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City advances Paramount operating arrangement; VenueWorks highlights local programming and staffing plan
Summary
City staff presented terms for a proposed AP3 LLC operating agreement for the Paramount Arts Center, including an initial $322,500 operating account funded from interest on a $25 million state appropriation, monthly reporting requirements, protections for incumbent hourly employees during a 60-day evaluation, and contract provisions to preserve community programming; VenueWorks representatives described plans to retain volunteers and local arts partnerships.
The Board considered details of a proposed operating agreement for the Paramount Arts Center on Dec. 11, advancing first-reading approval of an arrangement that would place operational control with AP3 LLC and a VenueWorks management subcontract.
City staff outlined financial mechanics: an operating account would be seeded with $322,500, described as approximately six months of operational pro forma expenses, funded from interest on a $25,000,000 state conference-center appropriation. Staff said departmental finance and the Department for Local Government had approved use of interest earnings for activities…
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