Posting Language
Title
Approve a resolution authorizing the City Manager to award, negotiate, and execute Historic Preservation Fund grant agreements and allocations for Fiscal Year 2024-2025 for historic preservation and restoration projects and activities in an amount not to exceed $32,748,586. Funding: $32,748,586 is available in the Parks and Recreation Department's Fiscal Year 2024-2025 Special Revenue Historic Preservation Fund for historic preservation and restoration projects in accordance with Texas Tax Code Section 351.101(a)(5).
De
Lead Department
Parks and Recreation Department.
Fiscal Note
Funding in the amount of $32,748,586 is available in the Parks and Recreation Department's Fiscal Year 2024-2025 Special Revenue Historic Preservation Fund for historic preservation and restoration projects in accordance with Texas Tax Code Section 351.101(a)(5).
Prior Council Action:
October 4, 2018 - Council approved Resolution No. 20181004-033 directing the City Manager to allocate the Historic Preservation Fund Fiscal Year 2019 budget in the following manner on a 10-0 vote: 70 percent for City historic facilities and sites in accordance with Texas Tax Code Section 351.101(a)(5); 15 percent% for potential future historic acquisitions or major preservation projects that would be frequented by tourists and convention delegates; and 15 percent for the Heritage Preservation Grant Program.
April 8, 2021 - Council approved Resolution No. 20210408-005 transferring in and appropriating $2,400,000 from the Fiscal Year 2020-2021 Austin Convention Center Capital Fund to provide relief funds to stabilize Austin's tourist economy and address the loss of iconic venues and businesses that promote tourism and the hotel and convention industry. Transfers to the Special Revenue Fund began following Council direction to transfer $15 million over the next five years starting in Fiscal Year 2020-2021. As of Fiscal Year 2024-2025, Special Revenue Fund transfers totaled $12.4 mil...
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