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2015-29045 Reso RESOLUTION NO. 2015-29045 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING RESOLUTION NO. 2014-28732 BY CHANGING THE AMOUNT OF THE CULTURAL ARTS COUNCIL ANNUAL FUND BALANCE CAP FROM$2,640,184 TO$2,467,000 TO CORRECT A SCRIVENER'S ERROR. WHEREAS, the Mayor and Commission unanimously approved Resolution No. 2014-28732 on September 10, 2014, accepting the recommendation of the Finance and Citywide Projects Committee to adopt the updated Cultural Affairs Strategic Plan, including an increase in the number of Community Benefit Fund rental waivers and capping the annual Cultural Arts Council fund balance at $2,640,184, but providing for an annual increase for inflation; and WHEREAS, due to a scrivener's error the actual amount of the fund balance was $2,467,000. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby adopt the amendment to Resolution No. 2014-28732, correcting the amount of the annual fund balance cap to $2,467,000. PASSED and ADOPTED THIS /0 day of J(4n& 2015. ATTEST: ," jai , , ��' 1`\ I'1,B ' , ', ;r 11 f� ¢ f CITY CLERK 3 = %' A,-YOR • � ..._ * i % :fir t* ' NCORP ORTED=:1 APPROVED AS TO FORM&LANGUAGE &FOR EXECUTION 5 Z-'11.5 City Attorney Date J LM/KGB/MAS/G F T:\AGENDA\2015\June\TCED\CAC Fund Balance Amendment RESO.doc COMMISSION ITEM SUMMARY Condensed Title: A Resolution Amending Resolution No.2014-28732 By Changing The Amount Of The Cultural Arts Council's Annual Fund Balance Cap From $2,640,184 To$2,467,000 To Correct A Scrivener's Error. Key Intended Outcome Supported: Maximize the Miami Beach Brand as a World Class Destination. Supporting Data(Surveys,Environmental Scan,etc.):Two out of three residents(65%)believed the City offered the right amount of cultural activities,while 30%said there were too few.The percentage of residents who believe there are too few cultural activities has increased from 24% in 2009 to 30% in 2014. Item Summary/Recommendation: The Mayor and Commission unanimously approved Resolution No. 2014-28732 on September 10, 2014, accepting the recommendation of the Finance and Citywide Projects Committee to adopt the updated Cultural Affairs Strategic Plan, including an increase in the number of Community Benefit Fund rental waivers and capping the annual Cultural Arts Council fund balance at$2,640,184, but providing for an annual increase for inflation. Due to a scrivener's error the actual amount of the fund balance should have been $2,467,000. It is recommended that the City Commission amend the Resolution as indicated. Advisory Board Recommendation: The Cultural Arts Council approved the strategic plan at its meeting on March 6, 2014. Financial Information: • Source of Amount Account Approved Funds: 1 2 3 4 OBPI Total Financial Impact Summary: N/A City Clerk's Office Legislative Tracking: Si•n-Offs: epart f ent Director Assistant 'ty Manager ity Manager prf JLM/KGB/MAS/GF T:\AGENDA\2015\June\TCED\CAC Fund Balance Amendment SUMM.doc Agenda Item C 7/1/ Date b-10-!S- MIAMIBEACH City of Miami Beach, 1700 Convention Center Drive,Miami Beach, Florida 33139,www.miamibeachfl.gov COMMISSION MEMORANDUM TO: Mayor Philip Levine and Members f the City C.mmission FROM: Jimmy L. Morales, City Manager DATE: June 10, 2015 SUBJECT: A RESOLUTION OF THE MAYOR ND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING RESOLUTION NO. 22014-28732 BY CHANGING THE AMOUNT OF THE CULTURAL ARTS COUNCIL ANNUAL FUND BALANCE CAP FROM $2,640,184 TO $2,467,000 TO CORRECT A SCRIVENER'S ERROR. ADMINISTRATION RECOMMENDATION Adopt the Resolution. FUNDING The Cultural Affairs Program is funded by interest earned from the Miami Beach Convention Center Capital Fund, the GMCVB (per contract), Resort Taxes and Quality of Life funds. ANALYSIS On September 10, 2014,the Mayor and City Commission unanimously adopted Resolution No. 2014-28732, approving the updated Cultural Affairs Strategic Plan (the Plan).The Plan included capping the Cultural Arts Council's annual fund balance at its then-current level of $2,640,184, but allowing for an annual increase for inflation, and transferring any excess funds each year to the Cultural Arts Council's grants budget for the following year. Due to a