HomeMy WebLinkAbout321-20 RESOLUTION FPYE j�
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113 West Mountain Street
Fayetteville,AR 72701
(479)575-8323
Resolution: 321-20
File Number: 2020-1046
RANDOM PRODUCTIONS,LLC:
A RESOLUTION TO AUTHORIZE PAYMENT TO RANDOM PRODUCTIONS,LLC IN THE
AMOUNT OF$500,000.00 FOR THE PRODUCTION OF TRUE DETECTIVE SEASON
THREE IN FAYETTEVILLE,AND TO APPROVE A BUDGET ADJUSTMENT
WHEREAS,on October 3,2017,the City Council passed Resolution 211-17 expressing the City's
intent to participate in funding for a network episodic television series that would be filmed in
Fayetteville;and
WHEREAS,state and local incentives were contingent upon Random Productions,LLC(Home Box
Office)meeting certain spending thresholds which both the Arkansas Film Commission and the City's
Economic Vitality Director confirmed were exceeded by the project.
NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE,ARKANSAS:
Section 1:That the City Council of the City of Fayetteville,Arkansas hereby authorizes payment to
Random Productions,LLC in the amount of$500,000.00 for the production of True Detective in
Fayetteville.
Section 2: That the City Council of the City of Fayetteville,Arkansas hereby approves a budget
adjustment,a copy of which is attached to this Resolution.
PASSED and APPROVED on 12/15/2020
Page 1 Printed on 12/17/20
Resolution: 321-20
File Number; 2020-1046
Approved: Attest: „NN`�,RK R��i,�
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✓`--� QICA_ 0)4 = FAYE1TEVILLE
L Held Jorda . M or Kara Paxton. City Clerk Treasure ,,,. ,9 •.
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Page 2 Printed on 12/17/20
4AI
F rCity of Fayetteville, Arkansas 113West Mountain Street
z A', Fayetteville,AR 72701
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(479)575-8323
/1 Text File
'RKA$S'S File Number: 2020-1046
Agenda Date: 12/15/2020 Version: 1 Status: Passed
In Control: City Council Meeting File Type: Resolution
Agenda Number: C.2
RANDOM PRODUCTIONS,LLC:
A RESOLUTION TO AUTHORIZE PAYMENT TO RANDOM PRODUCTIONS, LLC IN THE
AMOUNT OF$500,000.00 FOR THE PRODUCTION OF TRUE DETECTIVE SEASON THREE IN
FAYETTEVILLE,AND TO APPROVE A BUDGET ADJUSTMENT
WHEREAS,on October 3,2017,the City Council passed Resolution 211-17 expressing the City's intent to
participate in funding for a network episodic television series that would be filmed in Fayetteville;and
WHEREAS,state and local incentives were contingent upon Random Productions,LLC(Home Box Office)
meeting certain spending thresholds which both the Arkansas Film Commission and the City's Economic
Vitality Director confirmed were exceeded by the project.
NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE,ARKANSAS:
Section 1:That the City Council of the City of Fayetteville,Arkansas hereby authorizes payment to Random
Productions, LLC in the amount of$500,000.00 for the production of True Detective in Fayetteville.
Section 2: That the City Council of the City of Fayetteville,Arkansas hereby approves a budget adjustment,a
copy of which is attached to this Resolution.
City of Fayetteville,Arkansas Page 1 Printed on 12/16/2020
City of Fayetteville Staff Review Form
2020-1046
Legistar File ID
12/15/2020
City Council Meeting Date-Agenda Item Only
N/A for Non-Agenda Item
Devin Howland 11/23/2020 ECONOMIC DEVELOPMENT(050)
Submitted By Submitted Date Division/ Department
Action Recommendation:
A RESOLUTION TO AUTHORIZE THE REMITTANCE OF $500,000 TO RANDOM PRODUCTIONS LLC FOR THE
PRODUCTION OF TRUE DETECTIVE SEASON THREE IN FAYETTEVILLE AND TO APPROVE A BUDGET ADJUSTMENT.
