Item 4L
Item 4L Approve SPDC Matching Funds request from Southlake DPS Citizens Association in the amount of $50,000 for Southlake Safety Town
SDCA Matching Funds Request
SDCA non-profit organization assisting City with development of Safety Town
Safety Town Plans and Bid Documents Complete
Anticipate construction as early as Mid-March (miniature Town Square portion)
Timeline Information
SDCA Matching Funds Request
Parks Board, SPDC and City Council ranked Safety Town as the Priority #4 Project in the FY 2010 SPDC CIP
Funding of $584,000 has been allocated to date
Prior Year Funding ($434,000)
FY 10 ($150,000)
Current Estimated Construction Cost: $1,375,051
Annual Operating Cost: $22,000
Anticipate 12,000 program participants annually
Schools, Pre-schools, Day Cares, Open Classes, Special Events
Frisco (1 ½ years over 45,000 attendees)
SDCA Matching Funds Request
City Council granted $50,000 ($100,000 total) in SPDC Matching Funds to SDCA April 15, 2008 (FY 2008)
Fundraising is ongoing for the project
To date, SDCA has raised $128,100 towards the project from sponsors and are actively seeking additional sponsorships
Requesting additional $50,000 ($100,000 total) in matching funds
FY 2010 SPDC Matching Funds Budget = $250,000
$16,000 approved and allocated (KSB)
$81,000 pending approval (Roxy Tennis)
If approved an unencumbered balance of $53,000 will remain for FY 2010
SDCA Matching Funds Request
Parks Board recommended approval at their February 1, 2010 special meeting.
SPDC and City Council will consider at their February 16, 2010 meetings
Questions?
Chris Tribble
(817) 748-8021