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[COMMITTEE SUBSTITUTE FOR] ORDINANCE NO. 250854
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Sponsor: Director of Finance Department
COMMITTEE SUBSTITUTE
Appropriating $1,500,000.00 from the Unappropriated Fund Balance of the Parks Sales Tax Fund (2030) and $1,500,000.00 from the Unappropriated Fund Balance of the Convention and Sports Complex Fund (5370) for the purpose of providing funding for the development and maintenance of Starlight Theater and support of cultural institutions; designating requisitioning authority; requesting that the Board of Parks and Recreation Commissioners study creation of a position within the Parks and Recreation Department responsible for maintenance, enhancement, and support of cultural institutions; and recognizing this ordinance as having an accelerated effective date.
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WHEREAS, the Starlight Theatre is managed by the Starlight Theatre Association of Kansas City, Missouri ("Association"); and
WHEREAS, the Association is undertaking the fundraising, financing, and management of capital improvements ("Starlight Theatre Project"), including improved access for Theatre patrons, the construction of a new production bridge, addition of a canopy covering 3,000 seats, and renovations of the kitchen, concession spaces, and restrooms; and
WHEREAS, the Starlight Theatre Project is estimated to increase the total direct and indirect economic output of the Theatre from $42.6 million to $50.0 million annually within the City of Kansas City upon completion of the project; and
WHEREAS, the City Council has expressed support for the Starlight Theatre Project through passage of Ordinance No. 240477, which provided a $3.5 million bridge loan to the Starlight Theatre Project to commence Phase I construction; and
WHEREAS, the passage of Ordinance No. 240499 provided an additional sales tax redirection to the Starlight Theatre Project from taxes generated by the economic activity at Starlight Theatre to ass...
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