CITY OF ORLANDO
COUNCIL AGENDA ITEM

Items Types:
Business and Financial Services 		For Meeting of:
December 8, 2014
District: ALL From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No
Subject:
Orlando/Winter Park Interlocal Agreement - Performing Arts Center Funding
Summary:

The Interlocal provides that the City of Winter Park will pay to the City of Orlando, as part of the funding committed for construction of the performing arts center, the sum of $1,000,000 payable annually over a ten (10) year period, with each annual payment of $100,000 to be paid no later than 180 days after the first day of the fiscal year for which the payment is owed. 

The City of Orlando agrees to use the City of Winter Park’s contributions for construction and debt service for the performing arts center.  
Fiscal & Efficiency Data: N/A.  There is no financial obligation for the City of Orlando under this Interlocal.  The City of Winter Park will pay to the City of Orlando $100,000 per year for ten (10) years.
Recommended Action:
Approve the Interlocal Agreement and authorize its execution by the Mayor or Mayor Pro Tem and the City Clerk or Deputy City Clerk.
Agenda Item attachment(s) on file in the City Clerks Office.
Note: All agenda items must be in the City Clerk's office by Noon Friday, six(6) business days prior to the regular Monday City Council meeting.
Contact: Christopher P. McCullion
Approved By:

Department Date and Time
Budget Outside Routing Approval 11/24/2014 5:10 PM
City Clerk 11/25/2014 10:45 AM
ATTACHMENTS:
Name: Description: Type:
Interlocal_Agrt_Orlando_Winter_Park_DPAC_Funding_11-11-14.doc Interlocal Agreement - Performing Arts Center Funding Backup Material
"Enhance the quality of life in the City by delivering public services in a knowledgeable, responsive and financially responsible manner."