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40. NONPROFIT ECONOMIC DEVELOPMENT CONTRACT - PHOENIX REGIONAL SPORTS COMMISSION Approve a Contract between Phoenix Regional Sports Commission and Maricopa County through the Community Development Department, in the not-to-exceed amount of $22,500. The purpose of this Contract is to provide FY 2008-2009 nonprofit economic development funding to the Phoenix Regional Sports Commission for the purposes of soliciting and bidding on sports related events, which may require a bid fee, through the sponsorship of events as part of its guarantee. The agency will also pursue bids on additional amateur, youth and professional sports events that will be new to the County. This Contract is effective from July 1, 2008 until June 30, 2009. This will be the last payment to the Commission as this Commission will be organizing as a nonprofit corporation. (C-20-09-036-3-00)