Title
Ordinance Making Supplemental Appropriation in the Amount of $43,694 from Committed Revenue Funds for the Live Oak Bank Pavilion at Riverfront Park, Hugh Morton Amphitheater, and Althea Gibson Tennis Complex for Maintenance and Improvements at the Facilities [Budget Impact: $43,694]
Body
LEGISLATIVE INTENT/PURPOSE:
WHEREAS, the City Fee Schedule includes a $0.50 ticket surcharge designated for non-profit agencies and a $1.00 ticket surcharge for organizations that are for profit for events hosted at the Live Oak Bank Pavilion and Hugh Morton Amphitheater; and,
WHEREAS, the purpose of the ticket surcharge is to ensure the quality and longevity of the Live Oak Bank Pavilion and the Hugh Morton Amphitheater so that the facilities may continue to accommodate events, and the fees collected are placed in Committed Revenue to be used for maintenance and improvements to the parks; and,
WHEREAS, these revenues are collected from rental events and are separate from the ticket revenue collected from Live Nation events, which is split evenly between the general fund and a separate revenue fund dedicated to landscape improvements; and,
WHEREAS, program and tournament surcharges are collected at the Althea Gibson Tennis Complex ("AGTC") to support maintenance and improvements at the facility: and,
WHEREAS, this ordinance would appropriate $43,694 from the committed revenue fund to cover costs in the amount of $33,194 for mulching, lighting, etc. in various locations within Riverfront Park, including additional stairway and park support building lighting is to improve visibility during concert ingress and egress, $3,500 for landscape material replacement at Hugh Morton Amphitheater, and $7,000 for a backboard replacement at the AGTC.
THEREFORE, BE IT ORDAINED:
THAT, the following supplemental appropriation is hereby made to the General Fund, and that the following revenue is available to meet this appropriation:
GENERAL FUND
Revenue
Riverfront Park- Committed ...
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