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The MOU ends in June 2025 to allow both the City and LAVTA to assess trends and <br /> adjust future Measure BB funding as needed. The Operator Agreement with Black Tie <br /> ends January 2026 and will involve negotiations. Measure BB funds have historically <br /> increased year-to-year, although the increase varies. A more accurate revenue sharing <br /> discussion is recommended toward the end of this MOU term. <br /> Submitted by: Fiscal Review: Approved by: <br /> 4'6L)(/01, <br /> Heidi Murphy Susan Hsieh Gerry Beaudin <br /> Director of Library Finance Director City Manager <br /> and Recreation <br /> Attachment: <br /> 1. Memorandum of Understanding <br /> Page 5 of 5 <br />