HomeMy WebLinkAbout10/16/2002 - STAFF REPORTS (7) DATE: October 16, 2002
TO: City Council
FROM: Arts Administrator via Director of Community and Economic Development
EXERCISE OPTION TO PURCHASE CHIHULY ARTWORK FOR THE PALM
SPRINGS INTERNATIONAL AIRPORT
RECOMMENDATION:
That the City exercise the option to purchase two additional sculptures (Macchia Set
3 and Macchia Set 4) in the amount of$150,000, for placement around the interior
fountain in the Palm Springs International Airport as per contract services
agreement #4266 between the City of Palm Springs and Chihuly, Inc., a
Washington Corporation.
BACKGROUND:
The Public Arts Commission worked with the Airport Commission to provide world-
class artwork by internationally-known artist, Dale Chihuly, for the four pedestals
around the fountain in the new terminal of the Palm Springs International Airport.
Two pieces have been purchased and installed at cost of $150,000. These two
pieces were paid for with airport construction funds and public art funds. No general
fund money was used. The agreement provided an option to purchase the
remaining two pieces for an additional $150,000 which would be purchased with
donations by the public. The Arts Commission has raised $133,725 toward
purchase of these two pieces. ($124,625 in-hand and $9,100 pledged). That leaves
only $16,275 remaining to be raised. The Arts Commission is confident they can
secure the final amount within the next few months. The payments for the remaining
two pieces are scheduled in three installments of$50,000 each. The final payment
would not be due for approximately 5 months, allowing plenty of time to fund-raise.
Of the $124,625 in-hand, $45,400 was collected in fiscal year 2001-2002. That
amount will be transferred to the 2002-2003 fiscal year budget by a Budget
Amendment. The $79,225 collected in fiscal year 2002-2003 will be appropriated
for expenditure via an Offsetting Budget Adjustment. Approval of the option to
purchase guarantees that the two pieces, selected specifically for the airport site,
belong to the City, and can be installed while the fund-raising efforts are completed.
Funds for this project are in a special revenue account #37119 set up specifically
> for donations/to the Chihuly Airport Project. No general fund money will be used.
Arts Administrator� ' Director o Corn iu ity and Economic Development
APPROVED:
City Manager
Attachments:
1. Minute Order 2. Resolution REVIEWED BY DEn OF FINANCE
MINUTE ORDER
EXERCISING THE OPTION TO PURCHASE TWO
ADDITIONAL SCULPTURES (MACCHIA SET 3 AND
MACCHIA SET 4) IN THE AMOUNT OF $150,000,
FOR PLACEMENT AROUND THE INTERIOR
FOUNTAIN IN THE PALM SPRINGS INTERNATIONAL
AIRPORT AS PER CONTRACT SERVICES
AGREEMENT#4266 BETWEEN THE CITY OF PALM
SPRINGS AND CHIHULY, INC., A WASHINGTON
CORPORATION.
I HEREBY CERTIFY that the Minute Order exercising the option to purchase two
additional sculptures (macchia set 3 and macchia set 4) in the amount of$150,000,
for placement around the interior fountain in the Palm Springs International Airport
as per contract services agreement #4266 between the City of Palm Springs and
Chihuly, Inc., a Washington Corporation,was adopted by the City Council of the City
of Palm Springs, California, in a meeting thereof held on the 16th day of October,
2002.
RESOLUTION NO.
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA, AMENDING THE BUDGET FOR THE 2002-
03 FISCAL.
WHEREAS Resolution 20357 approving the budget for the fiscal year 2002-03 was adopted
on June 5, 2002; and
WHEREAS the City Manager has recommended, and the City Council desires to approve,
certain amendments to said budget;
NOW THEREFORE BE IT RESOLVED that the Director of Finance is authorized to record
inter-fund cash transfers as required in accordance with this Resolution, and that Resolution
20357, adopting the budget for the 2002-03 fiscal year is hereby amended as follows:
SECTION 1. ADDITIONS
Fund Activity Account Amount
150 4408 to be assigned $45,400
Public Art Art Acquisition Airport Chihuly
Purpose to appropriate funds for the acquisition of the Airport's Chihuly art works.
SECTION 2. SOURCE
Donations received in fiscal year 2001-02, and not previously appropriated.
Fund Activity Account Amount
150 29301 $45,400
Public Art Fund Balance
Adopted this day of 2002.
AYES:
NOES:
ABSENT:
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
By
City Clerk City Manager
REVIEWED AND APPROVED