017

EVENT LOCATION Circuit of The Americas, 9201 Circuit of The Americas Blvd., Austin, Texas 78617

DATE APPLICATION SUBMITTED: December 30, 2017

Events Trust Fund Application

Event Trust Fund (ETF), Major Events Reimbursement Program (MERP) or Motor SportsRacing Trust Fund (MSRTF)

Please review the Events Fund Process document and statute before submitting this application. Links can be found athttps://texaswideopenforbusiness.com/services/event-trust-funds.

An application will not be complete until all documents are submitted, with the exception of the Event Support Contract.

See checklist at the end of the application for required documents. Deadlines for submission are as follows:

MERP: 45 days prior to the event, but no more than 1 year before the event.

ETF & MSRTF: at least 120 days prior to the event.

Please submit all documents to eventsfund@gov.texas.gov.

SECTION 1: ENDORSING MUNICIPALITY OR COUNTY

Name of Endorsing Municipality or County: City of Austin

Municipality or County Contact Name: Leela Fireside

Contact Title: Assistant City Attorney

Contact Email: Leeta.Firesideaustintexas.gov

Contact Phone Number: 512-974-2163

1. Has the endorsing municipality or county reviewed the event and found that it meets all eligibility requirements

as Hsted in Vernon’s Texas Civil Statutes (VTCS) Section 5190.14?

Yes NoD

2. Has the endorsing municipality or county determined that it will contribute local funding (“local match”) to the

Event Trust Fund, if established?

YesE NoJ

SECTIoN 2: LOCAL ORGANIZING QC)\IMITTEE

1. Has the municipality or county authorized a nonprofit Local Organizing Committee (LOC) to enter into an

agreement with the Site Selection Organization to host the event on behalf of the municipality or county?

Yes NoEl

2. If Question 1 is selected as “No,” the municipality or county must directly enter into an Event Hosting

Agreement with the site selection organization.

If “Yes,” provide the following information for the LOC:

Complete Business Name of LOC: Circuit Events Local Organizing Committee

LOC Contact Name: Anna Panossian

LOC Contact Title: Board Member, Sectetary

Contact Email: anna.panossian@circuitoftheamericas.corn

Contact Phone Number: 512-655-6280

LOC Tax Payer ID#: 45-2727397

Is the LOC designated in the official request letter submitted with the application?Yes NoL1

SECTION 3: SITE SELECTIoN ORGANIZATIoN

Full Name of Site Selection Organization: IMSA WeatherTech SportsCar Championship (IMSA)

Site Selection Contact Name: Scott Atlierton

Site Selection Contact Title: President & COO

Site Selection Contact Email: satherton@imsa.com

Contact Phone Number: 386-310-6620

*EDT reserves the right to contact the Site Selection Organization or any other organization directly related to this event.

SECTION 4: FuND REQUEST AMOUNT

Total Fund Amount Requested: $245,971

State Share: $212,044

Local Share: $33,927

ln accordance with statute, the state share must be no more than 6.25x the local share. To calculate the Local Share,

divide the State Share by 6.25.

Estimated Direct Impact Total: N/A

Estimated Indirect & Induced Impact Total: N/A

*The Direct Impact and the Indirect & induced impact will equal the Total Fund Amount Request. These amounts include

the state and local estimates.

SEcTIoN 5: EvENT INFORMATION

Official Event Name: IMSA WeatherTech Sports Car Championship

Event Fund/Program being applied for:ETF

(ETF, MERP, MSRTF)

Venue(s) of Event: Circuit of The Americas

Event Website: http://www.circuitoftheamericas.com/

For MERP Applications only:

Date(s) of the Primary Event: May 5-6, 2017

Day set-up/load-in for the event will begin: May 1, 2017

Day strike/load-out of the event will end: May 8, 2017

1. See Attachment A

2.

Location of Event for the Previous 5 Years:

(List most recent year first)

4.

5.

Source of Information for Previous Events: IMSA and Wikipedia websites

Other locations outside of Texas considered to hostFlorida, California, Michigan, Virginia, Georgia

the event:

Was the site selected as a part of a multi-yearYes. 2013-2016 and 2017-2019

agreement? If yes, what years (past and future)?

Anticipated Total Attendance at Primary Event: 15,727

Anticipated Out of State Attendance5 504

at Primary Event:

Desired Market Area: Travis and contiguous counties

Additional Information:

Upon conclusion of the event, verifiable attendance figures must be provided to EDT. The following methods willbe accepted: ticket sales count, turnstile count, ticket scan count, convention attendee count, or participant totals(must be accompanied by ticket or turnstile count for MERP & MSRTF). Other methods may be accepted uponapproval by EDT. Please explain which of these methods or another method, subject to approval, that will be used:Ticket sales count, tickets distributed count and all credentialed media, teams and sponsor attendees. Surveys are alsoconducted to determine an accurate calculation of out-of-state attendees for each day of the event.

SECTEON 6: CF1[c’KtIst

EDT must receive the following documents (except the Event Support Contract) before it can issue an estimate ofincremental taxes.

Per statute, EDT is required to make a determination within 30 days after receiving a complete application. If anapplication is incomplete, the requestor will be asked to withdraw the application until a complete application can be

submitted.

Li Events Trust Fund Application completed and signed.

Li Selection Letter clearly indicating a highly competitive selection process, and that the selection was based on anapplication by the endorsing municipality, county, or LOC. This selection letter must clearly indicate theselected LOC, the selected municipality, and the event date. The event date indicated in the letter must matchthe requested event date. The selection letter must be signed by the site selection organization.

Li Request Letter clearly indicating the municipality or county’s endorsement of the event and states the LOC(if applicable) along with the municipality or county’s contact. The information in the letter shouldcoincide with the Selection Letter.

Li Economic Impact Analysis or data sufficient for EDT to determine the incremental increase in tax revenueassociated with hosting the event. The data must include an estimate of the number of attendees from out-of-state, details on the direct expenditures and direct impact data for the endorsing municipality or county hostingthe event for the requested market area, and the source of the information included. For MERP’s only, indirectand induced, or secondary impacts, should be included, and stated separately from the direct impact.

Ii Event Support Contract executed between a LOC, an endorsing municipality, or an endorsing county and a siteselection organization that outlines the responsibilities of each party, and signed by each party. Due no laterthan the date of the event; early submission will provide EDT with the opportunity to review the contract andaddress any issues prior to the event.

U Affidavit of Endorsing Entity signed by each endorsing municipality, county and/or LOC.

Li Affidavit for Economic Impact signed by party(ies) providing economic impact analysis to support the request.

