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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