Posting Language
Title
Authorize negotiation and execution of an amendment to the interlocal cooperation agreement with the Austin Economic Development Corporation to provide services to the Austin Convention Center Department for the development project at the Austin Convention Center site for an amount not to exceed $250,000.
De
Lead Department
Economic Development Department
Fiscal Note
This has no fiscal impact.
Prior Council Action:
December 11, 2014 - Approved Resolution No. 20141211-122, which directed the City Manager to deliver a feasibility study and timeline for creating an economic development corporation or similar entity to manage economic development projects.
February 16, 2017- Approved Resolution No. 20170216-040, which directed the City Manager to propose an economic development corporation or similar entity to support the development of affordable housing, redevelopment, revitalization and other projects.
May 23, 2019 - Approved Resolution 20190523-029, which, in part, directed City Manager to explore all possibilities related to land leasing, acquisition, and the establishment of public-private partnerships for the Convention Center redevelopment and expansion project.
August 8, 2019 - Approved Resolution No. 20190808-072, which directed the City Manager to initiate the necessary processes to authorize the creation of an economic development entity, identify potential funding sources, solicit stakeholder feedback and, if necessary, contract with subject matter experts to develop an implementation plan.
October 1, 2020 - Approved Resolution No. 20201001-055, which created the Austin Economic Development Corporation (AEDC), a Local Government Corporation under Subchapter D, Chapter 431, Texas Transportation Code; adopted the corporation's Articles of Incorporation and Bylaws; and appointed the initial Board of Directors.
December 23, 2020 - Approved Resolution No. 20201203-010, which amended the Bylaws of the AEDC to include the approve...
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