Budget Impact:
1010.090.6600-5315.00 1010-General Fund
Account Number Fund
20021 Economic Development(True Detective Series)
Project Number Project Title
Budgeted Item? No Current Budget $ -
Funds Obligated $ -
Current Balance $ -
Does item have a cost? Yes Item Cost $ 500,000.00
Budget Adjustment Attached? Yes Budget Adjustment $ 500,000.00
Remaining Budget $ -
V20180321
Purchase Order Number: Previous Ordinance or Resolution#
Change Order Number:g Approval Date:
Original Contract Number:
Comments:
CITY OF
FAYETTEVILLE CITY COUNCIL MEMO
ARKANSAS
MEETING OF DECEMBER 15, 2020
TO: Mayor and City Council
THRU: Susan Norton, Chief of Staff
FROM: Devin Howland, Director of Economic Vitality
DATE: November 23, 2020
SUBJECT: A Resolution Authorizingthe Remittance of$500 000 to Home Box Office to
,
produce True Detective Season Three in Fayetteville and to approve a budget adjustment
Y pp 9 J
RECOMMENDATION:
Staff is recommending approval of a resolution authorizing the remittance of$500,000 to Home
Box Office for the production of True Detective Season Three in Fayetteville.
BACKGROUND:
On Oct. 3, 2017 the Fayetteville City Council passed Resolution 211-17 (attached), expressing
its intent to participate in funding for a network episodic television series which would be filmed
in Fayetteville. Shortly after passage of the resolution, it was announced the production was the
award-winning HBO series True Detective.
This project highlighted the economic engine behind the creative economy, showcased the best
of national and local talent and infused tens of millions of dollars into our City's economy. True
Detective Season Three is the largest film production in Arkansas's history; the economic
impact and ancillary benefits of this production demonstrates the importance of the creative
economy as an economic driver in Fayetteville.
DISCUSSION:
Because the City of Fayetteville was a funding partner in this project, the Arkansas Film
Commission gave the City's Department of Economic Vitality staff access to the project's
performance report and the production's expenditure schedules. These reports are protected by
Arkansas law and are not available for public review. However, staff was given access to
confirm expenditures in the community as justification for the remittance of the incentive. City
staff spent several days with the reports, which included more than 92,000 lines of data. The
information in the following sections was confirmed by City staff, who have validated through
internal calculations and attest to the accuracy of the information.
Mailing Address:
113 W. Mountain Street www.fayetteville-ar.gov
Fayetteville, AR 72701
PRIVATE SECTOR BENEFITS:
Employment Opportunities and Payroll:
Within Resolution 211-17, staff estimated more than 200 members within the production. While
the static crew was nearly fifty percent more than estimated, more than 1,895 Arkansas
residents participated within the cast and crew (receiving payment), greatly exceeding staff's
original estimation. Local creative economy professionals also contributed to the series,
highlighting the talent available in Fayetteville for future productions.
The quality of talent was noted during a media event on Aug. 17, 2018 by the series creator and
writer Nic Pizzolatto, Executive Producer Scott Stephens and lead actor Mahershala Ali. The
interviews can be viewed on KNWA's YouTube page.
While specifics of payroll cannot be disclosed, staff can attest that the project met and exceeded
payroll estimations of$37.6M projected in Resolution 211-17.
PUBLIC SECTOR BENEFITS:
Direct Economic Impact via Tax Revenue received by the City of Fayetteville:
While production schedules cannot be disclosed, staff did have the opportunity to review the
entirety of the schedules which included more than 92,000 lines of spending data. Economic
Vitality staff reviewed this information and can confirm its accuracy. On Oct. 3, 2017, City staff
estimated direct tax revenue to be $709,000. During the meeting, staff derived these
estimations from the following categories:
• Direct expenditures such as materials, costumes and equipment
• Lodging, restaurants and per diem allotments
• Fuel Purchases
Staff's review of expenditures did not calculate the following areas due to the inability to
distinguish the zip codes where the sale was made:
• Airline tickets
• Rental cars
Staff found that direct tax impact to the City of Fayetteville exceeded its estimate of$709,000.
