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Res 103-2017 8/1/2017Resolution No. 103-2017 Resolution approving the programs and expenditures of the Wichita Falls 4B Sales Tax Corporation Board of Directors and amending the budget to include funding up to $20,000 for 4Kidz Sake (The Wichita Theatre) to renovate the building at 914 Indiana WHEREAS, Texas Local Gov't. Code § 501.073(a) provides "The corporation's authorizing unit will approve all programs and expenditures of a corporation and annually review any financial statements of the corporation;" and, WHEREAS, on June 30, 2017, the Wichita Falls 4B Sales Tax Corporation (4BSTC) approved the project listed below and as stated in its agenda. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: 1. The Wichita Falls 4B Sales Tax Corporation's approval and funding of the following programs and expenditures, in a total amount not to exceed $20,000 as described below and in said corporation's agenda, is approved: Cost associated with installation of a fire suppression system in an amount up to $20,000 for the 4Kidz Sake Program (Wichita Theatre) at 914 Indiana. 2. The current fiscal year budget of the 4B Sales Tax Corporation is amended to provide for the aforementioned expenditures and changes thereto. PASSED AND APPROVED this the 1st day of August, 2017. ATTEST: City C k lop Dear 4B Board:> Today, 4 Kidz Sake of Wichita Falls(4KS) is asking for your financial assistance once again to expand our operations for the sake of our community, 4KS(the Wichita Theatre) has acquired the property across the street from the theatre at 914 Indiana for this expansion- This property was made available at 50% of FMV by long-time supporters, Je,ral and Rowena Jackson, and 4K5 has already reroofed the property at cost of$25,000 to alleviate the deterioration of the facility bythe owners to which the Jackson's had sold the property 10 years earlier. 4K5 is asking the 4B Board once again for your financial assistance at the restoration of yet another historic downtown property for the entire community's enjoyment. 4KS will be opening a facility which will have a three fold purpose: 1 House the ever-growing youth program of the theatre 2 Provide rehearsal space for the many ongoing productions of the theatre mainstage-shows 3 Move our cramped, but highly successful dinner stage to it's own facility with the ability to stage events year round. In 2016, there were 5 productions with 26 total performances which all sold out prior to opening the shows. This venue will give our adult community something many have told us they have been driving to DiFW to experience. (SPECIAL. NOTE: in the fast 12 months, the Wichita Theatre productions have sold just under 24k tickets with 33% coming from outside of the WF city limits) Do to the fact that the current management team can stage and manage the events which will take place in the new building, the added operational cost will be minimal, thus making this expansion a - huge funding vehicle for the organization, estimated at $150k annually, allowing it to offset it's mainstage deficits with the revenues from this expansion. The expansion cost for the preparation of the lower floor for purposes stated will be an additional $173,000. 4KS is asking the 48 Board for its assistance by providing funding for the staging, lighting, and sound which has been bid at $94,000. Unfortunately, the theatre must also raise, not only the balance of this cost, but an additional $135,000 for its annual campaign. The lack of these funds from a source other than traditional fund raising would require the expansion to be placed on hold or done at such a level alto not match the quality standards that patrons have come to expect from Wichita Theatre events. In 1908, our city captured the vision and saw the need to build a theatre, the Wichita Falls Opera House, to house the touring shows moving around America at the time. Now, fast forward past the movie era of the Wichita Theatre to 1995 when the Jackson family of Wichita Falls captured that same vision for our city by restoring and reopening the Wichita Theatre to provide our city with the same quality family entertainment the citizens of 1908 envisioned. In 2005, Dwayne and Lisa Jackson saw the, need to convert the theatre operations into a new 501 C-3 not for profit, 4 Kidz Sake of Wichita Falls, and add to the already occurring family entertainment an educational element for the youth of our community. The 4B Board joined with 4KS in 2008-9 by participating in the conversion of the Noble Hardware building into what is now the Wichita Theatre Performing Arts Centre. We hope thatthe 4B Board will once again join with 4KS in a way which will benefit our entire community. Thank you from the Executive Board of 4KS for your consideration of this proposal. Please feel free to call me at 940/781-4633 if you have any questions or you may also call Dwayne Jackson at 940/636 3501. Sinc�7ely, gretH�anes Board Chair— 4 Kidz Sake of Wichita Falls t i'.V AbiiOC: ®ey s y T fir, T. Budget Items for Wichita Theatre ExpansionEacility Tables and Chairs $ 7,877 Architect $ 51000 I Install Support Beam for ceiling $ 13,000 R Bathrooms $ 15,000 m Outdoor;signago paint, lighting $ 25000 �;... Interior Building Supplies $ 5,000 HVAC Work $ 5,000 _ Linens, dinner support items $ 3,500 a Total All Other $ 79,377 Sound, lights and staging $ 94,000 Total projected Cast $173,377 «ter, Date- mM 2017 Drawn Sp j0 Sheet of 1