EDA Meeting Date: November 24, 2025
To: Members of the Economic Development Authority
From: Emery John, Community Development Program Associate
Title
Riverwalk Market Fair Contract Review - FY 2026 - 2028
Body
Action Requested:
The EDA Board shall review and make a motion regarding the proposed contract with Riverwalk Market Fair.
Summary Report:
The current contract with Riverwalk Market Fair (RMF) expires on December 31, 2025. The Riverwalk Market Fair presented to the EDA Board on April 28, 2025 requesting an amendment to the current contract. The Board approved the funding request by amending the contract fee levels to $45,000. This contract also eliminates the $5,000 matching structure to streamline both parties processes.
The contract totals are here, and can be found on page 1, Exhibit 1 of the 2026-2028 contract.
2026 Fees: $45,000
2027 fees: $45,000
2028 Fees: $45,000
Economic development staff and RMF leadership have negotiated new terms for a three-year contract for services starting in 2026. Staff will present the general framework of the contract during the meeting.
RMF leadership will be in attendance to answer questions regarding the structure of the new contract.
Alternative Options:
The EDA Board has the option to direct staff to change the contract, if necessary.
Financial Impacts:
$45,000 annually
Tentative Timelines:
January 1, 2026 - Contract initiated
April 2026 - Spring Report
October 2026 - Fall Report
April 2027 - Spring Report
October 2027 - Fall Report
April 2028 - Spring Report
October 2028 - Fall Report
December 31, 2028 - Contract expires