1-12F-3: ELIGIBLE CAPITAL IMPROVEMENT PROJECTS:

   A.   Eligible Projects: Capital Improvement Projects using City general or enterprise funds allocated through the annual or interim budget process that are not specifically excluded from the City Council allocating one and two-tenths percent (1.2%) of the project's construction, renovation, or remodeling costs to fund Cultural Assets. Eligible projects may include Capital Improvement Projects that are: (1) developed by other entities and leased back to the City, or (2) developed and implemented cooperatively with other public or private entities.

   B.   Cooperative Development With Other Entities: When the City develops a Capital Improvement Project cooperatively with another public or private entity, the City shall encourage the partnering entity to provide one and two-tenths percent (1.2%) of its eligible Capital Improvement Project budget for Cultural Assets funding. The City shall provide one and two-tenths percent (1.2%) of its cooperative Capital Improvement Project budget for Cultural Assets funding unless City Council excludes the project. If the partnering entity does not provide its portion of project funding for Cultural Assets, City Council may fund one and two-tenths percent (1.2%) of the total eligible project costs for Cultural Assets to make up the shortfall.

   C.   Exclusions: Capital Improvement Project costs or cost components excluded as ineligible for the one and two-tenths percent (1.2%) for Cultural Assets funding include:

      1.   Capital Improvement Project or cost components for which Cultural Asset funding is prohibited by federal or state statute, law, or regulation;

      2.   Major repair, renovation, and maintenance projects that would not be capitalized under the City's Capital Asset Management and Accounting Regulation (Reg. B1.02a); or

      3.   Any Capital Improvement Project or cost component excluded explicitly by the City Council.

   D.   Alternative Funding Sources: The Percent for Art contribution does not preclude programming or acquisition of other Cultural Assets for City properties through alternative funding sources, such as partnerships, contributions, donations, or grants. (Ord. 19-23, 6-27-2023)