Posting Language
Title
Authorize the use of up to $4,500,000 of proceeds of bonds approved by voters in 2018 under Proposition B (Libraries, Museums & Cultural Arts Facilities), by the Austin Economic Development Corporation for the Austin Playhouse Arts Center project.
De
Lead Department
Economic Development Department.
Fiscal Note
Funding is available in the Capital Budget of the Economic Development Department.
Prior Council Action:
Resolution No. 20180215-082 - directed City Manager to propose steps for collaborating with and supporting Austin Cultural Trust to create spaces to support artists and arts organizations, preserve historic and iconic cultural buildings and spaces for creative and cultural uses and function in a way that provides for cultural assets to exist in all parts of the City;
Resolution No. 20201001-055 - Approve a resolution creating the Austin Economic Development Corporation (Corporation), a Local Government Corporation under Subchapter D, Chapter 431, Texas Transportation Code; approving and adopting the corporation's Articles of Incorporation and Bylaws; and appointing the initial Board.
Resolution No. 20210610-011 - Authorize negotiation and execution of an interlocal cooperation agreement with the Austin Economic Development Corporation to provide assistance in engaging and supporting development projects and leveraging the City's investments or assets to achieve inclusive economic and community development outcomes and priorities, in an amount not to exceed $15,000,000.
Resolution No. 20221208-029 - Approved negotiation and execution of a lease agreement with the Austin Economic Development Corporation for approximately 7,006 square feet of space in the City's Permitting and Development Center located at 6310 Wilhelmina Delco Drive, Austin, Texas 78752 for an annual lease rate of $100, and approve the use of up to $2,400,000 of proceeds from Proposition B of the 2018 Bond for this project and the Millennium Youth Entertainment ...
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