Note: Disclosure of Information under the Public Information Act. All documents submitted to the Office of theGovernor (COG) are subject to disclosure under the Texas Public Information Act, Chapter 552 of the Texas GovernmentCode (“the Act”), including, but not limited to, the application, event support contract, economic impact analysis, and alldisbursement documentation submitted after the event, whether created or produced by the applicant or by any thirdparty.lf it is necessary to include proprietary or otherwise confidential information in the documents submitted, thatparticular information should be clearly identified as such. Merely making a blanket claim that the all documents areprotected from disclosure because they may contain some proprietary or confidential information is not acceptable,and will not render the information confidential. Any information that is not clearly identified as proprietary orconfidential will be released in accordance with the Act.

I, the authorized representative of the applicant, certify that the representations made, the facts stated in thisapplication and all supplemental documents are true and correct, and that no relevant facts have been intentionallyomitted, as evidenced by my signature below. I hereby agree, on behalf of the applicant, to comply with the reportingrequirements and will provide other documentation as requested.

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Tudor United SportsCar Champtionship (formerly known as American Le Mans Series)2014 Event Schedule

Race Length’

12 hours

I hour40minutes

2 hours

2 hours

lhour4Ominutes

2 x 45-minutesegments

6 hours

2hours45minutes

2 hours 45minutes

2hours45minutes

2 x 45-minutesegments

2hours45minutes

2 hours 45minutes

10 hours411151

Al]Watkins GlenInternational Raceway

Canadian TireMotorsport Park - -

Indianapolis MotorSpeedway

All Road America

PC

Attachment -- Page 2

l{nlcx %‘i at t)aytona 24 hours

Location

Daytona, Florida

Sebring, Florida

LOng Beach,California

Classes Circuit

All Daytana InternationalSpeedway

AllSebring International

GTLMILong Beach StreetCircuit

PC,GTD- Mazda Raceway

P. GTLM Laguna Seca

010The Raceway on BelleIsle

PC’ Kansas Speedway

Date

Ja n 1ay 25—26

March 15

April 12

Rnd

2Mobil I Twelve Hours

ebu lug

‘Tequila Patrán SportsCar Showcase

Continental TireMonterey Grand Prix

Chevrolet Sports CarClassic

6 Grand Prbc of Kansas

Sahien’s Six Hours of‘ The Glen

8Mobit 1 SportsCarGrand Prix

9 Brickyard Grand Prix

10Continental Tire RoadRace Showcase

11 Oak Tree Grand Prix

12 Lone Star LeMans

13 PetitLeMans

P, GTLM,GTD

All

Monterey,California May 4

Detroit, Michigan 1May31Kansas City, June 7Kansas

Watkins Glen,June29

New York

Bowrnanville, July 13Ontario

Speedway, Indiana July25

Blkhart Lake, August 10Wisconsin

August24Virginia International Atton, VirginiaRacewayGTLM,

GTD

All Circuit of the Americas Austin, ‘texasSeptember

All Road Atlanta - Braselton, Georgia October 4

http://en.wikipedia.org/wiki/2O I 4Unitcd_SportsCarChampionshipseason 5/5/2015

2015 United SportsCar Championship - Wikipedia, the free encyclopedia

Rnd Race

1 IRolex24atDaytona 24 hours

2Mobil I Twelve Hoursof Sebring

Tequila Patrén SportsCat Showcase

Continental TireMonterey Grand Prix

Chevrolet Sports CarClassic

6Six Hours of

iThe2le.1

Mobil I SportsCarGrand Prix

8 Northeast Grand Prix 2 hours 40 minutes

Continental Tire Road 2 hours 40 minutesRace Showcase 16]

10 Oak Tree Grand Prix

Calendar changes

All Mazda RacewayLaguna Seca

All Circuit of theAmericas

All Road Atlanta

• The events at Kansas Speedway and Indianapolis Motor Speedway have been discontinued.

• A round at Lime Rock Park was added for PC and GTD.• The round at Canadian Tire Motorsports Park will see PC replace GTD alongside P and GTLM.

• The IMSA Continental Tire Sports Car Challenge support series follows the same schedule as abovein 2015 except for the street circuits of Long Beach and Detroit Belle Isle for a ten round season.

• On October 31, 2014, the calendar was modified removing PC from the Virginia International

Raceway round and adding the class to the round at Detroit Belle Isle alongside P and GTD.9

• The Monterey round would feature all four classes in a single eventJ’°1

Attachment Page 3

https://en.wikipedia.org/wikif20 I 5_UnitedSportsCar_Championship 4/25/2016

Length Classes Circuit Location Date

Daytona. . Januaiy 24• All International Daytona, Florida

25Speedway —

12 hours All Sebring International Sebring Florida March 21‘ Raceway

1 hour 40 minutes , GTLM Long Beach Street jLong Beach, April 18Circuit California

2 hours 40 minutes’ Monte rey15 . . May3

California

1 hour 40 minutes°‘ Detroit, Michigan May30

I ‘ Watkins Glen Watkins GLen,6 hours All June28

‘International New York

2 hours 40 minutes P,PC, CanadfanTfre Bowmanville, J I 12(6] GThM Motorsport Park Ontario uy

PC, G1D Lime Rock Park ut July 25

. Elkhart Lake,All Road America . . August 9

- Wisconsin

2 hours 40 minutes’ GTLM Vgm .

1 16]‘ GID International Alton, Virgmia August23

Raceway

. SeptemberAustm, Texas 19

Braselton, Georgia October 3

2 hours 40 minutes11 Lone Star Le Mans (6]

12Petit Le Mans powered 7 hours, 51 minutesby Mazda (weather)1711

Er’

12/8/2016 Schedule I Weatherlech SportsCar Championship

SCHEDULE

SEASON 2016 ‘

JAN 08 TO JAN 10 -2016 THE ROAR BEFORE THE ROLEX 24Daytona Beach, FL

nôx JAN 27 TO JAN 31 - 2016 ROLEX 24 AT DAYTONA‘ j Daytona Beach FL

I MAR 1610 MAR19 -2016 MOBIL 1 TWELVE HOURS OF SEBRING FUELED BY FRESH FROM FLORIDAJr.Ja

Sebring, FL

APR 1510 APR16 2016 BUEBA BURGER SPORTS CAR GRAND PRIX AT LONG BEACHLong Beach, CA

APR 2810 MAY 01 2016 CONTINENTAL TIRE MONTEREY GRAND PRIX POWERED BY MAZDASatinas, CA

___

JUN 03 TO JUN 04- 2016 CHEVROLB SPORTS CAR CLASSIC PRESENTED BY MRO DR0IT CHEVYDEALERSDetroit, MI

i JUN 3010 JUL03 -2016 SAHLEN’S SIX HOURS OF THE GLENWatkins GLen, NY

Mobflfl JUL 0810 JUL10 -2016 MOBIL 1 SPORTSCAR GRAND PRIXAlDPllI I

Ctarington, ON

JUL 2210 JUL23- 2016 IMSA WEATHERTECH NORTHEAST GRAND PRIXLakevitte, CT

AUG 05 TO AUG 07 -2016 CONTINENTAL TIRE ROAD RACE SHOWCASESIjOdiCAfL

E[khart Lake WI

AUG 26 TO AUG 28 -2016 MICHELIN GT CHALLENGE Al VIRAtton,VA

SEP 14 TO SEP 17- 2016 LONE STAR LE MANSj Austin TX

_____

SEP 28 TO OCT 01 -2016 PETIT LE MANSBrasetton, GA

A4/t%J- L

http:llsportscarchampionshipimsa.com/schedule-resultslrace-schedule 1/1

S(OTTArpII1WTON

November 30, 2016

I’m email: eIaiue.lsar1aiistnitexas.gov

Elaine HartCity ManagerCity of AustinAustin, Texas 78701

Dear Ms. I lart:

