1-12F-6: ALLOCATION OF PERCENT FOR ART FUNDS:

   A.   Cultural Assets Component Budget: During annual or interim budget development process related to individual eligible Capital Improvement Projects, the Percent for Art budget for each City Capital Improvement Project shall be identified and transmitted to the City Council by the relevant department. One and two-tenths percent (1.2%) of eligible Capital Improvement Project funds for the Cultural Assets shall be appropriated from the fund within which the Capital Improvement Project is budgeted unless the Capital Improvement Project is excluded.

   B.   Calculation: The Percent for Art component budget for each eligible Capital Improvement Project shall be calculated by multiplying one and two-tenths percent (1.2%) times the project's eligible costs. The budget for the Percent for Art component shall be calculated for the budgeted eligible Capital Improvement Project costs at the time of project approval by the City Council.

   C.   Consideration During Review, Approval Process: During the review and approval of each eligible Capital Improvement Project, the Percent for Art component budget shall be considered. The Percent for Art allocation calculated in this section shall be included in the approved City Capital Improvement Project budget by each City department unless excluded. Approval of the Capital Improvement Project budget by the City Council shall, by policy, include and entail approval of the Percent for Art budget component associated with the Capital Improvement Project unless excluded.

   D.   Rollover Of Capital Improvement Project Cultural Asset Allocations: As eligible Capital Improvement Projects may require more than one (1) year to implement, all unexpended Percent for Art funds shall be eligible to be re-budgeted each year until project completion. (Ord. 19-23, 6-27-2023)