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Item 4C - MemoM E M O R A N D U M August 2, 2022 To: Shana Yelverton, City Manager From: Daniel Cortez, Director of Economic Development & Tourism Subject: Approve a contract renewal with Marquee Event Group, Inc., for Indoor and Outdoor Event Equipment Rental and Related Services. Action Requested: Approve a contract renewal with Marquee Event Group, Inc., for Indoor and Outdoor Event Equipment Rental and Related Services. in an amount not to exceed $60,000. Background Information: The City has contracted with Marquee Event Group (formerly M&M Rental Acquisition) since 2016 for indoor and outdoor event equipment rental and related services. They have provided the City with rentals for staging, chairs, tables, and tents for the variety of events the City hosts including outdoor rentals for events at Legends Hall, such as weddings. The following is a listing of events Marquee provides services for: •Stars & Stripes Southlake •Home for the Holidays: Christmastime in Southlake Tree Lighting •Celebrate Southlake •Creativity Festival •Outdoor weddings & events (Legends Hall – The Marq) •Other small outdoor events and receptions hosted by the City The purpose of this item is to seek City Council approval of a contract renewal with Marquee Event Group, Inc. This is the first renewal for this contract. The vendor is seeking a one percent (1%) increase to contract rates as allowed during the renewal process. Funding for this contract is provided through the General Fund, Hotel Occupancy Tax, and the Community Enhancement & Development Corporation in an amount that will not exceed $60,000. To date in FY 2022, the City has spent $42,438 in rentals with Marquee Event Group for the various festivals, events, and receptions held. Due to the one percent increase in the contract, and the growing size and number of events the City hosts, City staff is requesting an amount that will not exceed $60,000 for this contract period, which would begin on August 18, 2022, and end on August 17, 2023. Funding for this contract would come from the General Fund, Hotel Occupancy Tax, and Community Enhancement and Development Corporation as needed throughout the year for events. The City selected Marquee Event Group in 2021 (their second contract with the City) based on their ability to provide the services requested, low bid price, and their experience with City staff. For these reasons, the City is seeking Council Item 4C approval for a contract renewal with Marquee Event Group, Inc. in an amount not to exceed $60,000. Financial Considerations: Funding for indoor and outdoor event equipment rental including but not limited to chairs, tables, tents, staging, and lighting for City events in the amount of $60,000. Each City department has budgeted funds for their respective use of Marquee services and is proposed in the upcoming FY 2023 budget and within the existing approved FY 2022 budget. Strategic Link: This item is linked to the City’s Strategy Map related to the focus area of Performance Management & Service Delivery and meets the corporate objectives to provide attractive & unique spaces for the enjoyment of personal interests, enhance resident quality of life and business vitality through tourism, collaborate with select partners to implement service solutions and providing and maintaining high-quality public assets. Legal Review: The City Attorney has reviewed the City’s contract with Marquee Event Group. Alternatives: The City Council may alternatively also consider the following: • Approve the contract renewal with modifications • Deny the contract renewal Staff Recommendation: Approve the contract renewal agreement for indoor and outdoor event equipment rental including but not limited to chairs, tables, tents, staging, and lighting with Marquee Event Group, Inc. for an amount not to exceed $60,000. Attachments: Contract with Marquee Event Group, Inc. Staff Contacts: Daniel Cortez (817) 748-8039