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Arts & Cultural Affairs. Ivanhoe Foundation January 28, 2014. Summary. Background Ivanhoe Foundation Funding Recommended Action. Background. Cultural Facilities Funding. Program created in 2006 to supplement the Cultural Tourism Program
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Arts & Cultural Affairs Ivanhoe Foundation January 28, 2014
Summary • Background • Ivanhoe Foundation Funding • Recommended Action
Background Cultural Facilities Funding • Program created in 2006 to supplement the Cultural Tourism Program • Provides capital grants to eligible arts organizations • Grants for renovating, equipping, maintaining, constructing, and acquiring • Grants are approved by BCC in spring • Governed by Florida Statute – TDT restrictions apply
Background Arts Funding from Tourist Development Tax
Background Cultural Facilities Funding • Funded 6 of the years since 2001 • $6.9M Total Investments • 20 Total Projects • 26 Total Organizations
Background • Ivanhoe Foundation Funding • Recommended Action
Ivanhoe Foundation Funding *From Presentation in 2008 Ivanhoe Foundation Total Requested: Total Budget: $500,000 $1,003,217 Project Name: Capital Improvements for Dr. Phillips Center for Performing Arts
Ivanhoe Foundation Funding Has been home to: • Orlando Ballet • Orlando Opera • Central Florida Jazz • Mad Cow Theatre • RS&C Productions • Negro Spiritual Scholarship Fund • FL Symphony Youth Orchestra • Central Florida Community Arts
History of Dr. Phillips Building Ivanhoe Foundation Funding • 1901: Built as power plant • 1986: Ivanhoe Foundation Formed • 1987: Leased to Ivanhoe Foundation • 1989: Historical renovation to building
Progress of CF Funding Ivanhoe Foundation Funding • 1992: Orlando Ballet and Orlando Opera headquarters in building • 2008: $500,000 approved for CF Roof and HVAC renovation • 2009: Orlando Opera closes • 2010: Capital project work completed • 2011: Project closed
Ivanhoe Foundation Funding Current Situation • Aug. 2013: Mold forces OUC to vacate Orlando Ballet and Central Florida Community Arts • Grant agreement requires five years usage after project closes
Ivanhoe Foundation • Has no assets or liabilities • Requests waiving five year provision • Arts & Cultural Affairs Advisory Council unanimously recommends waiving remainder of five-year provision
Background • Ivanhoe Foundation Funding • Recommended Action
Action Requested: Recommended Action • Approval to waive the provisions of Section 2.11 and 2.12 of Contract Y8-CF-IVANHOE, with The Ivanhoe Foundation and forgo any proportional return of funds.