HomeMy WebLinkAbout00-259.docJUNE 13, 2000 00-259 RESOLUTION
(CARRIED
AS AMENDED
PURPOSE:
INITIATED BY:
LOST LAID OVER WITHDRAWN .)
APPROVE FUNDTRANSFERAND ADDITIONALFUNDING
GRAND OPERA HOUSE
GRAND OPERA HOUSE ADVISORY BOARD
WHEREAS, by resolution 99-472 adopted December 14, 1999, the Common
Council of the City of Oshkosh approved a five-year lease agreement with the Oshkosh
Opera House Foundation, Inc., which, among other items, in paragraph 7.A. 1. requires the
Foundation to be responsible for all routine maintenance and minor repairs, defined as a
repair that does not exceed $1,000 per repair; and
WHEREAS, the City of Oshkosh has budgeted a total of $26,500 for building
maintenance and repairs, and capital outlay, as its obligation under the agreement; and
WHEREAS, subsequent to the approval, the Foundation Board of Directors
determined that it is essential for the City of Oshkosh to increase its financial support of
the Grand Opera House facility in addition to the previously allocated amount; and
WHEREAS, to accommodate this request, it is necessary to transfer funds;
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that the proper city officials are authorized and directed to transfer the sum of
Ei~c~-,, Th ...... ~,1 r~,-,~o,-o/¢~n nnn nm TwentyFive Thousand Dollars ($25 000 00)from
Acct. 100-0071-3460-00000 -- General Fund Equity to Acct. 501-1020-3330-00000 --
Grand Opera House Retained Earnings.
BE IT FURTHER RESOLVED that the City of Oshkosh will reimburse the Oshkosh
Opera House Foundation, Inc., for the calendar year 2000, up to c~¢*,, TI-, ...... ,,4 I'~lloro
I I I ~,,,¢~ I I I V ~ ~,~,,~ I I'~,~ I,~ V i i ~,,~ i ~,~
~.~.~v,vvv.vv//¢~r~ r~r~r~ r~m Twenty Five Thousand Dollars ($25,000.00) for all routine maintenance
and minor repairs as defined by the lease agreement and for utility expenses, retroactive
to,.,.,,~ ........ ,,.,.,, ¢ ! , ._,~,~,~°r~r~r~ June 1, 2000, based upon invoices presented to the Director of
Finance and further approved by the Council as "Allowance of Claims."
**Bold & Italics indicates amendments