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CONTRACT NO. K-1314-32: A CONTRACT BY AND BETWEEN THE CITY OF NORMAN, OKLAHOMA, AND FIREHOUSE ARTS CENTER IN THE AMOUNT OF $58,800 FOR OPERATION OF THE FIREHOUSE ARTS CENTER.
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BACKGROUND: During the budgeting process for FYE 2014, a number of requests were specifically reviewed, discussed and approved by Council. Pursuant to those discussions, funding agreements were prepared and submitted to the various agencies for their execution. One of those agencies is the Firehouse Arts Center. Their funding agreement is now returned to Council for its approval.
DISCUSSION: The agreement provides that the Firehouse Arts Center will use City funds of $58,800 to operate the Center. The agreement includes a reporting procedure by the agency to the Council of expenditures of the funds in an amount not to exceed $58,800. Additionally, under the agreement the Center will provide a presentation to the Norman Parks Board regarding its activities. The agreement also provides for cancellation by either party and specifically provides for cancellation and return of any unexpended funds should the agency fail to use the funds for the purpose for which they are intended or should the agency be dissolved or cease to exist any time during the contract period.
The previous agreement with the Firehouse Arts Center included a clause allowing the agreement to renew automatically subject to Council's appropriation of funding when adopting the budget. That clause has been included in the new agreement.
RECOMMENDATION: Based upon the above and foregoing background and discussion, it is staff's recommendation that the funding agreement submitted herewith be approved. Funds should be disbursed from the following account to accomplish this: $58,800 from Parks & Recreation-Contributions and Organizations (account 010-7081-451.47-41).