scrivener's error, the correct amount of the fund balance should have been $2,467,000. A copy of Resolution No. 2104-28732 and accompanying Summary and Memorandum is attached as Exhibit "A". CONCLUSION The Administration recommends the Mayor and City Commission adopt the amendment to Resolution No. 2014-28732, correcting the amount of the Cultural Arts Council's fund balance cap from $2,640,184 to $2,467,000. JLM/KGB/ GF T:WGENDA\21 7 u -\TCED\CAC Fund Balance Amendment MEMO.doc RESOLUTION NO. 2014-28732 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATIONS OF THE .. FINANCE AND CITYWIDE PROJECTS COMMITTEE TO ADOPT THE UPDATED CULTURAL AFFAIRS STRATEGIC PLAN, INCLUDING AN INCREASE IN THE NUMBER OF COMMUNITY BENEFIT FUND RENT WAIVERS AND THE CAPPING OF THE ANNUAL FUND BALANCE AT ITS CURRENT LEVEL OF$2,640,184,BUT PROVIDING FOR AN ANNUAL INCREASE FOR INFLATION, AND DIRECTING THE CITY ADMINISTRATION NOT TO UTILIZE THE CULTURAL ARTS COUNCIL ENDOWMENT FUND TO FUND SLEEPLESS NIGHT. WHEREAS, the Miami Beach Cultural Arts Council (CAC) was established by the Mayor and City Commission on March 5, 1997; and WHEREAS, the mission of the CAC is to develop, coordinate, and promote the visual and performing arts in the City of Miami Beach for the enjoyment, education, cultural enrichment, and benefit of the residents of, and visitors to, the City of Miami Beach; and WHEREAS, the Mayor and City Commission adopted the Cultural Affairs Strategic Plan on June 3, 1998, identifying the following program areas for the CAC: cultural arts grants; marketing;facilities; advocacy and planning; and revenue development; and WHEREAS, the CAC unanimously adopted an updated Cultural Affairs Strategic Plan at its March 6, 2014 meeting which is attached hereto and incorporated herein;and WHEREAS, the Finance and Citywide Projects Committee reviewed the updated Cultural Affairs Strategic Plan on May 20, July 18, and August 13, 2014, and recommended an increase in the number of Community Benefit Fund rent waivers and the capping of the annual fund balance at its current level of $2,640,184, with an annual increase for inflation based upon the Consumer Price Index, but recommended against utilizing the CAC Endowment Fund to fund Sleepless Night. NOW,THEREFORE,BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby adopt the updated Cultural Affairs Strategic Plan, including an increase in the number of Community Benefit Fund rent waivers and the capping of the annual fund balance at its current level of$2,640,184, but providing for an annual increase for inflation, and directing the City Administration not to utilize the CAC Endowment Fund to fund Sleepless Night. PASSED and ADOPTED THIS /D day of SP,o i'Y16er- 2014. 1%. ATTEST: Rafael E. Grana, '.CLER Ng Philip Lev' :..INCORP ORATED;T • i T:IAGENDA12014c,`�"tr3' er1TG ..! Strat• �/-;1 n FCWPC Recommendation RESO.docx APPROVED AS TO •. FORM&LANGUAGE V� , •• • TM Np$' &FOR EXECUTION .(- 1 (3( (4- City Attorney Dote COMMISSION ITEM SUMMARY Condensed Title: A resolution of the Mayor and City Commission of the City of Miami Beach, Florida, adopting the updated Cultural Affairs Program strategic plan, including modifications to the Community Benefit Fund rent waiver program and the capping of the fund balance, but not including the release of CAC Endowment funds. Key Intended Outcome Supported: Maximize the Miami Beach Brand as a World Class Destination. Supporting Data (Surveys, Environmental Scan, etc.): Two out of three residents (65%) believed the City offered the right amount of cultural activities, while 30%said there were too few. The percentage of residents who believe there are too few cultural activities has increased from 24% in 2009 to 30% in 2014. Item Summary/Recommendation: The FCWP Committee recommended that the Administration cap the Cultural Affairs Program's fund balance at its current level of $2,640,184 and include an annual increase for inflation. If necessary these funds could adequately cover the expenses of the Cultural Affairs Program for two years. Funds remaining in the CAP budget at the end of each fiscal year would be added to the CAC's grant budget for the following. fiscal year. The Committee also approved changes to