SUBJECT/RECOMMENDATION:
Title
Approve the Restrictive Covenant required by the State of Florida for a Cultural Facilities Grant awarded to Ruth Eckerd Hall, Inc. and authorize the appropriate officials to execute same. (consent)
Body
SUMMARY:
Ruth Eckerd Hall, Inc. was awarded a Cultural Facilities grant from State of Florida, Department of State, Division of Cultural Affairs in the amount of $2,000,000 to improve the parking, arrival and departure experiences at Ruth Eckerd Hall.
Funds will be used to widen the approach leading to Ruth Eckerd Hall, alter the grade of the roadway, add new landscaping, lighting and signage, install new electrical power feed to the building, and reconfigure a portion of the parking lot reserved for donors.
As the owner, the City of Clearwater is required to approve a Restrictive Covenant stating that the facility will be used as a cultural facility for 10 years following the execution of the grant award, which is October 17, 2016.
The project is estimated to be completed by June 1, 2018.
APPROPRIATION CODE AND AMOUNT: N/A
USE OF RESERVE FUNDS: N/A