Residual Spending (not tracked) and Induced and Indirect Impact via Tax Review
received by the City of Fayetteville:
One item which cannot be observed through production schedules or within the AEDC
Performance Report is that of induced and indirect economic impact from the production, as
well as residual spending by the crew not tracked within the schedules. The inability to review or
track induced and indirect impact is the reason economic modeling is conducted by trained
economist.
2
What is induced and indirect impact? According to The University of Alabama, "The indirect
impact includes local industries buying goods from other local industries. The cycle of spending
works its way backward through the supply chain..." Induced economic impact is defined by the
University of Alabama as "The response by an economy to an initial change (direct effect) that
occurs through re-spending of income received by a component of value added." Examples of
the types of spending covered in induced and indirect impact are:
• Expenditures from tourism stemming from the production
• Expenditures between businesses stemming from production activity
• Expenditures from the production not tracked in production schedules such as:
o Grocery shopping
o Eating and drinking out
o Shopping for health and wellness items
o Entertainment expenditures and recreation
In 2017, the Film Commission provided the City of Fayetteville with an Economic Research
Associates (ERA)-Arkansas Film Economic Impact Study (conducted by the Arkansas Institute
for Economic Advancement). The results of the model which was conducted in 2017 are show
in the table below:
ITEM FIGURE
Total Budget $69,851,849
Additional Spending $64,263,701
P 9
Earning's Direct Spending $15,367,407
Induced/Indirect $26,543,703
Additional Sales Tax $1,676,444
Total Spend+Impact $177,703,104
FTE Jobs 985
FTE Wage Average $34.00
Using the same basis from 2017 and having reviewed the entirety of the production reports and
AEDC performance report, staff confirms an estimated $26,500,000 in induced and indirect
spending in the economy as a result of this production. Maintaining the same conservative
position staff took in 2017, staff is only assuming 1/4th was spent in Fayetteville, roughly $6.6M
in additional expenditures for tax revenue of$200,000 for this item alone. When combined with
tax revenue from direct expenditures discussed in the previous section, this brings confirmed
tax revenue close to approaching $1M, as an extremely conservative metric.
Promotion and awareness of Fayetteville for Tourism and future Film Projects:
Y J
The City of Fayetteville enjoyed a wide array of media coverage from outlets across the nation
when it became the backdrop for the third season of True Detective. On Oct. 3, 2017, Arkansas
Film Commissioner Chris Crane told the City Council that Fayetteville and Northwest Arkansas
would be characters in the series and shown in a positive light. This was most certainly the case
as the series highlighted some of the most cherished locations in Fayetteville and throughout
the region. Staff sees great value in not only the many references to Fayetteville within the
3
series, but also the positive references made during post-production interviews with producers
and actors, including lead actor Mahershala Ali. Department of Economic Vitality staff have met
with subsequent productions filmed in Fayetteville and the region after True Detective
concluded. One of the production companies explained that they became aware of the region as
an opportunity to film following HBO's success filming here.
Establishing infrastructure for the future:
Fayetteville quickly had to establish a permit and review process to accommodate the
production to accommodate the dozens of filming locations across the City. The Fayetteville
Film Permit process was established to provide timely review and expedited assistance to this
and future productions, large or small. The permit process requires robust communication,
something staff noticed HBO excelled at when it filmed in an area. The Film Permit has gone on
to be used by local professional filming companies, commercial producers and even High
School students making productions for their courses.
ANCILLARY BENEFITS:
Supporting local and giving back:
One of the highlights of the production was its intentionality toward supporting local Fayetteville
businesses and non-profits. In addition to the production's daily support of local restaurants,
many of the set, props and wardrobe came from Fayetteville small businesses as well. Nine
tractor-trailer loads of purchased material was donated back to thrift stores such as the
Salvation Army on 1645 S. West Ave. The Salvation Army went on to sell these items to
residents who wanted to retain a piece of the production.
