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HomeMy WebLinkAbout(0003) IR 21-10538 - Amend Contract...Southwestern Exposition and Livestock ShowINFORMAL REPORT TO CITY COUNCIL MEMBERS No. 21-10538 pATEJ4 A, To the Mayor and Members of the City Council January 26, 2021 Page 1 of 1 * krA SUBJECT: UPCOMING AMENDMENT TO THE CURRENT CONTRACT BETWEEN THE CITY OF FORT WORTH AND THE SOUTHWESTERN EXPOSITION AND LIVESTOCK SHOW The purpose of this Informal Report is to notify the City Council of an upcoming M&C requesting to amend the current contract between the City of Fort Worth and Southwestern Exposition and Livestock Show (a/k/a Fort Worth Stock Show and Rodeo, hereinafter "FWSSR"). As was reported in a previous Informal Report, due to the concerns about the impact that the 2021 Fort Worth Stock Show and Rodeo would have on Fort Worth citizens and visitors in terms of the further spread of the COVID-19 virus, the Executive Committee of the FWSSR unanimously voted to cancel the event. This is the first time that the FWSSR has been cancelled since 1943. As part of that cancellation, the Public Events department recommends a waiver of the $200,000 rental fee that the FWSSR is contractually obligated to pay for the use of the Will Rogers Memorial Center ("WRMC"). FWSSR is the WRMC's longest -tenured client, generating millions of dollars in revenue and economic impact for the community. The waiver of the 2021 rental fee acknowledges this long standing relationship as well as the fact that their cancellation furthers the City's public health initiatives to prevent the spread of the COVID-19 Virus. The M&C will request that the City Council approve an amendment to the contract with FWSSR that will allow for the waiver of the rental fee described above as well as add a new provision to the Agreement related to potential Force Majeure events that may present themselves in the future. If you have any questions please contact Mike Crum, Public Events Director at 817-392-2501. David Cooke City Manager ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS