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MEMORANDUMAgenda Item No. 3(A)(12)TO:Honorable Chairman Anthony Rodriguez and Members, Board of County CommissionersDATE:September 3, 2025FROM:Geri BonzonKeenan County AttorneySUBJECT:Resolution approving
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01
Collect necessary documentation including proof of ownership and financial statements.
02
Review the application guidelines provided by the arena naming rights fund.
03
Complete the application form accurately with all required information.
04
Detail the proposed naming rights agreement, including duration and terms.
05
Submit the application along with required attachments by the deadline.
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Await confirmation of receipt and be prepared for any follow-up inquiries.

Who needs arena naming rights fund?

01
Sports teams looking to secure funding for their arenas.
02
Local governments seeking to enhance community sports facilities.
03
Event organizers who require financial support to host events.
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Non-profit organizations focusing on community engagement through sports.
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The arena naming rights fund is a financial mechanism designed to manage and distribute funds obtained from the sale of naming rights for sports arenas or venues.
Entities or organizations that own or operate arenas and have engaged in agreements for naming rights are typically required to file regarding the arena naming rights fund.
To fill out the arena naming rights fund, one must provide detailed information about the naming rights agreements, including parties involved, financial details, and pertinent dates.
The purpose of the arena naming rights fund is to ensure transparency and accountability in the financial arrangements surrounding the naming rights for sports venues.
Information that must be reported includes the name of the entity granted naming rights, duration of the agreement, financial terms, and any changes in the agreement over time.
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