Discussion of the Fiesta La Ballona Committee and Consideration of a Loan to Temporarily Fund the Fiesta La Ballona Activities in the amount of $20 000.00. City of Culver City California City Council Agenda Item Report Meeting Date: 06/15/2007 AGENDA ITEM: Discussion of the Fiesta La Ballona and Consideration of a Loan to Temporarily Fund the Fiesta La Ballona Activities in the amount of $20 000.00. Contact Person/Dept.: Jerry B. Fulwood City Manager Fiscal Impact: Yes No X Public Hearing: Public Notification: Master Notification List (06/13/07); Fiesta La Ballona Committee (06/13/07) General Fund: Yes No X Attachments: Phone Number: (310) 253 6000 Action Item: X Item Number: A 4 Department Approval: Jerry B. Fulwood () City Controller Approval: Marlee Chang () City Attorney Approval: Carol Schwab (by H. Iker) () City Manager Approval: Jerry B. Fulwood () RECOMMENDATION: Staff recommends the City Council discuss the Fiesta La Ballona and consider a loan from the General Fund appropriated reserves to temporarily fund the activities of the Fiesta La Ballona in the amount of $20 000.00. BACKGROUND/DISCUSSION: The Fiesta La Ballona has been a part of Culver City for several decades. Over that time the Fiesta may have changed. But the Fiesta La Ballona has remained an important community event with increasing attendance. From time to time the City has provided financial assistance to the Fiesta. The original intent of the City funding was to act as seed monies with the goal that at some point in the future the success of the Fiesta would lead to its financial self sufficiency. Proudly the Fiesta La Ballona Committee s hard work has paid off with the Fiesta showing a net profit from operations over the past few years. Over the past year the City and members of the Fiesta La Ballona Committee have been working together to consider further improving the operations of the Fiesta event. Two areas discussed include: (1) a proposal to incorporate the funds of the Fiesta into th...
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