The Payson Pro Rodeo Committee has cleared the last major hurdle needed to take over the production of Payson's next two August rodeos, longtime rodeo boss Bill Armstrong said Monday.
The committee posted a $25,000 performance bond before the deadline Thursday, clearing the way for the committee to take over the responsibility of producing the 2000 World's Oldest Continuous Rodeo.
For years, the rodeo committee co-produced the rodeo with the Rim Country Chamber of Commerce. This will be the first year the chamber has contracted with the committee to produce the rodeo on its own.
Chamber CEO Tom Kaleta confirmed Tuesday that the committee had posted its performance bond on time, but said a "few things (about the contract) need to be worked out."
Although he would not elaborate on what those details are, he said he didn't think any of them would stall the chamber's agreement with the committee.
In addition to the performance bond, the committee entered into a $15,000 lease agreement with the chamber to put on the 2000 rodeo, Armstrong said.
With the rodeo contract and lease, the committee is permitted to host the rodeo Payson's most popular sporting attraction for the next two years and has an option for a third, Armstrong said.
In addition to posting the bond, the committee was required to secure approval from the Professional Rodeo Cowboys Association to host the rodeo.
That OK has been received, Armstrong said.
The committee board of directors met Tuesday evening in a regularly scheduled meeting to complete plans for the rodeo, which will be held Aug. 18-20 for the first time ever at the newly completed Payson Multi-event Center.