Title
Approval of a Resolution Authorizing an Amendment Number 1 to the Operating Agreement with the Washington Center for the Performing Arts
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve the Resolution authorizing Amendment Number One to the Operating Agreement with the Washington Center for the Performing Arts, Incorporated (WCPA).
Report
Issue:
Whether to approve the Resolution authorizing Amendment Number One to the Operating Agreement with the WCPA.
Staff Contact:
Thanh Jeffers, Director of General Services, Public Works Department, 360.753.8278
Presenter(s):
None - Consent Calendar Item.
Background and Analysis:
The City owns the facility located at 512 Washington Street, South East and currently has an Operating Agreement with the WCPA, a nonprofit organization, to operate and market the facility. The term of the Operating Agreement is valid through 2034.
The WCPA was awarded a Building for the Arts (BFA) grant through the Department of Commerce. The BFA grant will be used to fund major improvement work at the main theater house which includes the replacement of 990 new theater chairs, and lobby upgrades. The lobby upgrades include approximately 17,000 square feet of new carpet, concession area remodel, new light fixtures, and paint throughout the five lobby areas and three stories of art gallery/lobby space.
The BFA grant required the WCPA Operating Agreement term to be at least 15 years from the date of the final payment. The current Operating Agreement does not meet the BFA grant requirement and staff recommendation is to extend the Operating Agreement term through 2042.
Neighborhood/Community Interests (if known):
There are no known community concerns regarding this operating agreement. The operating agreement allows for continued public entertainment, meetings, and cultural events for the community.
Options:
1. Approve the resolution authorizing the City Manager to sign the Amendment No.1 to extend the term of the Operation Agreement with WCPA through 2042.
2. Do not approve the Amendment No.1. WCPA will not be able to receive the BFA grant to contribute to the key improvement projects at the Center.
3. Take other action.
Financial Impact:
There is no financial impact to the City to extend the Operating Agreement term with WCPA.
Attachments:
Resolution
Amendment Number 1
Current Operating Agreement