We have received and appreciate the confirmation of the application, dated on or abotit Jantiaty I 2017,from Circuit Events Local Organizing Committee (“CELOC”), as designee and on behalf of the City ofAustin, to host an event of the IMSA WeatherTech SportsCar Championship in Austin for the years 2017through 2019 at the racetvay facilities in Austin, Texas, USA, known as Circuit of the Americas.

As tve emphasized in otir previous letters to you and your predecessor, there was substantial competitionin otir process of reviewing a number of venues interested in hosting otir series. Otir prior selection ofAustin, Texas as the site for the 2017 through 2019 IMSA WeatherTech SportsCar Championship Eventis hereby made and confirmed, Congratulations!

The IMSA WeatherTech SportsCar Championship Event (“IMSA Event”) presented by InternationalMotor Sports Association, LLC, is the premier sportscar racing series in North America and partners withsuch automotive giants as BMW, Chevrolet, Mazda and Porsche, among others, to present the world’s topsportscar racing events. The IMSA Event attracts large spectator audiences at each event and all races arebroadcast on network and/or cable television and via the web in 70+ countries around the world. TheChampionship Series is also followed in the United States and internationally on a wide variety of racingrelated news websites and publications. Our events have a record of attracting significant economicimpact to the regions where we race.

The IMSA Event is the only major race series in the world in which all race cars compete usingalternative fuels or powertrains such as ultra-low sulfur clean diesel, cetlulosic E85, and ElO. We tvorkwith leading automobile manufactures to develop sustainable solutions and technical innovations that areintroduced and developed in racing, then transferred to consumer vehicles. At the same time we arceducating consumers about these new alternatives and the role they will have with their future mobility.

We look forward to receiving and working with CELOC to finalize an Event Support Contract related tothe local and State support available for the events.

All the best,

International Motor Sports Association I One Daytona Blvd Daytona Beach, Florida 32114 3863106500

November30, 2016

wa entail: cumcl.pa1n1osswneircgilt oftheamerrcas. coin

Circuit Events Local Organizing CommitteeAttention: Anna Panossian100 Congress Avenue, Suite 1300Austin Texas 78701-2744

Dear Ms. Panossian:

We appreciate the confirmation of the application by Circuit Events Local Organizing Committee, thatwill be filed on or abotit January I, 2017 submitted as designee on behalf of the City of Austin, to host an

event of the IMSA WeatherTech SportsCar Championship in 2017 through 2019 in Austin, Texas at the

raceway facilities known as Circuit of the Americas. The site selection organization for the IMSA

WeatherTech SportsCar Championship series is the same as in 2016. We understand that your

application is submitted in confirmation of and supplemental to your pilor applications related to our

event in 2015 and 2016.

As tve emphasized in our previous letters to you and City officials, there has been and remains substantial

competition in our process of reviewing a number of venues interested in hosting our series. Please

consider this letter as confirmation of our selection of Austin, Texas, and the Circuit of the Americas to

host the IMSA WeatherTech SportsCar Championship event of the upcoming series for the years 2017through 20 19. Congratulations!

IMSA WeatherTech SportsCar Championship does not anticipate sanctioning or holding any other similar

IMSA WeatherTech SportsCar Championship Event in Texas or Its contiguous states dtiring 2017

through 2019. The IMSA WeatherTech SpottsCar Championship Event (“IMSA Event’) presented byInternational Motor Sports Association, LLC is the premier sportscar racing Series in North America and

partners with such automotive giants as BMW, Chevrolet, Mazda and Porsche, among others, to present

the world’s top sportscar racing events. The IMSA Event attracts large spectator audiences at each event

and all races are broadcast on network and/or cable television and via the web in 70+ cotintries around the

world. The Series is also followed in the United States and internationally on a wide variety of racing

related news websites and publications. Our events have a record of attracting significant economic

impact to the regions where tve race.

The IMSA Event is the only major race series in the world in which all race cars compete using

alternative ftiels or powertrains such as ultra-low sulfur clean diesel, cellulosic E85, and ElO. We work

with leading automobile manufactures to develop sustainable solutions and technical innovations that are

introduced and developed in racing, then transferred to consumer vehicles. At the same time we are

educating consumers about these netv alternatives and the role they will have with their future mobility.

We look forward to receiving and working with yoti to finalize and Event Support Contract related to the

local and State support available through CELOC and the Circtiit of the Americas.

All the best,

International Motor Sports Association I One Daytona Blvd Daytona Beach, Florida 32114 386310.6500

City of AustinCity Manager’s OfficeP.O. Box 1088, Austin, TX 78767(512) 974-2200, Fax (512) 974-2833

Elaine Hart, Interim City ManagerElaine.hart(austintexas. gov

December /,2016

Office of the GovernorTexas Economic Development BankEconomic Development & TourismPost Office Box 12428Austin, Texas 78711

Attention: Director

Dear Director:

The City of Austin requests participation in the Events Trust fund (ETf) pursuant to TEX. REV. CIV.STAT. ART. 5190.14 Section 5C (Act) as authorized by Austin City Council action contained inresolution dated December 13, 2012 in support of the American Le Mans Series for the May 5-7, 2017event marketed as the EVISA WeatherTech SportsCar Championship Race at Circuit of The Americas inAustin. This action satisfies the requirements of 10 TAC, Part 5, Section l84.202(a)(1) and documentsthat Austin is the endorsing municipality in accordance with the Act.

Enclosed is correspondence from International Motor Sports Association (EVISA originally American LeMans Series) confirming the selection of Austin, Texas as the location for the Event in May of 2017. Thecorrespondence from IMSA satisfies the requirements found at 10 TAC, Part 5, Chapter 184, SubchapterB, Section 184.202(a)(2).

The correspondence from IMSA states that the selection of Austin as the location for the Event wascompleted afier substantial competition in their process of reviewing a number of venues interested inhosting their series. Further, EVISA does not anticipate holding any other similar Event in Texas or itscontiguous states during any year that the Event is held at the Circuit of the Americas in Austin. Webelieve that this supports a finding that Austin was selected as the site for this Event consistent with therequirements of 10 TAC Section 184.201.

