A RESOLUTION AUTHORIZING THE ESTABLISHMENT OF THE CHAPEL HILL PUBLIC ARTS COMMISSION AS A NONPROFIT CORPORATION, AND AUTHORIZING THE TOWN MANAGER TO NEGOTIATE A PERFORMANCE AGREEMENT FOR THE COUNCIL’S CONSIDERATION THAT WOULD ALLOW THE COMMISSION TO MEET

ATTACHMENT 1

A RESOLUTION AUTHORIZING THE ESTABLISHMENT OF THE CHAPEL HILL PUBLIC ARTS COMMISSION AS A NONPROFIT CORPORATION, AND AUTHORIZING THE TOWN MANAGER TO NEGOTIATE A PERFORMANCE AGREEMENT FOR THE COUNCIL’S CONSIDERATION THAT WOULD ALLOW THE COMMISSION TO MEET ITS OBLIGATIONS, CARRY OUT A WORK PROGRAM APPROVED BY THE COUNCIL, AND COMPLY BOTH WITH INTERNAL REVENUE SERVICE REQUIREMENTS AND GOVERNMENTAL ACCOUNTING STANDARDS (2004-06-30/R-21.1)

WHEREAS, the Town Council adopted resolutions in 1992 and 1998 establishing an endowment for public art and the Chapel Hill Public Arts Commission; and

WHEREAS, the Town Council appoints members of the Public Arts Commission; and

WHEREAS, the Town Council established a program for supporting art in public places;

NOW, THEREFORE, BE IT RESOLVED by the Council of the Town of Chapel Hill that the Council directs the Town Manager and the Chapel Hill Public Arts Commission to take the required steps to establish the Commission as a non-profit corporation, to negotiate a performance agreement for the Council’s consideration that would allow the Commission to meet its obligations, carry out a work program approved by the Council, and comply both with Internal Revenue Service requirements and governmental accounting standards.

This the 30^th day of June, 2004.