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ORDINANCE NO.
<br />
<br />39-89
<br />
<br />Placed on First Reading on June 5,
<br /> ~i!i~,~?~,~ 1989
<br />
<br />BY: Brown, Gallagher, Gazzana,
<br /> George, Wendling
<br />
<br /> AN EMERGENCY ORDINANCE supporting the Beck Center
<br />Cultural Arts of Lakewood by forgiving Part of the Beck
<br />obligation to the City under the Armory Land Contract
<br />Agreement.
<br />
<br />for the
<br />Center's
<br />Purchase
<br />
<br /> WHEREAS, the Beck Center for the Cultural Arts of Lakewood
<br />is the center of cultural activity in our community and the westside
<br />of Cuyahoga County, and
<br />
<br /> WHEREAS, the Beck Center provides to students and citizens
<br /> of Lakewood a multitude of cultural activities including plays, museum
<br /> exhibits, classes and other educational programs, and
<br />
<br /> WHEREAS, over 7,000 Lakewood students participated in Beck
<br />Center programs during the 1988/89 school year, and
<br />
<br /> WHEREAS, over 200,000 people use the Beck Center for the
<br />cultural arts each year in attending thousands of activities in the
<br />threater, educational programs exhibitions and community center
<br />activities, and '
<br />
<br /> WHEREAS, the various Beck Center support organizations have
<br /> embarked on a 60th Anniversary Campaign seeking to raise $3,500,000 to
<br /> make repairs, make renovations and improvements, increase staff to
<br /> expand activities and to eliminate remaining construction debt, and
<br />
<br /> WHEREAS, all these activities will ensure the future
<br /> financial stability of the Beck Center for the Cultural Arts and its
<br /> continuation as a vital part of Lakewood's community, and
<br />
<br /> WHEREAS, the campaign has raised $1,513,000 as of this date,
<br />with the State of Ohio contributing $300,000, and
<br />
<br /> WHEREAS, it is in the public interest that the City of
<br />Lakewood participte in this campaign demonstrating its support for the
<br />Beck Center and the importance of maintaining this outstanding
<br />community asset, and
<br />
<br /> WHEREAS, this ordinance constitutes an emergency measure in
<br /> that it provides for the preservation of the health, safety and
<br /> welfare of all citizens of our community; now, therefore,
<br />
<br /> BE IT ORDAINED BY THE CITY OF LAKEWOOD, STATE OF OHIO:
<br />
<br /> Section 1. That it is hereby determined that it is in the
<br />interest of all of the citizens of our community that City government
<br />support Lakewood's Beck Center for the Cultural Arts and that the Beck
<br />Center is a vital asset of this community contributing significantly
<br />to the quality of life and the health safety and welfare of all
<br />citizens of Lakewood. '
<br />
<br /> Section 2. Therefore, it is hereby determined that all
<br />accrued interest, which approximates $49,106.34 as of May 31, 1989,
<br />and one-half of the current principal balance due the City under the
<br />Armory Land Contract Purchase Agreement, approximating $41,208 is and
<br />the same shall hereby be forgiven and such debt to the City of
<br />Lakewood extinguished for all time contingent upon the Beck Center for
<br />the Cultural Arts paying the balance of one-half of the principal,
<br />approximating $41,208 to the City within 30 days of the effective date
<br />of this ordinance.
<br />
<br /> Section 3. The Mayor shall be and he is hereby authorized
<br />to sign whatever documents are necessary to effect the intent of this
<br />ordinance as such documents are prepared by the Director of Law of the
<br />City of Lakewood.
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