The Circuit Events Local Organizing Committee is the City’s designee to act as the local organizingcommittee for the event, to make application to the Office of the Governor, Texas EconomicDevelopment Bank, for participation of the Event in the ETF under the Act, to submit the ETF economicimpact analysis, to fund the City’s local contribution to the ETF, and to apply for and receivereimbursement of trust funds for eligible expenses from the ETf.

Sincerely,

CITY Of AUSTIN, TEXAS

By:__Elaine Hart, Interim City Manager

The Cliv ofAustin is co,nmiued to compliance with the American with Disabilities Act.Reasonable modflcations and equal access to commrmications will be provided upon request.

Economic Impact Studyof the

2017 IMSA Sports Car Challenge(WeatherTech SportsCar Championship and Continental Tire Challenge)

at Circuit of The AmericasAustin, TexasMay 5-6, 2017

Submitted for consideration under the Events Trust Fund by:

Don Hoyte, Ph.D.TexasTrustFunds.com

10704 Scotland Well DriveAustin, Texas 78750

On behalf of

The City of Austinand the Circuit Events Local Organizing Committee

100 Congress Avenue, Suite 1300Austin, Texas 7870 1-2744

November 28, 2016

Event Background

Circuit of The Americas (COlA) welcomed a three-day crowd of 62,315 for the 2016 Lone Star LeMans--- a celebration of sports car racing combining events sanctioned by two of the world’spreeminent auto racing organizations: the International Motor Sports Association (IMSA) andthe Federation Internationale de l”Automobile (FIA). Fans could enjoy watching two of IMSA’spremier racing series in the Weatherlech SportsCar Championship and the ContinentalSportscar Challenge as well as the FIA’s World Endurance Championship.1 Although totalattendance was down slightly from 65,966 in 2015, attendance at the 2016 event was nearly 25percent higher than the two-day attendance at the 2014 event and nearly double theattendance from the 2013 International Sports Cat Weekend, which brought in 33,591 peopleover three days.2

The 2016 Lone Star Le Mans weekend at Circuit of the Americas held from Sept 15 - 17, treatedfans to Thursday practices, Friday practice and qualifying and the exciting Saturday racesincluding the Weatherlech SportsCar Championship3, the Continental Tire Challenge, the 6-hourWorld Endurance Challenge as well as IMSA’s Lamborghini Super Trofeo, and Porsche GT3 Cup.

In 2017, IMSA will again bring the WeatherTech SportsCar Championship--- its premier racingevent-- to COTA from May 5 -6 as one stop on its 13-race championship season.4 In addition,IMSA will hold a 2-hour Continental Tire Challenge series race as part of its Lone Star Le Mansweekend.5 Although the exact schedule and sponsorship title has not yet been established,IMSA’s racing offerings the first weekend in May 2017 will also include at one or more its othersingle-vehicle racing event properties such as the Lamborghini Super Trofeo or the Porsche GT3Cup.

Since both IMSA championships and the WEC event were held together in the last few years butin 2017 will be held separately, this change makes estimating attendance at the 2017 IMSASports Car Challenge Weekend races subject to a bit mote uncertainty than in previous years.Certainly the IMSA-linked teams and other race participants will be at COTA as in previous yearsas will track personnel, contractors and others required to be present for both a safe event and a

Attendance based on the post-event certification estimate from Anna Panossian, Director CELOC to Office of

Governor, Economic Development and Tourism, October 27, 2016.2 Detailed daily attendance figures provided by Anna Panossian, COTA Finance Director of Events, 2/10/2016.

On August 8, 2015, WeatherTech was announced as the new entitlement sponsor for the series, renaming the

series to the IMSA WeatherTech SportsCar Championship, starting with the 2016 season. This designation replaced

the previously-named Tudor United SportsCar Championship. See ‘WeatherTech Joins IMSA In Multiyear

Partnership. IMSA. 8 August 2015.

In 2017 IMSA will hold three championship races in Florida, two in California and one each in Michigan, New York,

Connecticut, Wisconsin, Virginia, Georgia and Ontario, Canada. The Sports Car Challenge Weekend will be the only

IMSA championship event held in Texas or a surrounding state in 2017.

http://sportscarchampionship.imsa.com/events/lone-star-le-mans-0

quality fan experience. But, it may be difficult for the IMSA Championships alone to attract the

same level of fan participation that has been seen by the joint offerings of both IMSA and WEC.

Nonetheless, it is believed that many racing fans that attended the joint races in previous yearswould attend separately-held events in 2017.

Accordingly, Table 1 estimates the total attendance during the 2017 IMSA WeatherTech

Championship and Continental Tire Challenge races assuming: 1) the same level of IMSA-linked

participants seen in 2016, 2) 75 percent of the peak daily fan attendance on Saturday certified at

the 2016 event, plus 3) 20 to 90 percent of the track and event personnel, media and other

workers required for the 2016 event.6 As seen in Table 1, this means a total two-day expected

fan attendance of 19,150 and a two-day total event attendance of 28,455.

Table 1

Estimated Attendance in Austin for the 2017 IMSA Sports Car Challenge

May 5 - 6, 2017 in Austin, Texas

Sponsors, COlA Staff &IMSA Teams & Media, TV & Operations Local Ticketed

py Date Team Guests Marketing & Medical Workers Fans TOTAL

Tue 5/2 217 20 - - - 237

Wed 5/3 867 107 271 - - 1,245

Thu 5/4 1,813 214 271 224 - 2,521

Fri 5/5 2,215 365 904 1,169 8,075 12,728

Sat 5/6 2,215 365 904 1,169 11,075 15,727

Sun 5/7 1,993 328 362 - - 2,683

Mon 5/8 54 30 - - 84

To develop estimates of the out-of-state attendance by fans, several key results from a survey of

784 fans attending the 2016 LoneStar LeMans were used (See Appendix A). First, of the total

persons responding to the survey, 30 percent said they were from outside Texas. Based on the

total fan Saturday attendance estimate in Table 1, this implies 3,322 fans on Saturday are likelyto be from outside Texas in 2017.

The fan survey also requested information on the days each respondent attended the 2016

event. Based on the survey results, for every 100 out-of-state fans attending the event on

6 Table 1 does not include, however, any of the WEC-related teams, guests or officials that were present at the

combined event in 2016.

