4. Profit Sharing and Event Revenues

City Commission Meeting · 2026-07-23 · agenda_item

This item concerns a proposed Memorandum of Understanding (MOU) between the City of Palatka and Palatka Newtown, Inc. regarding profit sharing and event revenues related to a facility. The agreement outlines how funds from co-sponsored events and donations will be handled. A key aspect is the plan for at least one major annual fundraising event to help offset the City of Palatka's $25,000 annual contribution. The agreement is currently under review by the City Commission. This process could lead to future opportunities for event planning, fundraising support, and financial services. Businesses specializing in event management, marketing, and financial administration may find opportunities as these agreements are finalized and implemented.

City of Palatka annual contribution

25000 dollars

City of Palatka share of donations

10 percent