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File #: 19-232    Version: 1 Name:
Type: Report Item Status: Agenda Ready
File created: 4/24/2019 In control: City Council/Public Finance and Economic Development Authority/Parking Authority
On agenda: 5/6/2019 Final action:
Title: SUBJECT: Report - Update to the City Council on the Soccer Academy of Merced, Inc.'s Tax-Exempt Status REPORT IN BRIEF Soccer Academy of Merced, Inc.'s tax-exempt status was revoked on or around October 11, 2017. To date, the Internal Revenue Service (IRS) has not reinstated tax-exempt status. The City Council has requested a report on the efforts staff have taken to address this issue. RECOMMENDATION In the event that the Soccer Academy of Merced, Inc. is unable to resolve their current tax-exempt status, staff are seeking direction from the City Council on what next steps should be taken for the use of the Stephen Leonard Park Youth Center.
Attachments: 1. 4-22-19 Letter to Soccer Academy of Merced, Inc., 2. Lease Agreement with Soccer Academy of Merced, Inc., 3. Soccer Update.5.6.19.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Report Prepared by: Steve Carrigan, City Manager

 

Title

SUBJECT: Report - Update to the City Council on the Soccer Academy of Merced, Inc.’s Tax-Exempt Status

 

REPORT IN BRIEF

Soccer Academy of Merced, Inc.’s tax-exempt status was revoked on or around October 11, 2017. To date, the Internal Revenue Service (IRS) has not reinstated tax-exempt status.  The City Council has requested a report on the efforts staff have taken to address this issue.

 

RECOMMENDATION

In the event that the Soccer Academy of Merced, Inc. is unable to resolve their current tax-exempt status, staff are seeking direction from the City Council on what next steps should be taken for the use of the Stephen Leonard Park Youth Center.

 

Body

DISCUSSION

The City Manager will provide a presentation on steps taken to work with the Soccer Academy of Merced, Inc. to address its current IRS tax-exempt status.  Attached for the City Council’s consideration is a letter to the Soccer Academy of Merced, Inc. along with other supporting documents.

 

ATTACHMENTS

1.  4-22-19 Letter to Soccer Academy of Merced, Inc., of Tax-Exempt Status

2.  Lease Agreement with Soccer Academy of Merced, Inc.

3.  Presentation