Posting Language
Title
Approve a resolution amending Resolution No. 20200729-084 to amend the bylaws for Austin Convention Enterprises, Inc. (ACE) to clarify board officer responsibilities and board membership terms in accordance with ACE’s articles of incorporation.
Body
Lead Department
Financial Services Department
Prior Council Action:
January 18, 2024 - Council approved a Resolution to adopt Amended and Restated Articles of Incorporation for Austin Convention Enterprises, Inc.
July 29, 2020 - Council approved a Resolution to amend the Austin Convention Enterprises, Inc. bylaws.
March 2, 2000 - Council created Austin Convention Enterprises, Inc. as a nonprofit public facilities corporation.
Council Committee, Boards and Commission Action:
Kimberly Olivares, Director of Financial Services, 512-974-2924
Additional Backup Information:
Austin Convention Enterprises, Inc. (ACE) is a public facilities corporation created by the City of Austin to own, finance and operate the convention center hotel located at 500 East 4th Street and branded as Hilton Austin. ACE’s governing documents give the ACE Board the authority to amend its bylaws, yet Texas Local Government Code Chapter 303.038(a) requires that such amendments be approved by the Council.
ACE Board approved these amendments at their February 19, 2025 meeting. These are administrative changes to align ACE’s bylaws with its Articles of Incorporation and clarify the appointment and responsibilities of the Chair of the Board of Directors. Exhibit A is a clean version of ACE’s bylaws showing the approved changes; a redline version is also included as back-up for the item