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HomeMy WebLinkAbout~Master - Fundraising Feasibility Study for Public Library RESOLUTION NO. 10-070 RESOLUTION APPROVING REALLOCATION OF FUNDS FOR FUND-RAISING FEASIBILITY STUDY FOR THE CITY OF AMES WHEREAS,the Library Board of Trustees has determined that it is necessary for the Library facility to be expanded in order to meet the current and projected needs of the Ames community; and, WHEREAS, after engaging outside professionals to assist with a space needs study and an ongoing building expansion location/design project, the Board anticipates that construction and moving may cost approximately$35 million; and, WHEREAS,the project will,most likely,be funded by a combination of General Obligation Bonds,private fund-raising, and government and private grants; and, WHEREAS, the Library Board of Trustees believes it is important to obtain an accurate assessment of fund-raising potential for this project before it moves forward with more detailed building design and preparation for a bond referendum,and to this end,the Board intends to engage the consulting firm of The Hodge Group to undertake a fund-raising feasibility study in a contract amount not to exceed $68,000; and, WHEREAS, the Library Board of Trustees is requesting an amendment to the Capital Improvements Project(CIP)that permits up to$68,000 from unspent Library CIP funds, from both 2009/10 and a carry-over from 2008/09,to be assigned to the fund-raising feasibility study with The Hodge Group. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa, that the reallocation of$28,000 from the 2009/10 CIP is hereby approved, and that $40,000 is directed to come from the Library Bequest Fund to fund a contract with The Hodge Group for a Fund-Raising Feasibility Study for the Ames Public Library. ADOPTED THIS 23rd day of February, 2010. Diane R. Voss, City Clerk Ann H. Campbell, Mayor Introduced by: Wacha Seconded by: Orazem Voting aye: Goodman, Larson, Mahayni, Orazem, Wacha Voting nay: Davis Absent: None Resolution declared adopted and signed by the Mayor this 23rd day of February, 2010.