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13046I RESOLUTION NO. 13,046 2 3 A RESOLUTION TO AUTHORIZE THE CITY MANAGER TO ENTER INTO 4 AN AGREEMENT WITH THE LITTLE ROCK CONVENTION AND VISITORS 5 BUREAU TO MANAGE AND OPERATE THE LITTLE ROCK RIVER 6 MARKET AND RIVERFEST AMPHITHEATER; AND FOR OTHER 7 PURPOSES. 8 9 WHEREAS, the City owns the Little Rock River Market and the Riverfest Amphitheater and has 10 operated them as a public venue and tourist attraction for the past ten years, and 11 WHEREAS, the City and the Little Rock Convention and Visitors Bureau (LRCVB) have partnered 12 together to manage public facilities in the past and the LRCVB manages similar public venues and 13 tourist attractions and can bring a significant support structure to these City -owned facilities, and 14 WHEREAS, the City has discussed such a partnership for the past several years as a component of 15 the annual budget discussions, and 16 WHEREAS, the City believes that a successful operating agreement can be reached that further 17 enhances the public value of the Little Rock River Market and Riverfest Amphitheater. 18 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE 19 CITY OF LITTLE ROCK, ARKANSAS: 20 Section 1. The City Manager is authorized to execute an agreement with the Little Rock Convention 21 and Visitors Bureau for the management and operation of the Little Rock River Market and the Riverfest 22 Amphitheater. 23 Section 2. Any such agreement shall include the following terms and conditions: 24 (a) The City and the Little Rock Convention and Visitors Bureau will initiate the agreement no 25 later than November 1, 2009; the agreement shall be for the management and operation of the 26 Little Rock River Market, the Farmers' Market Pavilions and the Riverfest Amphitheater; 27 (b) The City shall provide up to $250,000 for the operation and maintenance of this facility in 28 fiscal year 2010; 29 (c) The City and the LRCVB will work together over the next twelve months to further expand 30 the agreement to transfer all financial responsibility of the facilities to the Little Rock Convention 31 and Visitors Bureau; 32 (d) The Farmers' Market shall have exclusive use of the Pavilions on Tuesday and Saturdays 33 from 6:00 a.m. to 2:00 p.m. from April through October and shall not be relocated or displaced PAGE 1 OF 2] RESOLUTION To authorize agreement between CLR and LRCVB 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 for another scheduled event unless the LRCVB and the City Manager have agreed to the arrangements in; (e) The agreement shall not have any negative impact on established events at the Market or amphitheater, including, but not limited to, Riverfest, Easter Sunrise Service, Movies in the Park, and Pops on the River. Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or adjudication shall not affect the remaining portions of the resolution which shall remain in full force. ADOPTED: October 6, 2009 ATTEST:,— APP ED: /Susan L`ey cting City Clerk APPRO A TO LEGAL FORM: Thomas M. Carpenter, City A o ne // // // // // // // // // // // // // // // // // RESOLUTION To authorize agreement between CLR and LRCVB PAGE 2 OF 2] •tit -4-L ene Forts n, Vice ayor