Retaining talent:
While most of the production's workforce were Arkansas and Northwest Arkansas residents
(1,895 including extras and stand ins), many production professionals who traveled here from
out of state made the decision to stay here permanently. These new residents contribute to
Fayetteville's skilled creative workforce, making it even more attractive to future productions.
True Detective also provided an opportunity for creative professionals and artists to have their
work shown on a global stage. Arkansas Film Commissioner Chris Crane has commented that
this project was also about Arkansas exporting content, not just content developers. And as we
look to the future of economic vitality, the rise of digital content production and future film
projects should be an integral part of Fayetteville's strategy to continue growing and leveraging
its robust creative economy.
With the passage of 211-17, the Fayetteville City Council believed such an investment would
pay off in ways beyond direct economic impact and demonstrate that Fayetteville can host large
scale productions of this caliber in the future. The City was fortunate to have one of the world's
foremost production companies operating within it for nearly a year. Its benefits have continued,
and subsequent productions have followed.
4
BUDGET/STAFF IMPACT:
$500,000 from reserves will be used to remit the payment.
Attachments:
Resolution 211-17
Letter of Support from the Fayetteville Chamber of Commerce
5
c & E ;1
ffi
113 West Mountain Street
Fayetteville,AR 72701
(479)575-8323
Resolution: 211-17
File Number: 2017-0525
NETWORK EPISODIC TELEVISION SERIES:
A RESOLUTION TO EXPRESS THE CITY COUNCIL'S INTENT TO PARTICIPATE IN FUNDING
FOR A NETWORK EPISODIC TELEVISION SERIES BEING FILMED IN FAYETTEVILLE IN AN
AMOUNT NOT TO EXCEED $500,000.00 OVER A TWO-YEAR PERIOD
WHEREAS, the City of Fayetteville has been presented with an opportunity to participate in funding a
network episodic television series to be filmed in Fayetteville; and
WHEREAS, a series of this size and caliber would have a very positive impact on the City of
Fayetteville, our local business and the local economy; and
WHEREAS, the project has the support of the Arkansas Economic Development Commission, Governor
Asa Hutchinson, the Fayetteville Chamber of Commerce, and the Fayetteville Convention & Visitors
Bureau.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby expresses its intent to
participate in funding for a network episodic television series being filmed in Fayetteville in an amount
not to exceed$500,000.00 over a two-year period.
PASSED and APPROVED on 10/3/2017
Page 1 Printed on 10/4/17
Resolution: 211-17
File Number. 2017-0525
Approved: Attest:
� - L &. j/ .
Lioneld Jor•A •r Sondra E. Smith,City Clerk Treasurer
0‘111 Moo
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Page 2 Printed on 1014H7
City of Fayetteville, Arkansas 113 West Mountain Street
Fayetteville,AR 72701
(479)575-8323
': ' ,/ Text File
File Number: 2017-0525
Agenda Date: 10/3/2017 Version: 1 Status: Passed
In Control:City Council Meeting File Type: Resolution
Agenda Number: C. 5
NETWORK EPISODIC TELEVISION SERIES:
A RESOLUTION TO EXPRESS THE CITY COUNCIL'S INTENT TO PARTICIPATE IN FUNDING
FOR A NETWORK EPISODIC TELEVISION SERIES BEING FILMED IN FAYETTEVILLE IN AN
AMOUNT NOT TO EXCEED$500,000.00 OVER A TWO-YEAR PERIOD
WHEREAS, the City of Fayetteville has been presented with an opportunity to participate in funding a
network episodic television series to be filmed in Fayetteville;and
WHEREAS, a series of this size and caliber would have a very positive impact on the City of Fayetteville, our
local business and the local economy;and
WHEREAS, the project has the support of the Arkansas Economic Development Commission, Governor Asa
Hutchinson,the Fayetteville Chamber of Commerce,and the Fayetteville Convention&Visitors Bureau.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,ARKANSAS:
Section I: That the City Council of the City of Fayetteville, Arkansas hereby expresses its intent to participate
in funding for a network episodic television series being filmed in Fayetteville in an amount not to exceed
$500,000.00 over a two-year period.
