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

Ivanhoe Foundation Funding

History of Dr. Phillips Building • 1901: Built as power plant • 1986: Ivanhoe Foundation Formed • 1987: Leased to Ivanhoe Foundation • 1989: Historical renovation to building

Ivanhoe Foundation Funding Progress of CF 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

Recommended Action

Action Requested: • 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.