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HomeMy WebLinkAboutSummary FormDate: 8/23/2007 AGENDA ITEM SUMMARY FORM FILE ID: 0 7- of a og Requesting Department: CIP Department Commission Meeting Date: 10/11/2007 District(s) Impacted: ❑ 1 1E12 ❑3 ❑4 ❑5 Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: Approve funding allocation of $825,000 from Homeland Defense/Neighborhood Improvement Bond Funds, Historic Preservation Initiative for Gusman Center for the Performing Arts. Purpose of Item: Approve funding allocation of $825,000 from Homeland Defense/Neighborhood Improvement Bond Funds, Historic Preservation Initiative for Gusman Center for the Performing Arts. Background Information: The Department of Off -Street Parking has completed a significant portion of the restoration of the Gusman Center for the Performing Arts but needs additional funds for work including: removal of existing carpet and auditorium seating from mezzanine level, first balcony level and second balcony level areas of the theater; new carpeting, and paint to the exposed concrete floors; new auditorium seating; new handrails; new electrical work for seat/aisle lighting; new entrance doors; and new concessions counters. The repairs associated with the forty year certification of the building are also included. At its meeting of August 28, 2007, the Bond Oversight Board recommended that $825,000 from the Homeland Defense Neighborhood Improvement Bond Funds, Historic Preservation Initiative be allocated for this project.All Historic Preservation Initiative Funds have been allocated. Therefore, no futther balance is available. Budget Impact Analysis NO Is this item related to revenue? YES Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: B-30546 YES Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: $825,000 Final Approvals C,I.PAPPRQV,-tL. (SIGN AND DATE) $l1glo"I CIP t` .." a l,- �`" E �- Budget o�. ,a11A, i3w� ir,, If using or recei 1� Grants t�. k Management � N/A Purchasing N/ i7, pt. Director Chief � �;�- Lti/ City Manager Pagelofl Project Manager: Scott Simpson