Saturday, and 85.4 attended the event on Friday. This implies out-of-state ticketed fanattendance at the 2017 event should reach 2,839 on Friday.7

The survey also requested out-of-state respondents to say how many nights they spent in Austinattending the 2016 LoneStar LeMans. Out-of-state respondents to that survey said, on average,they spent 3.49 nights in Austin while attending the event (which in 2016 was a three-dayevent). For a two-day event it seems reasonable to assume out-of-state fans would average 2.49nights in Austin while attending a shortened event. Accordingly, if 3,322 fans spend on average2.49 nights in Austin for the 2017 event, this implies that, in total, expected out-of-state ticketedattendees at the 2017 IMSA Sports Car Challenge will spend 8,276 person-nights in Austinduring their stay for the event.

Based on this survey data and the likely ticketed out-of-state attendance at the 2017 event,Table 2 estimates the likely pattern of stay of out-of-state visitors in Austin for the 2017 IMSAevent that total 8,276 person-nights stayed by ticketed out-of-state fans. It should be noted thatthe estimated pattern of overnight stay by ticketed fans may or may not reflect the actual dailycounts, but in total the pattern in Table 2 does satisfy the total estimated person-nights stayedbyfans.8

Table 2

Estimated Out of State Attendance in Austin for the2017 IMSA Sports Car Challenge

May 5 - 6, 2017 in Austin, Texas005

IMSATeams Sponsors, Ticketed OtherOOS& Team Media, TV & Operations 005 Ticketed Fans Staying OvernightGuests Marketing & Medical Fans At Event Overnight9 Visitors

Tue 5/2 196 - - -

Wed 5/3 783 - 258 6

Thu 5/4 1,636 89 122 - 1,790 45

Fri 5/5 1,711 151 245 2,839 3,039 76

Sat 5/6 1,711 151 245 3,322 2,990 75

Sun 5/7 1,711 151 245 199 5

Mon 5/8 342 50 -

This out-of-state attendance level implies that Fridays out-of-state attendance should be 35 percent of total

ticketed attendance. Since out-of-state fans are likely to be more involved in IMSA racing, this slightly higher

percentage is reasonable.8 It should also be noted that all COTA Staff and Local workers identified in Table 1 are from Texas, so this column

does not appear at all in Table 2.

Includes ticketed fans at the event that day that stayed overnight

The last column of Table 2 reflects the final survey-derived attendance result important toestimating total out-of-state attendance attributable to the 2017 IMSA event. That is, in 2016survey respondents (ticket holders) were asked to say how many out-of-state persons came toAustin with them because of the LoneStar LeMans but did not attend any of the events at COlAand therefore would not have been surveyed. On average, ticketed out-of-state fans at the2016 LoneStar LeMans indicated that just counting ticketed attendees would haveunderestimated total out-of-state attendance in Austin because of the event by 2.5 percent.Accordingly the last column of Table 2 identifies these out-of-state attendees based on thenumber of out-of-state ticketed fans staying in Austin for the event each night.

EVENT TRUST FUND ESTIMATE

Based on the preceding discussion of teams, riders, crew, other participants, racingorganizations, sponsors, media and fans, it is possible to develop a reasonable estimate of thelikely tax gain from hosting the 2017 IMSA Sports Car Challenge Weekend.

The economic gains from events such as the 2017 IMSA Sports Car Challenge will be significantfor the state and for the local economy. When calculated correctly, these “gains” are not merelythe dollars that Texans might have otherwise spent in the state, but represent a true addition tothe local and state economy by bringing in expenditures from outside the state.

Based on the attendance pattern detailed in Table 2, the 2017 IMSA WeatherTech SportsCarChampionship and Continental Tire Challenge should fill nearly 8,000 hotel room nights andgenerate estimated total direct spending by fans, riders, teams, sponsors, media and racingorganizations of more than $4.7 million.’0 This gain is composed of $1.5 million in lodgingexpenditures, $1.5 million in food and beverage expenditures and more than $800,000 inentertainment and shopping expenditures.

Table 3Direct Economic Gain to Texas of

2017 IMSA Sports Car Challenge

May 5 - 6, 2017 in Austin, Texas

Total Room nights 7,976Hotel Expenditure $1,481,966Food and Beverage $1,511,404Entertainment & Shopping $831,680Other Expenditures $922,027

Total Economic Impact $4,747,077

10 Note the figures in Tables 3 and 4 focus on expenditures for which a state tax gain under the Event Trust Funds is

expected. As such those figures include out-of-state drivers, teams, sponsors, media, racing organizations (and their

friends and family that accompany them) plus the out-of state fans attending the event. Expenditures by Texas fans

attending the event are not included.

Event Trust fund Tax Gain

In 2009 the Texas legislature established the Events Trust Fund to assist in attracting to Texas or

retaining in Texas sporting and other events that could well be moved outside the state. The

provisions of this law allow the State to deposit into a trust fund established for a qualifying

event the amount of state hotel, sales and use, motor vehicle rental and alcohol taxes that can

be attributed to the incremental gain in economic activity to the state from hosting the event.

To qualify for reimbursement from the Trust Fund, the local sponsoring municipality or county

must contribute matching tax revenues received from hosting the event at the rate of $1 local

tax dollar for every $6.25 in state tax contributions.

Based on the out-of-state attendance and schedule of events presented in Table 2, Table 4

estimates the incremental tax gain to the state and to the City of Austin from hosting the 2017

IMSA WeatherTech SportsCar Championship and Continental Tire Challenge (IMSA Sports Car

Challenge).1’ This event is estimated to generate a total of $356,253 in state tax revenues which

could be deposited into a trust fund for supporting the IMSA Championship. However, since the

2016 IMSA WeatherTech SportsCar Championship is a continuation of the ALMS event first

awarded to Austin in 2013, and the LoneStar LeMans Weekend held from 2014 to 2016, the

2017 event represents the fifth occurrence of this event in Texas in the last five years and would

therefore incur a repeat event reduction lowering the state’s economic gain to $212,044. Table

4 also notes that the total local tax gain is estimated to reach $139,099 of which $33,927 would

need to be deposited by or on behalf of the City of Austin into the trust fund to fully match state

contributions.

‘ Note that at peak attendance; fewer than 2,000 hotel rooms will be required for all participants and out-of-state

fans for IMSA championships. The number of hotel rooms in the Austin area total roughly 28,000 so this level of

demand by race attendees, while significant, should not overly tax the availability of hotel rooms. Since facilities in

the City of Austin account for more than 80 percent of all hotel rooms in the region, during the three peak days of

the IMSA race weekend it is estimated that the City of Austin should host about 90 percent of participant and out

of-state fan spending. Earlier in the week when room demand is considerable lower, proximity of Austin hotels to

COTA will probably result in the City of Austin hosting 95 percent of event activity. Hotel tax gains to the city as well

as sales and alcoholic beverage tax gains to the city are adjusted accordingly.