City of Fayetteville,Arkansas Page 1 Printed on 10/4/2017
City of Fayetteville Staff Review Form
2017-0525
Legistar File ID
10/3/2017
City Council Meeting Date-Agenda Item Only
N/A for Non-Agenda Item
Devin Howland 9/15/2017 ECONOMIC DEVELOPMENT(050)
Submitted By Submitted Date Division/Department
Action Recommendation:
APPROVAL OF A RESOLUTION OF INTENT TO PARTICIPATE IN FUNDING FOR A NETWORK EPISODIC TELEVISION
SERIES BEING FILMED IN FAYETTEVILLE FOR AN AMOUNT NOT TO EXCEED 00 00OVER A TWOYEARPE
RIOD.
0
Budget Impact:
Account Number Fund
Project Number Project Title
Budgeted Item? No Current Budget $ -
Funds Obligated $ -
Current Balance i $ -
Does item have a cost? NA Item Cost
Budget Adjustment Attached? No Budget Adjustment
Remaining Budget j $
V20140710
Previous Ordinance or Resolution if
Original Contract Number: Approval Date:
Comments:
CITY OF
FAYETTEVILLE CITY COUNCIL MEMO
tipARKANSAS
MEETING OF OCTOBER 3, 2017
TO: Mayor and City Council
THRU: Don Marr, Chief of Staff
FROM: Devin Howland, Director of Economic Vitality
DATE: September 15, 2017
SUBJECT: Network Episodic Television Series (Eight Episodes) funding for
production in Fayetteville
RECOMMENDATION:
City Staff is recommending the approval of a resolution of intent to participate in funding for a
Network Episodic Television series in Fayetteville Arkansas not to exceed $500,000-with
2 beingspent in 2017 and $250,000beingin$ 50,000 spent 2018.
BACKGROUND:
The Fayetteville Chamber of Commerce and the Arkansas Film Commission within the
Arkansas Economic Development Commission contacted the City of Fayetteville in July of 2017
regarding a potential Network Episodic Television series being filmed in Fayetteville Arkansas..
Arkansas is currently in a competition with another state for the project. This resolution of intent
will serve as a piece of the total incentive package being developed by the Arkansas Economic
Development Commission. This project has the support of Governor Asa Hutchinson, the
Arkansas Economic Development Commission, the Fayetteville Chamber of Commerce and the
Convention and Visitors Bureau.
DISCUSSION:
A film series of this size and caliber will have a very positive economic impact on the City of
Fayetteville, our local businesses and our economy. There are both economic and ancillary
benefits to this project. On the economic side, film incentives create both short-run and long-run
economic and fiscal benefits that include increased tourism, development of film industry
infrastructure such as studios and service providers, and attraction of production activities. The
benefits also transcend both the public and private sectors:
• Private Sector Benefits:
o Additional jobs in the City of Fayetteville
o Increased payroll in the community
o Increased spending in our retail, service, accommodation, and lodging
establishments
• Public Sector Benefits:
o Promotion of the City of Fayetteville
Mailing Address:
113 W. Mountain Street www.fayetteville-ar.gov
Fayetteville, AR 72701
o Increased sales and HMR tax revenue
o Quality jobs for Fayetteville residents
o Unique educational opportunity for students interested in film
The Arkansas Economic Development Commission commissioned studies on the economic
impact of film projects, the study was conducted by the Institute for Economic Advancement.
