Explanation
This legislation authorizes the City Clerk to enter into contract with the Columbus Association for the Performing Arts (CAPA) on behalf of Columbus Symphony Orchestra (CSO). The contract agreement will provide $250,000 from the General Fund to match Franklin County funds of $250,000 and private funds of $250,000 to assist in building for the CSO a $1M+ transition fund. Together, these funds will ensure that CAPA will balance the CSO's 2010 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 included in the 2010 budget pursuant to a City Council amendment earlier this year.
Title
To authorize the City Clerk to contract with Columbus Association for the Performing Arts (CAPA) for the purpose of fostering and sustaining arts and cultural services that enrich the Columbus community, and to authorize the expenditure of $250,000.00 from the General Fund. ($250,000.00)
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 downtown quality of life ; and
WHEREAS, CAPA will enter into contract with the City Clerk on behalf of the Columbus Symphony Orchestra (CSO) in the amount of $250,000 while obtaining matching funds from Franklin County in the amount of $250,000 as well as private funds in the amount of $250,000 to assist in building a one million dollar transition fund for the Columbus Symphony Orchestra; and
WHEREAS, City Council amended the 2010 budget to further emphasize that the city's major cultural and artistic "anchor" institutions are crucial to the cultural fabric of Columbus; now, therefore:
BE IT ORDAINED B...
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