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 2025-2026 for historic preservation and restoration projects and activities in an amount not to exceed $31,379,499. Funding: $31,379,499 is available in Fiscal Year 2025-2026 Austin Arts, Culture, Music and Entertainment 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
Austin Arts, Culture, Music and Entertainment.
Fiscal Note
Funding in the amount of $31,379,499 is available in Fiscal Year 2025-2026 Austin Arts, Culture, Music and Entertainment 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 $15,000,000 over the next five years, starting in Fiscal Year 2020-2021. With the $2,600,000 Fiscal Year 2025-2026 trans...
Click here for full text