AGENDA #4k

 

MEMORANDUM

 

TO:                  Mayor and Town Council

 

FROM:            W. Calvin Horton, Town Manager

 

SUBJECT:       Request for Funding for The Memorial Hall Transformation Project

 

DATE:             November 24, 2003

 

BACKGROUND

 

The Town received a petition on September 4 from Mr. Jim Heavner, Campaign Co-Chair for The Memorial Hall Transformation Committee, requesting funding for the Carolina Performing Arts Series.  A copy of Mr. Heavner’s petition is attached (Attachment 1).

 

Enactment of the attached budget ordinance would appropriate $10,000 from Fund Balance for this purpose.

 

DISCUSSION

 

Mr. Heavner’s petition states that:

 

• the new arts common will be anchored by the Downtown on one end and Memorial Hall on the other;
• the community has shown support for the project;
• the renovation of Memorial Hall will be the first project funded as part of the University’s bond issue; and
• outside support will be required to improve the performances appropriate to the improvement of the venue.

 

The new Arts Common will be of value to the Town and its citizens and Memorial Hall will be an anchor to the Arts Common, benefiting both Downtown Chapel Hill and the University.

 

RECOMMENDATION

 

We recommend the Council enact the attached budget ordinance, contributing $10,000 from Fund Balance to the Carolina Performing Arts Series.

 

ATTACHMENT

 

1.                  Petition from Mr. Jim Heavner, Co-Chair, The Memorial Hall Transformation Committee (p. 3).

AN ORDINANCE TO AMEND “THE ORDINANCE CONCERNING APPROPRIATIONS AND THE RAISING OF REVENUE FOR THE FISCAL YEAR BEGINNING JULY 1, 2003” (2003-11-24/O-6)

 

BE IT ORDAINED by the Council of the Town of Chapel Hill that the Budget Ordinance entitled “An Ordinance Concerning Appropriations and the Raising of Revenue for the Fiscal Year Beginning July 1, 2003” as duly adopted on June 9, 2003, be and the same is hereby amended as follows:

 

ARTICLE I
APPROPRIATIONS	Current Budget	Increase		Decrease			Revised Budget
GENERAL FUND
Non-Departmental
Agency Contributions	727,283	10,000					737,283
ARTICLE II
REVENUES	Current Budget	Increase		Decrease			Revised Budget
GENERAL FUND
Fund Balance	2,556,168	10,000					2,566,168

 

This the 24th day of November, 2003.