the Fillmore Community Benefit Fund rent waiver program, including a requirement that rent waiver recipients be required to offer free or discounted tickets to Miami Beach residents. The number of rent waivers available annually would increase from 12 to 24, with the additional 12 waivers restricted to live theater productions. Waivers for use of the smaller 'Backstage" theater would require recipients to cap ticket prices at $19, inclusive of all house and Ticketmaster surcharges. The Committee did not approve the CAC's request to release the CAC Endowment Fund to support three annual Sleepless Night events. It is recommended that the City Commission adopt the strategic plan as indicated. Advisory Board Recommendation: I The Cultural Arts Council approved the proposed strategic plan draft on March 6, 2014. Financial Information: Source of Amount Account Approved Funds: 1 2 3 4 OBPI Total Financial Impact Summary: City Clerk's Office Legislative Tracking: Max A. Sklar, Ext. 6116 Sign-Offs: De artm- t Director Assistant C' Manager City Manager T:WGENDA120141September\TCED1CAP Strategic Plan FCWPC Recommendation SUMM.docx Var M \IVI DEATH AGENDA ITEM C 7W I DATE 9-he)--/v MIAMIBEACH City of Miami Beach, 1700 Convention Center Drive,Miami Beach,Florida 33139,www.miamibeachH.gov COMMISSION MEMORANDUM TO: Mayor Philip Levine and Members of he City Corn ssion FROM: Jimmy L. Morales, City Manager DATE: September 10, 2014 SUBJECT: A RESOLUTION OF THE MAYOR D CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AC EPTING THE RECOMMENDATIONS OF THE FINANCE AND CITYWIDE PROJECTS COMMITTEE TO ADOPT AN UPDATED STRATEGIC PLAN FOR THE CULTURAL AFFAIRS PROGRAM, INCLUDING AN INCREASE IN THE NUMBER OF COMMUNITY BENEFIT FUND RENT WAIVERS AND THE CAPPING OF THE ANNUAL FUND BALANCE AT $2,640,184 WITH AN ANNUAL INCREASE FOR INFLATION, BUT NOT INCLUDING UTILIZING THE CULTURAL ARTS COUNCIL ENDOWMENT FUND TO FUND SLEEPLESS NIGHT. ADMINISTRATION RECOMMENDATION Adopt the Resolution. FUNDING The Cultural Affairs Program is funded by interest earned from the Miami Beach Convention Center Capital Fund, the GMCVB (per contract), Resort Taxes and Quality of Life funds. ANALYSIS The Cultural Affairs Program (CAP) in the Department of Tourism, Culture and Economic Development serves as an invaluable resource for the Miami Beach community and beyond. Working closely with the Miami Beach Cultural Arts Council (CAC), the 11-member advisory board founded in 1997, CAP sustains, develops and supports the arts in Miami Beach for the enjoyment, education, enrichment and benefit of residents and visitors. Since 1997 the City has awarded more than $10 million to approximately 130 nonprofit arts groups through its annual cultural grants program. Further, CAP partners with the Miami Beach Visitor and Convention Authority to award grants to projects that generate substantial cultural tourism. CAP also provides active marketing assistance to individual cultural events and institutions, and markets Miami Beach as a cultural destination; supplementary arts education programs (since 2006) in Miami Beach schools and parks, serving more than 3,000 students annually; oversight of City-owned cultural facilities; and free outdoor arts programming through Arts in the Parks (since 2006), Sleepless Night (2007, 2009 and 2011) and SoundScape Cinema Series (since 2011). CAP staff met with the CAC Budget Committee on October 15, 2013 to formulate strategies and goals for a new strategic plan. The Committee's proposals were discussed by the CAC at its meetings on November 7 and December 12, 2013, and FCWPC Recommendation—CAC Strategic Plan Update City Commission Meeting September 10, 2014 Page 2 of 6 This item was discussed at the May 20, 2014 Finance and Citywide Projects Committee meeting and the staff was directed to provide more detail at the July meeting. Discussion continued at the July 18, 2014 meeting, where it was recommended that the CAC Endowment use be scaled back to one event and brought back to the FCWPC Budget Briefing meeting on August 15, 2014. • Two other recommendations from the CAC were approved by the FCWP Committee on July 18t • The Committee recommended that the Administration cap the Cultural Affairs