Posting Language
Title
Authorize negotiation and execution of an agreement with Austin Convention and Vistors Bureau d/b/a Visit Austin (ACVB) for an initial five-year term and one five-year extension option for convention and tourism promotion services in an amount not to exceed $19,993,429 for the City's portion for Fiscal Year 2026-2027, and approve a resolution approving the ACVB 2026-2027 Marketing Plan and Proposed Budget of $22,453,889, setting the contract payment as required by Chapter 351 of the Texas Tax Code, and authorizing the City Manager to file approved documents with the City Clerk's Office as required by the Texas Tax Code. Funding: $12,493,429 is available in the Fiscal Year 2026-2027 Tourism and Promotion Fund Operating Budget of the Austin Convention Center Department and $7,500,000 is available in the Fiscal Year 2026-2027 Operating Budget for the Austin Convention Center Department for the marketing plan and budget. For the agreement, $19,993,429 is contingent upon approval of the Fiscal Year 2026-2027 Proposed Operating Budget for the Tourism and Promotion Fund, $12,493,429 of which is funded with a portion of Hotel Occupancy Tax and $7,500,000 of which is contingent upon approval of the proposed Fiscal Year 2026-2027 Operating Budget of the Austin Convention Center Department. Funding for each fiscal year is contingent upon the availability of Council-approved funds in the Operating Budget of the Tourism and Promotion Fund.
De
Lead Department
Austin Convention Center Department.
Fiscal Note
Funding to perform the work described in the Marketing Plan, in the amount of $19,993,429,is available in the: (1) Fiscal Year 2026-2027 Operating Budget for the Tourism and Promotion Fund in the amount of $12,493,429 which is funded with a portion of Hotel Occupancy Tax (non-general fund) and (2) Fiscal Year 2026-2027 Operating Budget for the Convention Center in the amount of $7,500,000. Additional funding from private sector revenue sources is...
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