Posting Language
Title
Authorize negotiation and execution of a contract with the Red River Merchants Association to provide organizational stability, marketing and branding, heritage and cultural preservation, artistic and cultural productions, and economic development programming and activities in the Red River Cultural District for an initial one year term in an amount not to exceed $150,000, with four one-year renewals, each in the amount of $150,000, for a total contract amount not to exceed $750,000.
De
Lead Department
Economic Development.
Fiscal Note
Funding in the amount of $150,000 is available from the Fiscal Year 2024-2025 Red River Cultural District Special Revenue Fund through the collection of temporary use of right-of-way fees, alley vacation sales payments, and license agreement payments from development projects within the downtown area not already subject to the Rainey Street Historic District Special Revenue Fund. Funding for the remaining extension options is contingent upon available funding through future collections.
Prior Council Action:
Ordinance No. 20240530-169 - Council approved the ordinance creating the Red River Cultural District Special Revenue Fund and directing the City Manager to designate eligible use of funding in City Code Sections 12-6-2 (Parking Benefit District) and 12-7-2 (Parking Transportation Management District).
Resolution No. 20131017-036 - Council approved a resolution designating the 600 to 900 blocks of Red River Street as the Red River Cultural District.
For More Information:
Sylnovia Holt-Rabb, Director, Economic Development Department, 512-974-3131; Anthony Segura, Deputy Director, Economic Development Department, 512-974-3187; Matthew Schmidt, Program Manager III, Economic Development Department, 512-974-6415.
Additional Backup Information:
This proposed action authorizes funding of a service management contract with the Red River Cultural District Merchants Association (RRCDMA), a 501(c)(3) non-pro...
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