Item 4 — Thursday, October 9, 2025

Current official agenda wording

Authorize negotiation and execution of an amendment to the interlocal agreement with the Austin Economic Development Corporation dba Rally Austin to provide an additional $5,400,000 of City funding to Rally Austin to be used for the Austin Cultural Trust, creative space within the permitting and development center, and operational support for Rally Austin, for a revised total agreement amount not to exceed $45,140,000. Funding: $2,900,000 is available in the Iconic Venue Fund of Austin Arts, Culture, Music and Entertainment, $2,500,000 is available in the Operating Budget of Austin Financial Services.