Description
Title: Authorize an amendment to the management agreement with Austin DMO, Inc. dba Downtown Austin Alliance for management services to extend the term to April 30, 2031 and update the 5-Year Service and Assessment Plan and Budget to align with the extended term. Funding: This item has no fiscal impact. Related to Item #12.
Summary
The Austin City Council is considering an amendment to the management agreement with the Downtown Austin Alliance (DAA) for a renewed five-year service plan and budget, extending the agreement until April 30, 2031. This plan is funded primarily through special assessments on large private properties within the Public Improvement District (PID), with exemptions for homestead properties. The DAA aims to enhance downtown Austin's vibrancy by focusing on cleanliness, safety, and economic development, while fostering collaboration among stakeholders, including property owners and community organizations. This legislation is significant as it allows for operational flexibility, enabling the DAA to adapt to post-COVID challenges and better meet the evolving needs of the downtown area, ultimately benefiting residents, businesses, and visitors.