STRATEGIC PRIORITY: Quality of Life
AGENDA DATE: June 9, 2021
COUNCIL DISTRICT(S):|910|DEPARTMENT: Park & Recreation Department
EXECUTIVE: John D. Jenkins
______________________________________________________________________
SUBJECT
title
Authorize (1) a first amendment to the management agreement with Fair Park First to amend sections 3.01(c), 3.01(f), 3.02 (a), 4.20, 14.03; and add a section 3.02(b) regarding maintenance and operation of the Children's Aquarium; and (2) funding through the Equity Revitalization Capital Fund and the General Fund - Not to exceed $3,219,095.00 - Financing: Equity Revitalization Capital Fund ($500,000.00) and General Fund ($2,719,095.00) (subject to appropriations)
body
BACKGROUND
On November 1, 2018, the City entered into a 20-year management agreement with Fair Park First (FPF) to operate, manage, promote, enhance, and improve Fair Park. After reviewing operations since FPF began managing Fair Park, staff and FPF management agree that the agreement needs to be amended to clarify the parties' respective responsibilities. Below is a summary of the proposed amendments:
Amend Section 3.01(c) to allow for a fifty percent payment of the Annual Appropriation to be paid on October 1st annually and three other 1/6th payments to be made on January 1st, April 1st, and July 1st of each contract year. The Annual Appropriation is currently paid on a month-to month basis.
Amend Section 3.01(f), Capital Improvement Plan Appropriations, to modify the payment schedule from a month-to-month payment to a single payment to be made, upon Council appropriation, within 90 days of City's approval of the Capital Improvement Plan as submitted by FPF.
Amend Section 3.02(a), Use of Funds in Annual Appropriation to Support Resident Institutions, to place the responsibility for annual stipend funding on the City for following resident institutions: Music Hall at Fair Park, the African American Museum and The Hall of State. FPF will remain res...
Click here for full text