HomeMy WebLinkAbout16859 1 RESOLUTION NO. 16,859
2
3 A RESOLUTION TO AUTHORIZE THE CITY MANAGER TO ENTER
4 INTO AN AGREEMENT WITH THE LITTLE ROCK CONVENTION AND
5 VISITORS' BUREAU FOR THE CONTINUED MANAGEMENT AND
6 OPERATION OF THE LITTLE ROCK RIVER MARKET FOR A TWELVE
7 (12)-MONTH PERIOD BEGINNING JANUARY 1,2026;AND FOR OTHER
8 PURPOSES.
9
10 WHEREAS,the City of Little Rock, Arkansas ("City"), owns the Little Rock River Market, which
11 includes the River Market Ottenheimer Hall and related facilities including the First Security Amphitheatre,
12 the pavilions surrounding Ottenheimer Hall and Park Access areas defined as the Triangle and the West
13 Lot,and which is operated as a public venue and tourist attraction;and,
14 WHEREAS,the City and the Little Rock Advertising and Promotion Commission, d/b/a Little Rock
15 Convention and Visitors Bureau ("LRCVB") have partnered together to manage public facilities and
16 LRCVB brings a significant support structure to these City-owned facilities;and,
17 WHEREAS, a River Market Memorandum of Understanding Management Agreement between the
18 City and LRCVB is requested for 2026;and,
19 WHEREAS, the City believes that a successful operating agreement can be reached that further
20 enhances the public value of the Little Rock River Market.
21 NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
22 OF LITTLE ROCK,ARKANSAS:
23 Section 1.The City Manager is authorized to enter into a twelve(12)-month Agreement with LRCVB
24 for the management and operation of the Little Rock River Market, which shall mean the River Market
25 Ottenheimer Hall and related facilities including the First Security Amphitheatre,the pavilions surrounding
26 the Ottenheimer Hall and Park Access areas defined as the Triangle and the West Lot.
27 Section 2. Any such agreement shall include the following terms and conditions:
28 (a) The City and LRCVB will initiate the agreement effective no later than January 1, 2026; the
29 agreement shall be for the management and operation of the Little Rock River Market;and,
30 (b) The City will match LRCVB's contribution of Three Hundred Fifty Thousand Dollars
31 ($350,000.00)for the operation and maintenance of this facility in Fiscal Year 2026,and funds are available
32 from the River Market Budget Line Item,Account No. 104601;and,
33 (c) The City shall reimburse LRCVB a monthly amount of Ten Thousand Dollars ($10,000.00) for
34 indirect costs of Administration,Accounting, Human Resource Services and General Property Marketing
35 and Management Expenses associated with the operation of the River Market;and,
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1 (d)The Agreement shall honor the long-term partners and users as agreed to by the City and LRCVB.
2 Section 3.Severability.In the event any title,section,paragraph,item,sentence,clause,phrase,or word
3 of this resolution is declared or adjudged to be invalid or unconstitutional,such declaration or adjudication
4 shall not affect the remaining portions of the resolution which shall remain in full force and effect as if the
5 portion so declared or adjudged invalid or unconstitutional was not originally a part of the resolution.
6 Section 4. Repealer. All resolutions, bylaws, and other matters inconsistent with this resolution are
7 hereby repealed to the extent of such inconsistency.
8 ADOPTED: November 4,2025
9 ATTEST: APPROVED:
10
11 MIMAA
12 Allison Segars,Ci lerk Frank Scott,Jr.,Mayor
13 APPROV D AS TO LEGAL FORM:
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15 friAalA4-4 (a.
16 Thomas M. Carpenter,City Attorn
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