Table 4

State and City Tax and Expenditure Summary for theEstimated Spending by Out of State Attendees at the 2017 IMSA Sports Car Challenge’2

May 5 - 6, 2017 in Austin, Texas

Hotel Tax Gain: Sponsors, Ticketed

IMSA Teams & Media, TV & Operations & 005 Fans &Team Guests Marketing Medical 005 Others

Persons! hotel room 1.50 1.25 1.25 2.12

% Staying in hotel 95% 95% 95% 78%

Hotel Cost rm!night $162.77 $162.77 $162.77 $162.77

State Tax City Tax

Tue 5,12 $20,177 $0 $0 $0 $1,211 $1,725Wed 5,/3 $80,709 $0 $0 $15,903 $5,797 $8,260

Thu 5!4 $168,678 $10,970 $15,152 $110,351 $18,309 $24,717

Fri 5,15 $176,409 $18,728 $30,303 $187,294 $24,764 $33,431

Sat 5,16 $176,409 $18,728 $30,303 $184,310 $24,585 $33,190

Sun 5,17 $35,282 $6,185 $0 $12,266 $3,224 $4,594

Mon 5,18 $0 $0 $0 $0 $0 $0

Total Tax: $77,889 $105,918

Sales Tax Gainsfrom Food & Bev. Sponsors, Ticketed

Expenditures: IMSA Teams & Media, TV & Operations & OOS Fans &Team Guests Marketing Medical 005 Others State Tax City Tax

Tue 2-May $8,612 $0 $0 $0 $538 $82Wed 3-May $43,058 $0 $0 $11,635 $3,418 $520

Thu 4-May $106,437 $3,902 $5,389 $92,055 $12,986 $1,870Fri 5-May $147,281 $10,563 $16,167 $216,332 $24,396 $3,513

Sat 6-May $150,581 $13,322 $21,555 $283,467 $29,308 $4,220

Sun 7-May $90,349 $8,861 $10,778 $143,816 $15,863 $2,411Mon 8-May $15,058 $2,200 $0 $8,974 $1,639 $249

Total Tax: $88,149 $12,865

Sales Tax Gainfrom

Sponsors, TicketedEntertainment & IMSA Teams & Media, TV & Operations & OOS Fans &Shopping13: Team Guests Marketing Medical 005 Others State Tax City Tax

Tue 2-May $3,563 $0 $0 $0 $223 $34Wed 3-May $17,815 $0 $0 $4,814 $1,414 $215

Thu 4-May $44,037 $1,614 $2,230 $38,087 $5,373 $774Fri 5-May $93,946 $6,738 $10,312 $137,990 $15,562 $2,241

Sat 6-May $96,050 $8,498 $13,749 $180,814 $18,694 $2,692

Sun 7-May $37,381 $3,666 $4,459 $59,502 $6,563 $998Mon 8-May $6,230 $910 $0 $3,713 $678 $103

Total Tax: $48,507 $7,056

12See Appendix A for survey-derived expenditures and other factors from out-of-state fans underlying estimates.

13Includes daily per person expenditures of $19.75 for entertainment plus $16.66 in other retail for all days. An

additional $19.72 is included for expenditures at the event for Friday and Saturday.

Table 4, continued

State and City Tax and Expenditure Summary for theEstimated Spending by Out of State Attendees at the 2017 IMSA Sports Car Challenge

May 5 - 6, 2017 in Austin, Texas

Mixed Beverage Tax & IMSA Teams Sponsors, Ticketed

Title 5 ABC State Tax’4: & Team Media, TV & Operations & 005 Fans &Guests Marketing Medical OOS Others State Tax City Tax

Tue 5/2 $2,047 $0 $0 $0 $277 $29Wed 5/3 $10,236 $0 $0 $2,766 $1,760 $185Thu 5/4 $25,302 $927 $1,281 $21,883 $6,688 $667Fri 5/5 $35,011 $2,511 $3,843 $51,426 $12,564 $1,253Sat 5/6 $35,796 $3,167 $5,124 $67,385 $15,093 $1,505Sun 5/7 $21,477 $2,106 $2,562 $34,188 $8,169 $860Mon 5/8 $3,580 $523 $0 $2,133 $844 $89

$45,396 $4,587

IMSA Teams Sponsors, TicketedVehicle Rental Tax: & Team Media, TV & Operations & 005 Fans &

Guests Marketing Medical OOS OthersPersons/Group 1.25 1.25 1.25 2.22Cars/Group 1 1 1 1.07¾ Grps Renting 75.0% 75.0% 75.0% 79.1%Cost! Day/car15 $70.50 $56.40 $56.40 $56.40 State Tax City TaxTue 5/2 $8,280 $0 $0 $0 $828 $0Wed 5/3 $33,120 $0 $0 $5,687 $3,881 $0Thu 5/4 $69,218 $3,001 $4,145 $39,464 $11,583 $0Fri 5/5 $72,390 $5,124 $8,290 $66,980 $15,278 $0Sat 5/6 $72,390 $5,124 $8,290 $65,913 $15,172 $0Sun 5/7 $14,478 $1,692 $0 $4,387 $2,056 $0

$48,797 $0

Taxable Event Presentation Expenses $542,00616 Tax: $38,003 $6,081Out-of State Ticket Sales’7 $151,868 Tax: $9,492 $1,519

Total Taxes $356,235 $138,026Repeat Event Reduction $212,044Required Local Tax match $33,927

Total Event Trust Fund $245,971

14 Estimates the Title 5 ABC Tax as 2.54 percent effective rate of mixed beverage sales in line with history in Biennial

Revenue Estimate by the Texas Comptroller of Public Accounts.15 Estimates car rental cost for IMSA-linked participants at 25% premium over that spent by fans.‘ Estimated as 85 percent of taxable sales spent by COTA on the 2016 LoneStar LeMans within a 30-day window ofthat race weekend. COTA personnel believe a smaller IMSA race would reduce labor costs but not proportionatelylower spending on rentals and other taxable items. Detailed LoneStar LeMans Profit and Loss Statement providedby Anna Panossian, COTA, 11/17/2016.17Assumes the distribution of comped tickets proportional to all in-state and out-of-state fans.

At this time the expenditures incurred for which CELOC will seek reimbursement under the

Event Trust Fund in order to bring the IMSA Sports Car Challenge to Austin are not yet finalized,

but will undoubtedly greatly exceed the tax gains in Table 4. Accordingly, pending verification of

those expenses, this report requests that the Governor’s Office of Economic Development and

Tourism approve creating trust funds for the 2017 IMSA Sports Car Challenge weekend event

under Section 5C of Article 5190.14 Vernon’s Texas Civil Statutes to receive $212,044 in state tax

contributions when matched by $33,927 in contributions by or on behalf of the City of Austin for

this event for a total Event Trust Fund amount of $245,971.

Appendix A:

Results of 2016 fan Survey

Following the 2016 Lone Stat Le Mans (LSL), COTA e-mailed ticket purchasets with a sutvey toelicit information about event attendees. COlA received a total of 784 survey returns of which231 were from fans from outside of Texas.

