1. Arts & Cultural Affairs Ivanhoe Foundation January 28, 2014

2. Summary Background Ivanhoe Foundation Funding Recommended Action

3. Background Program created in 2006 to supplement the Cultural Tourism Program Provides capital grants to eligible arts organizations Grants for renovating, equipping, maintaining, constructing, and acquiring Grants are approved by BCC in spring Governed by Florida Statute – TDT restrictions apply Cultural Facilities Funding

4. Arts Funding from Tourist Development Tax Background

5. Funded 6 of the years since 2001 $6.9M Total Investments 20 Total Projects 26 Total Organizations Cultural Facilities Funding

6. Background Ivanhoe Foundation Funding Recommended Action

7. Ivanhoe Foundation Funding Total Requested:Total Budget: $500,000$1,003,217 Project Name: Capital Improvements for Dr. Phillips Center for Performing Arts *From Presentation in 2008 Ivanhoe Foundation

8. Ivanhoe Foundation Funding Orlando Ballet Orlando Opera Central Florida Jazz Mad Cow Theatre RS&C Productions Negro Spiritual Scholarship Fund FL Symphony Youth Orchestra Central Florida Community Arts Has been home to:

9. History of Dr. Phillips Building 1901: Built as power plant 1986: Ivanhoe Foundation Formed 1987: Leased to Ivanhoe Foundation 1989: Historical renovation to building Ivanhoe Foundation Funding

10. Progress of CF Funding 1992: Orlando Ballet and Orlando Opera headquarters in building 2008: $500,000 approved for CF Roof and HVAC renovation 2009: Orlando Opera closes 2010: Capital project work completed 2011: Project closed Ivanhoe Foundation Funding

11. Aug. 2013: Mold forces OUC to vacate Orlando Ballet and Central Florida Community Arts Grant agreement requires five years usage after project closes Current Situation

12. Ivanhoe Foundation – Has no assets or liabilities – Requests waiving five year provision Arts & Cultural Affairs Advisory Council unanimously recommends waiving remainder of five-year provision

13. Background Ivanhoe Foundation Funding Recommended Action

14. Action Requested: Approval to waive the provisions of Section 2.11 and 2.12 of Contract Y8-CF-IVANHOE, with The Ivanhoe Foundation and forgo any proportional return of funds. Recommended Action