Metro Parks Tacoma Board Meeting Agenda January 23, 2023
Tacoma Parks Foundation 2023 Operating Agreement to Be Negotiated
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Description
Metro Parks Tacoma authorized negotiation of a 2023 operating agreement with the Tacoma Parks Foundation featuring a $444,874 payment for development services and a commitment to return at least 1.5 times that value in support. The Foundation will also fund Eastside Community Center lease, operations, and programming through NMTC and endowment distributions.
Contract Details
Contract Amount
Metro Parks payment $444,874 in 2023; additional distributions of approximately $236,000 NMTC lease/operations and $189,000–$211,000 programming endowment
Vendor
TACOMA PARKS FOUNDATION
Agency
Tacoma Metropolitan Park District, WA
Contract Type
OTHER
Document Date
January 23, 2023
Contract Term
January 1, 2023 – December 31, 2023
Renewal Date
2023-12-31
Renewal Info
New one-year operating agreement following prior agreements that expired December 31, 2022; terms anticipate flexibility for adjustments during dynamic conditions.
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