Item 9 — Thursday, July 23, 2026

Current official agenda wording

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).