Receipt of Sony Pictures Entertainment Contribution Approval of Related Budget Amendment and Allocation of Awards to Current Redevelopment Agency and City Cultural Projects for Program Enhancement for Fiscal Year 2006 2007. City of Culver City California City Council Agenda Item Report Item Number: A 4 Meeting Date: 11/13/06 AGENDA ITEM: Receipt of Sony Pictures Entertainment Contribution Approval of Related Budget Amendment and Allocation of Awards to Current Redevelopment Agency and City Cultural Projects for Program Enhancement for Fiscal Year 2006 2007. Contact Person/Dept.: Susan Obrow / Cultural Affairs Division Marty Nicholson / Parks Recreation Community Services Department General Fund: Yes X No Fiscal Impact: Yes X No Public Hearing: Attachments: X Public Notification: Parks and Recreation Master Notification List (10/26/06) Cultural Affairs Commission (10/26/06) Parks and Recreation Commission (10/26/06) 2007 Performing Arts Grant Applicants (10/26/06) Fiesta La Ballona List (10/26/06); Master Notification List (10/26/06). Department Approval: Susan Evans (10/26/06) City Controller Approval: Marlee Chang (11/07/2006) City Manager Approval: Jerry Fulwood (11/08/2006) Phone Number: (310) 253 5762 (310) 253 6662 Action Item: X RECOMMENDATION: Staff recommends the City Council receive the Sony Pictures Entertainment (Sony) Contribution of $25 000 approve a related budget amendment and allocate awards to current Redevelopment Agency and City cultural projects for program enhancement for Fiscal Year 2006 2007. A four fifths vote is required to amend the budget. 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 at 10202 Washington Boulevard in the Studio (S) Zone. Under the terms of the First Amendment to the Development Agreement Sony Pictures Entertainment will contribute to the City s Unified Fund at least Twenty Five Thou...
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