| | | | | | | | | TO: | Finance and Economic Resiliency Committee Members
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| FROM:
| Alina T. Hudak, City Manager |
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| | DATE: | April 29, 2022
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| | SUBJECT: | DISCUSS EXPLORING DIFFERENT FINANCIAL AND FUNDING MODELS FOR RENOVATING OR BUILDING A NEW BYRON CARLYLE THEATER, INCLUDING THE FOLLOWING OPTIONS: (1) A STAND-ALONE CITY OWNED PROJECT BUILT ENTIRELY BY THE CITY WITH THE CITY'S OWN FUNDS; (2) A PRIVATELY FUNDED LONG -TERM LEASE PROJECT, WITH THE CITY TO CONTROL THE GROUND FLOOR CULTURAL ARTS SPACE; AND (3) A CITY-OWNED PROJECT , DEVELOPED AS A PUBLIC-PRIVATE PARTNERSHIP WITH PROJECT REVENUE BONDS (AND NO SALE OR LEASE OF THE PROPERTY); AND (4) OTHER OPTIONS THAT MAY BE IDENTIFIED, WITH ALL OF THE FOREGOING OPTIONS TO IDENTIFY FUNDING SOURCES AND PUBLIC OR PRIVATE FINANCING ALTERNATIVES. |
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| | | | | | | | HISTORY:
| | Item to be submitted as supplemental |
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| | | | | | | | Applicable Area
| | North Beach |
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| | | | | | | | | Is this a "Residents Right to Know" item, pursuant to City Code Section 2-14? | | Does this item utilize G.O. Bond Funds? | | | Yes | | No | |
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