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Addendum PREPARED BY: MONICA RENN Economic Vitality Manager Reviewed by: Town Manager, Assistant Town Manager, Town Attorney, and Finance Director 110 E. Main Street Los Gatos, CA 95030 ● 408-354-6832 www.losgatosca.gov TOWN OF LOS GATOS COUNCIL AGENDA REPORT MEETING DATE: 02/06/2018 ITEM NO: 12 ADDENDUM DATE: FEBRUARY 5, 2018 TO: MAYOR AND TOWN COUNCIL FROM: LAUREL PREVETTI, TOWN MANAGER SUBJECT: DECIDE NEXT STEPS FOR THE PARK SUMMER CONCERT SERIES HELD ON THE LOS GATOS CIVIC CENTER LAWN EACH JUNE THROUGH AUGUST REMARKS: The following questions were received from Councilmembers after distribution of the staff report; staff responses follow in italic font: 1. On page 2 of the Staff Report, 1st sentence under "Discussion," reads "...social, cultural, and economic value that MIP brings to Los Gatos.." Is there any data to support the assertion that MIP actually does bring economic value to Los Gatos, or is this simply an assumption? If there is data, where can I find it, and what is the dollar amount? This is an assumption based on the crowd size that MIP draws, which includes both Los Gatos residents and visitors. It is hard to measure the direct impact as some folks may patronize businesses directly before or after the concerts, while others may discover new places in Los Gatos and then return to Town on another day to visit. Attachments previously received with Staff Report: 1. Solicitation and Donation Policy