EXPLANATION
This legislation authorizes Columbus City Council to enter into contract with the Columbus Association for the Performing Arts (CAPA) on behalf of Columbus Symphony Orchestra (CSO) for sustaining arts and cultural services that enrich Columbus.
The contract agreement is to be the final installment of a multi-year commitment, and will provide $150,000 from the General Fund and proceeds of existing encumbrances to match Franklin County funds of $150,000 and private funds of $150,000 to assist in building for the CSO a $1 Million + transition fund. Together, these funds will ensure that CAPA will balance the CSO's 2012 budget, so that the CSO will be fiscally sound and begin to rebuild its balance sheet and cash reserves to ensure a healthy future.
FISCAL IMPACT: Funding for this contract is available in the General Fund and from the proceeds of existing encumbrances, the funds on which are no longer needed.
EMERGENCY DESIGNATION: It is requested that this ordinance be handled in an emergency manner due to the time sensitive deadlines.
TITLE
To authorize Columbus City Council to contract with Columbus Association for the Performing Arts (CAPA) on behalf of the Columbus Symphony Orchestra (CSO) for the purpose of fostering and sustaining arts and cultural services that enrich the Columbus community, to authorize the cancellation of two existing prior year encumbrances, to authorize and direct the expenditure of $150,000.00 from the General Fund, and to declare an emergency. ($150,000.00)
BODY
WHEREAS, The Columbus Association for the Performing Arts (CAPA) was formed in 1969 and has received international recognition over the past four decades for its diversity of performing arts and entertainment programming, dramatic restoration of historic theaters, excellence in facilities management, and positive contributions to the quality of life in Columbus; and
WHEREAS, CAPA will enter into contract with Columbus City Council on behalf of the Co...
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