STRATEGIC PRIORITY: Quality of Life, Arts & Culture
AGENDA DATE: January 24, 2024
COUNCIL DISTRICT(S):|910|DEPARTMENT: Park & Recreation Department
EXECUTIVE: John D. Jenkins
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SUBJECT
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Authorize (1) the fourth amendment to extend the Cotton Bowl Stadium Agreement with State Fair of Texas, The University of Oklahoma ("OU"), The University of Texas ("Texas"), and the City of Dallas for the City's participation as a third party beneficiary to the State Fair/Texas-OU Cotton Bowl Stadium Agreement from 2026 through 2036; and (2) the disbursements to each university, subject to the annual University of Texas versus University of Oklahoma football game being played at the Cotton Bowl, in the amount of $500,000.00 each beginning in 2026 through 2036 - Total not to exceed $11,000,000.00 - Financing: General Fund (subject to annual appropriations)
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BACKGROUND
On May 23, 2007, the City Council authorized (1) the City's participation as a third party beneficiary to the State Fair/Texas-OU Cotton Bowl Stadium Agreement by providing each university a game fee, subject to the annual University of Texas versus University of Oklahoma football game being played at the Cotton Bowl, in the amount of $125,000.00 each in 2007, $425,000.00 each beginning in 2008 through 2011, and $500,000.00 each beginning in 2012 through 2015, for an amount not to exceed $7,650,000.00; and (2) the City to provide Grambling State University versus Prairie View A&M University football game being played at the Cotton Bowl, in the amount of $25,000.00 each in 2007 and $75,000.00 each beginning in 2008 through 2015, for an amount not to exceed $1,250,000.00, for a total amount not to exceed $8,900,000.00, by Resolution No. 07-1539.
On May 16, 2012, the City Council authorized (1) the first amendment and the City's participation as a third party beneficiary to the State Fair/Texas-Oklahoma Cotton Bowl Stadium Agreement by ...
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