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Council approves five-year naming-rights MOU with Mainstream Technologies for event center rooms
Summary
Council authorized the mayor and city clerk to execute a memorandum of understanding with Mainstream Technologies Inc. for sponsorship and naming rights of two meeting rooms at the North Little Rock Event Center. The agreement is a five-year deal at $20,000 per year.
Council approved R25174, a resolution authorizing the mayor and city clerk to execute a memorandum of understanding with Mainstream Technologies Inc. for sponsorship and naming rights of two meeting rooms at the North Little Rock Event Center. According to the staff summary presented at the meeting, the term is five years at $20,000 per year.
A council member asked whether other parties had expressed interest in the rooms; staff said no other offers were known. The agreement follows the same internal approval process used for past naming arrangements and was compared to a prior Centennial arrangement. The resolution passed on voice vote with the usual roll call.
Staff told the audience that rehabilitation agreements on the consent agenda had already passed and that executed copies would be distributed to stakeholders bearing the mayor's signature.
The resolution was adopted; the city will execute the MOU and return executed copies to interested parties.
