On November 12, 2014, City Council passed Resolution No. 2014-44, authorizing the creation of Houston Civic Events, Inc. (the “Corporation”), a local government corporation to, in part, manage, solicit, invest, and oversee the investment of solicited funds, gifts, donations and bequests for the use and benefit of the City in sponsoring special events and civic celebrations.
On Tuesday, February 24, 2015, the Corporation’s Board unanimously approved an interlocal local agreement (“ILA”) between the City of Houston and the Corporation. On April 15, 2015, Houston City Council unanimously approved Ordinance No. 2015-346, authorizing an ILA between the City of Houston and the Corporation. The current ILA contains a 10-year term and memorializes the terms and conditions of the disbursements the City distributes to the Corporation for special events specified by the City.
It is now recommended that City Council approve the Amended and Restated Interlocal Agreement, which conforms the ILA to similar agreements between the City and other local government corporations created by the City.