Authorize negotiation and execution of an amendment to the interlocal agreement with the Austin Economic Development Corporation, d/b/a Rally Austin, to provide $13,215,260 of City hotel occupancy tax funding to Rally Austin to be used to establish and fund the Historic Preservation Acquisition Fund program to identify, acquire, preserve, activate, and steward historic properties and related preservation activities that promote tourism and convention visitation in compliance with Texas Tax Code

Staff Report & Agenda Item Details

Authorize negotiation and execution of an amendment to the interlocal agreement with the Austin Economic Development Corporation, d/b/a Rally Austin, to provide $13,215,260 of City hotel occupancy tax funding to Rally Austin to be used to establish and fund the Historic Preservation Acquisition Fund program to identify, acquire, preserve, activate, and steward historic properties and related preservation activities that promote tourism and convention visitation in compliance with Texas Tax Code Section 351.101(a)(5) and fund Rally Austin’s administrative fees, for a revised total agreement amount not to exceed $58,355,260. Funding: $13,215,260 is available in the Fiscal Year 2025-2026 Austin Arts, Culture, Music and Entertainment Special Revenue Fund (Historic Preservation Fund).

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 7.0/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).