SR 06:012 - Laserfiche WebLink

That series of interviews has generated an additional list of potential donors. A second set of contacts and interviews is scheduled to start shortly. Mr. Greg Reznick, President of the Foundation, will be at tonight's meeting to report on his organization's fundraising efforts to date. . Improvements to Lions Wayside Park (Please refer to Attachment C, Preliminary Opinion of Construction Costs for Lions Wayside Park) It is recognized that completion of the Firehouse Arts Center will draw attention to potential improvements at neighboring Lions Wayside Park, identified in the Downtown Parks and Trails Master Plan. Richard Larson, Landscape Architect and consultant for the Downtown Parks and Trails Master Plan, has provided an initial cost estimate associated with potential improvements at Lions Wayside Park, should the Alameda County Transportation corridor be acquired by the City. The improvements are basic, and an initial effort to reflect the vision created for the park. The estimate also does not include costs related to the relocation and improvement of the Chan Henderson Bandstand, parking, actual acquisition of the Transportation Corridor, etc. Improvements would include grading, under grounding the existing drainage channel, irrigation, and turf seeding, in order to create grass spaces and simple paving surfaces which would extend to the lobby entrance of the Firehouse Arts Center. Mr. Larson estimates that these initial improvements to the park would cost approximately $1.48 Million. Development of the Firehouse Arts Center, however, is not dependent upon the improvements to Lions Wayside Park. . Operational and Programming Costs for the Firehouse Arts Center Firehouse Arts Center Staff has developed an initial budget for operations at the Firehouse Arts Center. The budget includes funds for staffing and all operational costs. Costs are estimated based on staffs experience at the Amador Theater, and would total approximately $300,000. This figure does not include any City related overhead, facility maintenance, or replacement funds. The costs would be incorporated into the Civic Arts Division's operating budget at the appropriate time. These are purely operating costs and do not reflect potential City youth theater programs, presenting programs, etc. Those programs, if developed in the future, would be incorporated into the proposed Civic Arts budget and be considered as part of the City's regular budget development and approval process. It should be noted that any budget allocations related to the Firehouse have not been previously reflected in long range operating budget projections. Staff is currently developing policies and projections regarding projected revenues for the theater portion of the facility. Given past and present experience at the Amador Theater, and current City practice of offering local arts organizations substantially subsidized rental rates, staff estimates that rental revenues for the Firehouse Theater would equal an amount equal to 20-25% of the theater's operating costs. Staff is also developing policies and projections regarding potential revenue from classroom rentals. SR 06:012 Page 6