Program's fund balance at its current level of$2,640,184 and include an annual increase for inflation. If necessary these funds could adequately cover the expenses of the Cultural Affairs Program for two years. Funds remaining in the CAP budget at the end of each fiscal year would be added to the CAC's grant budget for the following fiscal year. The Committee also approved changes to the Fillmore Community Benefit Fund rent waiver program, including a requirement that rent waiver recipients be required to offer free or discounted tickets to Miami Beach residents. The number of rent waivers available annually would increase from 12 to 24, with the additional 12 waivers restricted to live theater productions. Waivers for use of the smaller 'Backstage" theater would require recipients to cap ticket prices at $19, inclusive of all house and Ticketmaster surcharges. Discussion continued at the FCWPC Budget Briefing on August 13, 2014, at which time the Committee recommended against releasing the Cultural Arts Council Endowment Fund to support three annual Sleepless Night events. Staff was directed to consult further with the Cultural Arts Council to recommend other proposed uses for the Endowment Fund. CONCLUSION The Mayor and City Commission should adopt the Cultural Affairs Program Strategic Plan, including the increase in Community Benefit Fund rent waivers and the capping of the annual fund balance, but not including the release of the CAC Endowment Fund. JLM/KGB/MAS/GF F:11NFO1$ALL\Gary F\Commission Docs1CAP Strategic Plan Memo,Reso and Summary.doc FCWPC Recommendation—CAC Strategic Plan Update City Commission Meeting September 10, 2014 Page 3 of 6 Exhibit"A" Cultural Affairs Program Strategic Plan draft To ensure that the needs and aspirations of the community are met moving into the future, CAP would concentrate on four areas: • Variety of cultural activities, opportunities and facilities • Growth of citizen participation, particularly among underserved and special needs populations • Partnership development • Value for all ages and ethnicities Since funding is key, CAP staff will work to increase grant funding and to identify new revenue streams, both from within the City (dedicated Quality of Life funding, Community Benefit Fund, Art in Public Places Fund) and without. CAP's current annual budget is $1,153,000, funded by the Greater Miami Convention and Visitors Bureau (per contract), Resort Taxes and Quality of Life funds. CAP currently has two restricted funds: a CAC endowment fund of $1,581,873, and a CAP Fund Balance in the amount of$2,640,184. The endowment fund was created by the CAC in an optimistic attempt to become self-sufficient, but no contributions to it have been made in several years. The Fund Balance serves as a "rainy day" fund to ensure that CAP operations and grants can continue in the event of a disastrous tourism year; it grows at the end of each fiscal year from leftover balances in CAP budget line items (unclaimed grants, excess marketing dollars, etc.) Revenue sources from outside the City could include corporate sponsorships and grants from government and private granting agencies and foundations. PROPOSED STRATEGIES AND GOALS Grants • Increase funding for our existing cultural assets, particularly our Cultural Anchors • Based on the success of the Byron bonus, North Beach Initiative, and Fresh Air Fund programs, craft further proactive grant programs to fulfill specific cultural needs (live theater for example), reach targeted age groups and ethnicities, and provide free programming in various parts of the City Marketing • Expand social media marketing efforts • Continue to refine mbculture.com website and mobile website • Continue paid marketing efforts to direct people to websites and to promote subscriptions to the weekly a-blast and the text messaging services • Reinstate Sleepless Night or a similar large-scale, major, annual, City-funded cultural festival that attracts global attention • Facilitate enhanced partnership with the hospitality industry Education • Expand in-school and after-school arts instruction at City schools, parks and youth centers through additional funding and/or corporate partnerships • Facilitate.hands-on