City of Hampton, Virginia
Resolution - Budget Item
22 Lincoln Street
Hampton, VA 23669
Enactment Number: -
Resolution authorizing the
appropriation of $450,000 from the General Fund undesignated fund balance to
the Hampton Arts Foundation Capital Fund for the purchase of the Mugler Building property adjacent to the American Theatre.
WHEREAS, the Mugler building adjacent to the
American Theatre came available for purchase in late 2005; and
WHEREAS, the aforementioned property
represents a unique opportunity for the expansion of the American Theatre; and
WHEREAS, the board of directors of the
Hampton Arts Foundation has voted unanimously to pursue an expansion project
with an anticipated cost of approximately two million dollars ($2,000,000.00);
WHEREAS, the proposed use of the building
will allow for expanded space to be used for the lobby, theatre, studio and
lecture space and will additionally allow widening of the stage; and
WHEREAS, the lot will accommodate an
estimated 30-40 parking spaces and compliments an adjoining lot on County
Street which was purchased by the City in 2000; and
WHEREAS, the Hampton City Council supports
the proposed enhancements to the American Theatre.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
1. That it appropriates $450,000 from the General Fund
undesignated fund balance to the Hampton Arts Foundation for contribution
toward the Foundations capital campaign.
2. This resolution shall take effect immediately.
the regular meeting of the City Council of the City of Hampton, Virginia held
on March 22, 2006.
Signed by ____________________________ Date
Ross A. Kearney, II, Mayor
Attested by ____________________________ Date _________________
Katherine K. Glass
Clerk of the Council