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CAC - (1) Review of Two Quarterly Reports from Culver City Arts Foundation; (2) Discussion Regarding Loan from City to Culver City Arts Foundation; and (3) Make Recommendation to City Council as Deemed Appropriate.
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Meeting Date: May 17, 2022
Contact Person/Dept: B. Christine Byers / Administrative Services - Cultural Affairs
Phone Number: (310) 253-6003
Fiscal Impact: Yes [X] No [] General Fund: Yes [X] No []
Public Hearing: [] Action Item: [X] Attachments: Yes [X] No []
Public Notification: (E-Mail) Meetings and Agendas - Cultural Affairs (05/11/22); (E-Mail) Culver City Arts Foundation (05/11/22)
Department Approval: Jesse Mays, Assistant City Manager (04/14/22)
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RECOMMENDATION
Staff recommends the Cultural Affairs Commission (1) review the two quarterly reports provided by Culver City Arts Foundation; (2) discuss the loan from the City to Culver City Arts Foundation; and, (2) make a recommendation to the City Council as deemed appropriate.
BACKGROUND & DISCUSSION
The Culver City Arts Foundation ("CCAF") was established in 2006 as a 501(c)(3) nonprofit public benefit corporation. The Articles of Incorporation were filed with the Secretary of State on September 26, 2006.
In 2016 City Council formed an Ad Hoc Subcommittee for the purpose of revising the structure of the CCAF with the goal of allowing it to function independently from the City. The City Council took action in March 2018 to separate the CCAF from the City. The Bylaws were amended and a new Memorandum of Understanding ("MOU") between the City and the CCAF was adopted. A revised MOU was subsequently adopted on June 24, 2019 (Attachment 1).
Exhibit A of the MOU states that CCAF shall provide written quarterly reports to the CAC detailing its events, activities and financial status. At the October 19, 2021 CAC meeting, the first quar...
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