The survey asked a number of questions including where the respondent lived, how many nightsthey spent in Austin for the LoneStar LeMans, how many of those nights were spent in hotelsand various other questions about spending at the event as well as if additional personsaffiliated with their group came to Texas from outside the state because of LSL, but were notattending the event. Table A.1 summarizes the results of this survey used in the preparation ofthe out-of-state attendance figures in Table 2 and the expenditure estimates in Table 4.

Survey of Out-of-State Fans at

2016 Lone Star LeMans18

llrn Value # Respondents

Percent of Respondents From Outside Texas 30% 780Average # Nights Stayed 3.44 226Percent of Nights Spent in Hotel 78% 226Persons per Hotel room19 2.12 86Average Nightly Room Cost $ 162.77 167% Renting Car 79% 139CarsRentedpergroup 1.07 110Cost of Car Rental per day $56.40 107Persons per Group 2.22 222

Expenditures Per Person Per Day:Food & Beverage $87.99 127Mixed Beverages $20.92 122Merchandise at Event $19.72 124Entertainment outside Event $19.75 120Other Retail $16.66 122

18 Note that for the percentage of fans from outside Texas the entire survey was considered but since spendingestimates pertain only to out-of-state fans, data items used for spending estimates were based only on out-of-staterespondents.19 Tabulating the results for this data item required considering responses to three separate survey questions. To

provide an unbiased estimate, only data from respondents that answered all three questions were used. This

greatly lowered the number of responses below those of other data items which are typically based solely on a

single question..

O1IIch (II till. (ovIRNoR

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Go v 1R NOR

AFFIDAVITof Endorsing Entity

Affidavit to be completed, including signed and notarized, by any and all Municipalities, Counties, and/orLOCs endorsing an Event Trust Fund, Major Events Reimbursement Program or Motor Sports Racing Trust

Fund.

I, Anna Panossian , an authorized representative of: Circuit Events Local Organizing Committeea [Local Organizing Committee (nonprofit corporation), endorsing municipality or endorsing county] (circle one)(“Requestor”) that is receiving funding through the Event Trust Fund, Major Events Reimbursement Program or MotorSports Racing Trust Fund (“the Act”), hereby swear and affirm that, to the best of my knowledge, the Requestor hasdesigned and implemented internal controls, processes and procedures to help the Requestor ensure that theRequestor and its use of these funds complies with all applicable laws, rules, and written guidance from the EconomicDevelopment and Tourism Office. I further swear and affirm that I, or my duly authorized employee, representative,or agent, have reviewed the information, and that all of the statements made and information provided therein,including statements made and information provided in any attachments are true, complete, and correct to the bestof my knowledge. All other information submitted as part of this request for participation is being represented by meas true and correct, and I am unaware of any information contained therein that is false, misleading, or fraudulent.Information provided includes but is not limited to:

(1) A letter from the municipality or county requesting participation in the Events Trust Fund program and signed by aperson authorized to bind the municipality or county;

(2) A letter from the site selection organization on organization letterhead selecting the site in Texas;(3) An economic impact study or other data sufficient for the Economic Development and Tourism Office to make the

determination of the incremental increase in tax revenue associated with hosting the event in Texas, including alisting of any data for any related activities;

(4) An application for an Events Trust Fund program and any attachments; and(5) An Event Support Contract

I understand that I am receiving funding under the Act for the purposes of facilitating this event: IMSA WeatherTechSportsCar Championship 2017 on these dates: May 5-6, 2017

I understand that non-compliance with reporting requirements could be treated as a violation of the statute and/orprogram rules resulting in the possible withholding of disbursement funding.

I understand that it is a felony offense under Section 37.10, Texas Penal Code, to knowingly make a false entry in, orfalse alteration of, a governmental record, or to make, present, or use a governmental record with knowledge of itsfalsity, when the actor has the intent to harm or defraud another.

I[A$sPNP.O. BOX 12428 I AUSTIN, TX 78711 I 512-936-0100 \VWW,00VERNOR.STATE.TX.US

O:IIcI ui i ni (ovIRD’.uR

CcusoMiC & Touicis.’t

(;Rlcc; ABIO’rT

Cc) V Ri NOR

I understand that the offense of perjury, under Section 37.02, Texas Penal Code, is committed when a person, withintent to deceive and with knowledge of the statement’s meaning, makes a false statement under oath or swears tothe truth of a false statement previously made and the statement is required or authorized by law to be made underoath.

I understand my obligation to provide information about event expectations, performance, and expenses that aretrue and accurate to the best of my knowledge and ability. I also understand my obligation to immediately report anyknown or suspected waste, fraud, and abuse of funds received under the Act to the Texas State Auditor’s Office at1-800-892-8348. I hereby swear and affirm that I have read the entire affidavit, and I understand its contents.

________________________________________________

Anna_Panossian

Affiai1fignature Printed Name

Director, CELOC December 8, 2016

Title and Name of Organization Date

The State of Texas

-rCountyof ‘Cc\si

Before me, a Notary Public, on this day personally appeared Anna Panossian , known to me to be theperson whose name is subscribed to the forgoing instrument and acknowledged to me that he/she executed the samefor the purpose and consideration therein expressed.

Given under my hand and seal of office this 8 day of December, 20 16

Notary Public, State ofTexa

(PERSONALIZED SEAL)

Patricia McInney

Notary Public here)

vVnvnfltv

Mv commission ex ires tIe 6 day of March , 20 19

I

EU WID OPEN

______________________

BUSINESSP.O. BOX 12428 AUSTIN, TX 78711 I 512-936-0100 WWW.GOVERNOR.STATc.TX.US

7—) iN’

C) ii’it: OB 1 HE Goviu.oi

ICU\OF1C DlvIl.oPtl\1’ & Tt)iRis\t

GREG ABBOTT

GO V E RN OR

AFFIDAVITof Endorsing Entity

Affidavit to be completed, including signed and notarized, by any and all Municipalities, Counties, and/or

LOCs endorsing an Event Trust Fund, Major Events Reimbursement Program or Motor Sports Racing Trust

Fund.

, 76iA6 %4 , an authorized rejresentative of: ‘‘Jj r’ 4vji.a [Local Organizing Committee (nonprofit corporation), ndorsing municiilt or endorsing county] (circle one)

(“Requestor”) that is receiving funding through the Event Trust Fund, Major Events Reimbursement Program or Motor

Sports Racing Trust Fund (“the Act”), hereby swear and affirm that, to the best of my knowledge, the Requestor has

designed and implemented internal controls, processes and procedures to help the Requestor ensure that the

Requestor and its use of these funds complies with all applicable laws, rules, and written guidance from the Economic

Development and Tourism Office. I further swear and affirm that I, or my duly authorized employee, representative,

or agent, have reviewed the information, and that all of the statements made and information provided therein,

including statements made and information provided in any attachments are true, complete, and correct to the best

of my knowledge. All other information submitted as part of this request for participation is being represented by me

as true and correct, and I am unaware of any information contained therein that is false, misleading, or fraudulent.

