Mayor Hancock Recommends Projects for Cultural Bond Funds to City Council

Mayor Hancock Recommends Projects for Cultural Bond Funds to City Council

Mayor Michael B. Hancock today recommended to City Council the final projects to receive the remaining cultural bond funds from the Better Denver Bond Program totaling $57,126,000.

Keeping to the original purpose of a package of nine ballot initiatives (“A through I”) approved by Denver voters in 2007, the City and County of Denver is responsible for issuing the available cultural bonds in accordance with initiatives G and H.

“Denver is consistently recognized for our high-quality cultural facilities that help uphold the spirit of our smart city. As the voters intended in 2007, these funds will help maintain and improve these cherished facilities,” Mayor Hancock said. “We have focused the last remaining funds on advancing our facilities while staying true to the authorized intent of these critical investments.”

Question G relates to deferred maintenance for city-owned cultural facilities and the remaining amount is $18,497,001. Question H relates to financing the cost of new construction of city-owned cultural facilities and the remaining amount is $38,629,205.

The proposed allocation of proceeds will be $53,526,000 toward projects and $3,600,000 toward bond program management. The proposed allocation of funds are as follows:

City-owned Cultural Facility

Question G

Question H

Total

Boettcher Concert Hall -

Improvements

$6,700,000

$10,075,000

$16,775,000

Denver Performing Arts Complex -Champa Street Bridge

$2,500,000

$2,500,000

Denver Art Museum -

Ponti Building

$3,000,000

$3,000,000

Denver Botanic Gardens -

Café & Restrooms and Science Pyramid

$6,619,000

$6,619,000

Denver Center for the Performing Arts -

Deferred Maintenance

$9,932,000

$9,932,000

Denver Museum of Nature and Science and the Denver Zoo -

Parking

$4,400,000

$4,400,000

Levitt Pavilion Amphitheatre (Ruby Hill)

$2,000,000

$2,000,000

McNichols Building -

Improvements

$700,000

$4,800,000

$5,500,000

Red Rocks Amphitheater -

Water Supply and Concession

$2,800,000

$2,800,000

Total

$17,332,000

$36,194,000

$53,526,000


“I want to thank all the applicants for their impressive proposals. This city is truly blessed with outstanding cultural facilities. My administration remains committed to growing our creative sector, including expanding and strengthening our city-owned facilities,” the Mayor said.

Having served on the first executive committee overseeing implementation of the Better Denver Bond program in 2008, Mayor Hancock worked to recreate a fair and balanced proposal review process mirroring the initial process used to deliver quality bond projects throughout Denver.

A Cultural Facilities Steering Committee, comprised of public, private and nonprofit individuals, was convened to: administer the Notice and Request for Proposal, review submitted proposals, assess presentations of proposals and deliberate and evaluate the proposals.

The Steering Committee included:
  • Peggy Lehmann,  Councilwoman, Denver City Council
  • George Delaney,  Public Works COO, City and County of Denver
  • Dorothy Horrell,  President, Bonfils-Stanton Foundation
  • Gretchen Hollrah,  Deputy Chief Financial Officer, City and County of Denver
  • Stephanie Y. O’Malley, Deputy Chief of Staff, City and County of Denver
  • Maja Rosenquist, Vice President, Mortenson Construction
  • Jennifer Welborn, Assistant City Attorney, City and County of Denver

“What an impressive pool of proposals for these funds,” said Maja Rosenquist, Vice President of Mortenson Construction. “On behalf of the Steering Committee, I want to thank every one of the cultural facilities who applied and applaud their continued success. We were diligent in conducting a fair review process and I look forward to the thoughtful and focused impact these funds will have on Denver’s facilities.”

The scope of eligible applicants were required to:
  • Demonstrate that the project proposed is for a “Cultural Facility” within the context of the voter-approved 2007 ballot issue;
  • Demonstrate that it is a city owned facility;
  • Demonstrate that it may complete its proposed project within the time and financial constraints of the “Better Denver Bond Program”; and
  • Respond sufficiently to each question contained in the subject “Request for Proposals.”

Representatives from the Steering Committee briefed Denver City Council Government and Finance Committee about the RFP process in August. CLICK HERE to watch. Next, there will be a Denver City Council approval process to amend the existing companion ordinances for Questions G and H. Since 2007, this ordinance has undergone several amendments.

Posted on Oct 15, 2012 (Archive on Nov 15, 2012)
Posted by mikestrott  Contributed by mikestrott
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