The study found that for each dollar spent in the industry, there is an additional $0.91 generated
elsewhere in the state economy through output impact. These output impacts will create a
multiplier effect in the City of Fayetteville economy. Using this study, AEDC has calculated a
total economic impact of$177,703,104.
This series production has a total budget of$70,000,000 and will take place over a nine-month
period. The entire production crew totals over 236 people with a total payroll of$37,676,319.
The entire production crew will be lodging and spending their income in our local businesses.
Over 100 jobs will be filled locally, these jobs offer extremely high wages for a nine-month
period. Many of these jobs will be filled by Fayetteville residents who will not only receive quality
compensation, but the experience of a lifetime.
Fayetteville's businesses will also benefit greatly from this project, with an estimated amount of
$19,847,938 being spent locally on materials. This total does not include production crew
expenditures for lodging, meals, services, and retail shopping.
Lastly, the City of Fayetteville will be showcased in a beautiful light-bringing global attention to
our community. The Mayor's office is excited about the opportunity welcome this network
episodic television series to our community as well as the economic benefits of the series being
filmed in Fayetteville. Staff believes this type of project will bring global awareness to our
community, and increase sales and HMR tax revenue and have a very positive impact on our
economy.
BUDGET/STAFF IMPACT:
$250,000 will be deducted from reserves in 2017 and $250,000 will be deducted from reserves
in 2018.
Attachments:
Exhibit A: Economic Impact Model Results
2
ERA Model Results: Network Episodic Television Series
Budget $69,851,849
Additional Spending $64,263,701
Earnings Direct Spending $15,367,407
Induced/Indirect $26,543,703
Additional Sales Tax $1,676,444
Total Spend+Impact $177,703,104
FTE Jobs 985
FTE Wage Average ($/hr) $34.00
Economic Research Associates-Arkansas Film Economic Impact Study
Based on the impacts in output, earnings and employment in the motion picture and video
production industries, the following implications and conclusions may be drawn:
• Output Impact:
The total impacts for the State of Arkansas are about$1.9 million based on
the estimated expenditures of$1 million. For each $1 dollar spent in the industry, there is an
additional $0.91 created elsewhere in the State economy through induced and indirect impacts.
This compares to a national figure of$1.58 of output for sector as a whole. This indicates that
Arkansas is able to capture approximately 67 percent of the total economic activity associated
with film expenditures based on the existing industrial structure of the state. Note that this
leakage would not impact any proposed incentive program that focuses on in state spending.
Any economic development program would focus on the direct in-state expenditures and would
not offer advantages for out-of-state expenditures. This percentage capture can be expected to
grow over time as the industry develops in the state and as more firms and productions are able
to take advantage of any Arkansas expenditure incentives for motion picture production.
• Earnings Impact:
In the State of Arkansas, $1 million in expenditures generates $224,000 in
earnings direct spending. This in turn generates an additional $380,000 in induced and indirect
impacts, or about $0.38 for every $1 spent in the area.
• Employment Impact:
Every $1 million spent on the motion picture and video productions
industries generates about 14.1 FTE jobs in the state. The average annual wage for workers in
the State of Arkansas in this industry ranges between $27,000 to $45,000 annually depending
on the position.
• Sales Tax Impact:
Based on the intermediate inputs that are subject to sales and use tax in
the state of Arkansas, every $1 spent generates approximately $.024 in sales tax. This means
that every$1 million spent in the industry would therefore generate roughly $24,000 in sales tax.
Illustrative Impact on a Sample Budget:
To summarize the above, an independent feature film with a budget of$5 million that shot
entirely in Arkansas would generate approximately $4.6 million in additional spending (output)
elsewhere in the state, approximately $1.1 million in earnings direct spending, which in turn
would generate an additional $1.9 million in induced and indirect impacts, generate 70.5 FTE
jobs, and an additional $120,000 in sales tax.
