HomeMy WebLinkAboutIR 24-1893INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 24-1893
To the Mayor and Members of the City Council September 10, 2024
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SUBJECT: FORT WORTH CONVENTION AND VISITORS BUREAU D/B/A
1875 rn VISIT FORT WORTH PROFESSIONAL SERVICES AGREEMENT
AMENDMENT
The purpose of this Informal Report is to provide an update on a proposed amendment to the Professional
Services Agreement between the City of Fort Worth and Visit Fort Worth.
In April of 2023, Mayor and Council Communication (M&C 23-0330), the City Council authorized execution
of a Professional Services Agreement (Agreement), City Secretary Contract No. 59692, with the Fort Worth
Convention and Visitors Bureau d/b/a Visit Fort Worth (CVB), in the amount of $16,650,908.00 for Fiscal
Year (FY) 2023, to promote Fort Worth for a term of five years with two one-year renewal options.
Under the Agreement, the CVB maintains a Motion Picture, Film and Television Marketing Fund (FMF). The
purpose of the fund is the promotion and marketing of the City to the motion picture, film, and television
industry to raise national awareness of the City. Upon the execution of the agreement, the City was expected
to make an allocation to the fund of up to $150,000.00 in FY 2023. Any unused FMF was due to carry over
to the following fiscal year for the same purpose. The allocation of up to $150,000.00 was delivered to the
CVB in Fiscal Year 2023, and per the Contract, funding for subsequent fiscal years would be approved
annually based on available funds to support the FMF. In order to support ongoing film initiatives, Visit Fort
Worth has requested an additional $150,000 for FY 2024.
On March 21, 2023, the City Council established and adopted a policy for the Economic Development
Initiatives Fund (EDIF) (Resolution 5721-03-2023) which anticipated the use of certain EDIF funds in support
of the attraction, promotion, or support of the motion picture, film, and television industry and related projects
or programs (the use of EDIF funds for such purposes were further identified within a supplemental
resolution guiding the utilization of EDIF funds through FY 2028, Resolution 583-12-2023). In support of the
Visit Fort Worth and the FMF fund, staff recommends that the current Agreement be amended to allow for
the transfer of $150,000.00 from the EDIF to the Culture & Tourism Fund to be allocated to the Visit Fort
Worth FMF based on the agreement described in M&C 23-0330 passed on April 25,2023.
Any future proposals for use of the EDIF to support these efforts in future years will be presented separately
Funding is available in the EDIF for the purpose of transferring to the Culture & Tourism Fund to execute
the amendment to the agreement.
If you have any questions concerning this information, please contact Robert Sturns, Economic
Development Director at 817-392-2663 or robert.sturns@fortworthtexas.gov.
David Cooke
City Manager
ISSUED BY THE CITY MANAGER
FORT WORTH, TEXAS