ITEM TITLE:
Approval of Sponsorship Contribution to the Valdez Community Playground Project in the Amount of $25,000
SUBMITTED BY: Sheri Pierce, City Clerk
FISCAL NOTES:
Expenditure Required: $25,000
Unencumbered Balance: $200,511.54
Funding Source: 350-0202-55000 Council Contingency Fund
RECOMMENDATION:
Mayor Knight has requested this item be on the agenda for consideration. If approved, administration recommends the City Council Contingency as the funding source.
SUMMARY STATEMENT:
The Valdez Community Playground Committee is a group working in partnership with HHES Parent Teacher Association, a non-profit organization. This organization is formed exclusively of volunteers; therefore all fundraising dollars go directly toward the playground project. The Playground will be built by volunteers from the community on July 26-31, saving over 25% of the cost compared to a manufactured installed playground. The total budget for the playground is $322,000, of which the committee has raised $291,000 to date. The assistance of major corporate sponsors and partners are needed to complete the project.
Mayor Knight has brought forward a request from the Valdez Community Playground Committee who respectfully request that the City of Valdez join with Providence Health Services, Valdez City Schools and United Way as a “King Salmon Sponsor” by contributing $25,000 to assist with the final funding needed to complete the playground project.