Conclusion from Ernst and Young's most recent report: Evaluating the Effectiveness of
State Film Tax
Credit Programs:
"Film credit studies have shown that film credit programs have generated significant private
sector benefits including thousands of jobs on productions, increased tourism activity,
investment in industry infrastructure and the retention of existing production activity. Whether
the costs of the programs are justified by these economic benefits must be answered by
comparing the benefit-cost ratios of film credit programs with those achieved by other economic
development programs. Although economic development programs generally have long-term
goals, many analyses of film credit programs evaluate the credits from a short-run perspective,
asserting that the credits must generate tax revenue equal to the cost of the program on an
annual basis. While several of the most comprehensive film credit studies show that the credit
costs of film credit programs may be fully offset by additional state and local taxes from
expanded economic activity, film credits that do not meet this test may still provide relatively
high benefit-cost ratios compared to other economic development programs."
Page 18, January 2017
ci-IAMBEr
F A Y E T T E V I L L c
November 23, 2020
Mayor Lioneld Jordan
Fayetteville City Council
113 W. Mountain St.
Fayetteville,AR 72701
Dear Mayor Jordan and Council Aldermen,
The Fayetteville Chamber of Commerce and the Arkansas Film Commission worked to present the City of
Fayetteville the opportunity to provide incentives the Home Box Office (HBO)for the filming of a Network
Episodic Television series, True Detective. This project was supported by the Arkansas Economic
Development Commission,Governor Asa Hutchinson,the Convention and Visitors Bureau and ultimately
the City of Fayetteville. In October of 2017,the City Council approved a resolution to participate and fund
up to a$500,000 incentive for this project. The project was completed in Fayetteville per the resolution.
Given that this project was completed, and an audit has been completed by the City's Department of
Economic Vitality, I strongly recommend supporting the remittance of$500,000 to HBO.
Listed below are just a few highlights of our return on investment:
• 1,895 Arkansas residents participated and were paid during this project
• Meet or exceeded 37.6M expectation set out in the original agreement
• In excess of$709,000 in local sales tax was generated
• The City itself did receive positive and national notoriety from this project
This project supports the City's economic development goals as outlined in our contract. This project
positively impacted and promoted the City of Fayetteville's public image. The estimated $70M spend by
HBO generated an estimated $20 to 30M spend in Arkansas, a significant portion of which was in
Fayetteville. Many local residents were paid as a part of this project and local students were able to get
hands on experience in the Film Industry.
Thank yo for your consideration,
ta,4
Steve Clark
President and Chief Exectutive Officer
Fayetteville Chamber of Commerce
21 W. Mountain St.,Ste. 300 72701
•
Fayettevillear.com
City of Fayetteville, Arkansas - iget Adjustment Form (Legistar)
Budget Year Division Adjustment Number
ECONOMIC DEVELOPMENT (050)
2020 /org2
Requestor: Devin Howland
BUDGET ADJUSTMENT DESCRIPTION /JUSTIFICATION:
A RESOLUTION TO AUTHORIZE THE REMITTANCE OF$500,000 TO RANDOM PRODUCTIONS LLC FOR THE PRODUCTION
OF TRUE DETECTIVE SEASON THREE IN FAYETTEVILLE AND TO APPROVE A BUDGET ADJUSTMENT.
COUNCIL DATE: 12/15/2020
LEGISTAR FILE ID#: 2020-1046
Mat-them Maddox/
11/23/2020 2:32 t M
Budget Director Date
TYPE: D - (City Council)
JOURNAL #:
12/15/2020
GLDATE:
RESOLUTION/ORDINANCE CHKD/POSTED: /
TOTAL 500,000 500,000 v.20201112
Increase / (Decrease) Project.Sub#
Account Number Expense Revenue Project Sub.Detl AT Account Name
1010.090.6600-5315.00 500,000 - 20021 EX Contract Services
1010.001.0001-4999.99 - 500,000 RE Use Fund Balance-Current
H:\Budget Adjustments\2020_Budget\City Council\12-15-2020\2020-1046 BA HBO Payment Remittance 1 of 1