Music CommissionOct. 19, 2020

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$12M Creative Space Bond Updates 10/19/2020 MUSIC COMMISSION MEETING 1 Procurement Process – Anticipated Timeline Operator Procurement Process Prepare RFI Operators Respond to RFI Prepare Operator RFQ Operators Respond Evaluate to RFQ Quals Delivery Partner* Procurement Process Property Solicitation Process Prepare Operator RFP Operators Respond to RFP Evaluate Proposals / Interviews Award Management Services Agreement with Negotiate/Execute Qualified Operator Prepare Delivery Delivery Partners Respond to Partner RFP RFP Evaluate Proposals City Manages Design & Build Process RFI Response Review/Site Criteria Gather Facility Requirements Broker Solicitation Top 3 sites shared w/ Operators Broker Negotiates Price City Approves Contending Properties City and Bidder Access to Site City Site Due Diligence City Purchases 30-day Option on Top Site City PSA Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Month 13 Music Commission * October 19, 2020 2 Libraries, Museums and Cultural Facilities Continuum along public vs. economic development use (Illustrative) Public (ex. Library)  Clear public purpose  Public ownership  No profit (recoup costs)  Open public access Economic Development  Private benefit  Private ownership   For profit (above costs) Limited access Zach Scott AFS Mexic-Arte Music Commission * October 19, 2020 3 Current Status/Next Steps Current Status: • RFI closed 9/21/20 • RFI information will inform both of the real estate search and the qualified operator search • City will update Q&A to Speak Up Austin site: https://www.speakupaustin.org/bond-for-creative-space Next Steps: • Briefing at next Arts Commission on Anti-Lobbying and No Contact Ordinance • Issuance of Facility Operator Request for qualifications end of October / early November Music Commission * October 19, 2020 4 For more information visit: www.speakupaustin.org/bond-for-creative-space Christine Maguire, AICP, EDFP Redevelopment Division Manager Christine.Maguire@austintexas.gov Matthew Schmidt Project Manager II Matthew.Schmidt@austintexas.gov Music Commission * October 19, 2020 5