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07.01 Orange International Street Fair1. SUBJECT First Amendment to Agreement No. 1071.I with the Orange International Street Fair, Inc. for production of the annual Orange International Street Fair. 2. SUMMARY This Amendment extends original Agreement No. 1071.I, executed on March 11, 2014, with Orange International Street Fair, Inc. (OISF) for the production of the Orange International Street Fair (Street Fair) for one year beginning January 1, 2018 through December 31, 2018. 3. RECOMMENDED ACTION Authorize the Mayor and City Clerk to execute the First Amendment to Agreement No. 1071.I on behalf of the City for one year beginning January 1, 2018 through December 31, 2018. 4. FISCAL IMPACT OISF is responsible for paying all City costs for production of the Street Fair at the actual compensation rate as detailed in original Agreement No. 1071.I. 5. STRATEGIC PLAN GOAL(S) 3: Enhance and promote quality of life in the community. e: Develop and strengthen collaborative partnerships to enhance and promote quality of life programs, projects, and services. 6. GENERAL PLAN IMPLEMENTATION ::1 Land Use Element Goal 5.0: Maintain and enhance the vibrant, transit - accessible, pedestrian - friendly, and livable character of Old Towne's neighborhoods and commercial core. Economic Development Element Goal 2.0: Cultivate a business environment that is conducive and appealing to the commercial and retail, industry, including smaller entrepreneurs. Policy 2.a: Encourage public - private partnerships that will support business and employment growth. 7. DISCUSSION and BACKGROUND The Street Fair is an annual event produced by the OISF, an independent corporation, that is held in The Plaza area over the Labor Day weekend. Since its inception, the Street Fair draws hundreds of thousands of visitors to the City of Orange (City) over the three -day event. The production of this event is governed by an agreement between the City and the OISF. The most recent agreement, No. 1071.I, was approved by the City Council on March 11, 2014 for a four - year term, beginning January 1, 2014 and ending December 31, 2017. As outlined in the agreement, OISF reimburses the City for staff time, equipment, and any other costs incurred by the City for production of the event. In 2017, the City was reimbursed approximately $200,000 by OISF for costs assumed by the City for the event. In early 2018, OISF approached the City to begin negotiations for a new contract term. After initial discussions between OISF and city staff, OISF indicated their intent to pursue only a one - year extension to Agreement No. 1071.I to allow time for OISF to plan the 2018 Street Fair and provide both sides sufficient time to prepare and negotiate a new agreement. The extension of Agreement No. 1071.I will be for one year, beginning January 1, 2018 and expiring on December 31, 2018. All other terms in Agreement No. 1071.I will remain in place. The extension will encompass the planning, execution, and reimbursement of the Street Fair production. 8. ATTACHMENTS First Amendment to Agreement No. 1071.I Letter from OISF requesting a one -year extension of Agreement No. 1071.I ITEM 2 6/12/18