Information provided includes but is not limited to:

(1) A letter from the municipality or county requesting participation in the Events Trust Fund program and signed by a

person authorized to bind the municipality or county;

(2) A letter from the site selection organization on organization letterhead selecting the site in Texas;

(3) An economic impact study or other data sufficient for the Economic Development and Tourism Office to make the

determination of the incremental increase in tax revenue associated with hosting the event in Texas, including a

listing of any data for any related activities;

(4) An application for an Events Trust Fund program and any attachments; and

(5) An Event Support Contract

I understand that I am receiving funding under the Act for the purposes of facilitating this event: LfriACat on these dates: 1llaj 5 20J7

I understand that non-compliance with reporting requirements could be treated as a violation of the statute and/or

program rules resulting in the possible withholding of disbursement funding.

I understand that it is a felony offense under Section 37.10, Texas Penal Code, to knowingly make a false entry in, or

false alteration of, a governmental record, or to make, present, or use a governmental record with knowledge of its

falsity, when the actor has the intent to harm or defraud another.

IEW WIDE OPENBUSINE$S

P.O. BOX 12428 [ AUSTIN, TX 78711 512-936-0100 I WWW.GOVERNOR.STATE.TX.US

,I

OlFIcI oi itti (ovfI”,cR

LEO”. OMIt, DUVEIOP\IE\T & ‘Tot RISNI

GREG ABI3OTT

GO V ER OR

I understand that the offense of perjury, under Section 37.02, Texas Penal Code, is committed when a person, withintent to deceive and with knowledge of the statement’s meaning, makes a false statement under oath or swears to

the truth of a false statement previously made and the statement is required or authorized by law to be made underoath.

I understand my obligation to provide information about event expectations, performance, and expenses that aretrue and accurate to the best of my knowledge and ability. I also understand my obligation to immediately report anyknown or suspected waste, fraud, and abuse of funds received under the Act to the Texas State Auditor’s Office at1-800-892-8348. I hereby swear and affirm that I have read the entire affidavit, and I understand its contents.

__________________

Ek1 ikAffiant Signature Printed Name

Mena3tg’:. I 4V /-/5 -/(,Title and Name of Organization Date

The State of Texas

County of tc’e1/=Before me, a Notary Public, on this day personally appeared L4Z-ti._ /-(,- 41 , known to me to be theperson whose name is subscribed to the forgoing instrument and acknowledged to me that he/she executed the samefor the purpose and consideration therein expressed.

Given under my hand and seal of office this /5 day of ô’,E ,20 / (P

*) 732c4xt 7 hotarpubIStZTs

(PERSONALIZED SEAL)

(Print name of Notary Public here)

M commission ex ires the_______ day of , 20

I

V WID OPEN

____ ____

8USINE$SP.O. BOX 12428 I AUSTIN, TX 78711 I 512-936-0100 I WWW.GOVERNOR.STATE.TX.US

I

GREG ABBOT’r

GOVERNOR

AFFIDAVITfor Economic Impact Documentation

Affidavit to be completed, including signed and notarized, by any and all party(ies) providing

economic data to support a request for an Event Trust Fund, Major Events Reimbursement Program

or Motor Sports Racing Trust Fund.

I, Don Hoyte , am providing information to be used by a City, County or LocalOrganizing Committee for the purpose of receiving funding through the Event Trust Fund, Major EventsReimbursement Program, or Motor Sports Racing Trust Fund (“the Act”), and hereby swear and affirm that, to the

best of my knowledge, any data provided is true and accurate, and any projections made are based on reasonableassumptions documented in the information provided. I further swear and affirm that I have reviewed theinformation being submitted, and that all of the statements made and information provided herein, Includingstatements made and information provided in any attachments are true, complete, and correct, to the best of myknowledge. Information provided Includes but is not limited to an economic impact study or other data sufficient forthe Economic Development and Tourism Office to make the determination of the incremental increase in tax revenueassociated with hosting the event in Texas, including a listing of any data for any related activities.

I understand that the City, County or Local Organizing Committee is receiving funding under the Act for the purposes offacilitating this event: SporisCar Challenge on these dates: May 5-7, 2017

and that the Information will be provided by the City, County or Local Organizing Committee as a governmentdocument.

I understand that it is a felony offense under Section 37,10, Texas Penal Code, to knowingly make a false entry in, orfalse alteration of, a governmental record, or to make, present, or use a governmental record with knowledge of itsfalsity, when the actor has the intent to harm or defraud another.

I understand that the offense of perjury, under Section 37.02, Texas Penal Code, is committed when a person, withintent to deceive and with knowledge of the statement’s meaning, makes a false statement under oath or swears tothe truth of a false statement previously made and the statement is required or authorized by law to be made underoath.

I understand my obligation to provide information about event expectations, performance, and expenses that are trueand accurate to the best of my knowledge and ability. I also understand my obligation to immediately report anyknown or suspected waste, fraud, and abuse of funds received under the Act to the Texas State Auditor’s Office at1-800-$92-$348. I hereby swear and affirm that I have read the entire affidavit, and I understand its contents.

IF’, WIDE OPEN

_____________ ____—

BUSINESSP.O. Box 12428 AUSTIN, TX 78711 512-936-0100 WWW.GOVBRNOR.STATE.TX.US

.

v,);-)

t(.&)”.O’,lIt. Dl:vI,I.ul’.tII\I TUURlS.l

/_7C /

Affiant Signature

i;,Title and Name of Organization

The State of Texas

County of WiIIIftYY5ofl

Don Hoyte

Printed Name

///&/6/

Date”

Before me, a Notary Public, on this day personally appeared Don Hoyte , known to me to be the

person whose name is subscribed to the forgoing instrument and acknowledged to me that he/she executed the same

for the purpose and consideration therein expressed.

Given under my hand and seal of office this

_______day

of

____________________

, 20 I 1,0

clJLY1

(PERSONALIZED SEAL)

\iOd M’.jrctLV’I((Print name of Notary Public here)

• My commissIon expiresthe p4’1 daY of Micy ,20 tD

I[V WiUE OPEN

______

______

/.-, ,‘\c\

iiii

l.(.U’sO.tIt. DI:vItu1’lI\ t

GRRG ABBOTT

GOVERNOR

Nota?y Public, State of Texas

JODEE MYRDAHLNotary PubIc, State ot TogasNotary ID# 128989084

MyCamrnlulori Erptias

P.O. IIOX 12428 I AUSTIN, TX 78711 I 512-936-0100 I WWW.GOVERNOR.STATE.TX.US