A Joint Item of the City Council and the Redevelopment Agency to Authorize Acceptance of Sony Pictures Entertainment Contribution in the amount of $25 000 for Fiscal Year 207/2008 to the City s Unified Fund and Consideration and Approval of Proposed Program Allocation. City of Culver City California A Joint City Council/Redevelopment Agenda Item Report Meeting Date: October 22 2007 AGENDA ITEM: A Joint Item of the City Council and the Redevelopment Agency to Authorize Acceptance of Sony Pictures Entertainment Contribution in the amount of $25 000 for Fiscal Year 207/2008 to the City s Unified Fund and Consideration and Approval of Proposed Program Allocation. Contact Person/Dept.: Todd Tipton/ Community Development Department Pam Robinson / Parks Recreation Community Services Department Fiscal Impact: Yes X No Phone Number: Todd Tipton (310)253 5783 Pam Robinson(310)253 6632 General Fund: Yes X No Item Number: J 1 Attachments: X Action Item: X Public Hearing: Public Notification: Cultural Affairs Master Notification List (10/9/07); Parks and Recreation Master Notification List (10/9/07); Cultural Affairs Commission (10/9/07); Parks and Recreation Commission (10/9/07); 2008 Performing Arts Grant Applicants (10/9/07); Fiesta La Ballona List (10/9/07); Master Notification List (10/17/07). Department Approval: Sol Blumenfeld Fiscal Impact Review: Marlee Chang (by M. Noller) (10/16/07) City Attorney Approval: Carol A. Schwab (10/16/07) City Manager Approval: Jerry B. Fulwood (10/17/07) RECOMMENDATION: Staff recommends the City Council (the Council ) authorize acceptance of the Sony Pictures Entertainment (Sony) contribution of $25 000 and allocate awards to current cultural and City projects for program enhancement for Fiscal Year 2007 2008. A Budget Amendment requires a 4/5ths vote. BACKGROUND: In March 2006 the City Council approved a request submitted by Sony Pictures Entertainment for an Amendment to extend the term of the Development Agreement relating to property a...
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