Memo- HCA Capital Fundraising
. I Office of the City Manager J
Memorandum
To: Honorable Mayor and Members of the City Council
From: Steven C. Mielke, City Manager
Date: February 5, 1999
Subject: HCA Capital Fundraising
Fundraising efforts have been continuing, to retire the arts center construction debt.
Fundraising for the center construction was set at $985,000. At the opening of the
facility a balance remained of $260,000. As of today, we have received commitments
for another $127,500, leaving a debt of $132,000 to be raised. At the work session
staff hopes to discuss this issue with the Council, and to contemplate options for further
. reducing and completing this fundraising effort.
mayorcchcafundrais
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