arts instruction programs for resident adults FCWPC Recommendation—CAC Strategic Plan Update City Commission Meeting September 10, 2014 Page 4 of 6 Cultural Facilities • Continue to facilitate the relationship between the City and the Friends of the Bass Museum • Propose expanded use agreement for Carl Fisher Clubhouse and Little Stage Theater to allow for more diverse cultural offerings for the community • Manage the Community Benefit Fund Rent Waiver Grants program for the Fillmore • Manage the SoundScape Wall Use Grants program • Facilitate a "youth only" exhibition and performance space • Encourage the city to set aside 20% of retail space in city garages for nonprofit arts uses Arts in the Parks • Expand offerings of live outdoor performances citywide • Increase SoundScape Cinema Series screenings and digital art projections • Promote local, resident-driven events and festivals to coincide with the residencies of major international trade shows for music, visual arts, etc Additional Services • Create a detailed, user-friendly manual to guide cultural providers through City processes, especially the Special Events Permit process • Create an up-to-date cultural asset inventory, including both permanent venues and appropriate temporary performance/exhibition locations • Maintain a Cultural Tourism calendar in cooperation with the GMCVB and MBVCA • Arrange with outside providers to create affordable equipment rental packages to transform indoor and outdoor spaces for performers FUNDING As previously mentioned a substantial amount of existing funding could be made available to CAP to realize these goals and strategies and strengthen Miami Beach's position as the preeminent cultural tourism destination in Florida. ENDOWMENT The original CAC created an endowment fund in 1998 with the thought that it would eventually grow large enough to provide enough income to fund the annual cultural grants program. From 1998 through 2001 the CAC contributed $200,000 annually. In 2002 $160,000 was contributed. The following year, due to decreased revenues from resort tax, no contribution was made. $50,000 was contributed in 2004, and $100,000 in • both 2005 and 2006. Since that time no further contributions have been made, despite a significant increase in Resort Tax Quality of Life funding, since the CAC and the Administration agreed that greater public benefit would result from utilizing all available • funds for grants and other cultural programming. The current balance of the endowment fund is $1,581,873. CAC feels that it is highly unlikely that this fund could ever grow large enough to provide a useful source of income, and proposes liquidating the endowment over a three-year period to cover increased programmatic expenses for Sleepless Night and other free outdoor programs. Unforeseen future expenses or reduction in Quality of Life funding would be covered by the Fund Balance. FUND BALANCE FCWPC Recommendation-CAC Strategic Plan Update City Commission Meeting September 10, 2014 Page 5 of 6 The current CAP Fund Balance stands at $2,640,184. The CAC proposes capping the Fund Balance at this amount, which if necessary could adequately cover the expenses of the Cultural Affairs Program for two years. Funds remaining at the end of each fiscal year should be added to the CAC's grants budget for the following year. DEDI CA TED FUNDING One-half of one percent of Resort Tax collection accounts for Quality of Life funding. Originally divided into three parts (South Beach, Middle Beach and North Beach,) CAP was added as a fourth recipient in 2004. Last year a fifth recipient (the North Beach circulator) was added, with the stipulation that CAP funding would be frozen at current levels until the other four recipients reach equal funding. The CAC respectfully requests that the Mayor and Commission honor this ongoing commitment to arts funding and not allow further dilution of the Quality of Life funds. COMMUNITY BENEFIT FUND The Community Benefit Fund at the Jackie Gleason Theater was established by Resolution No. 83-17447 to provide discounted show tickets to senior citizen and student residents. It is funded by a $1.50 surcharge on each ticket sold. The fund's purpose was further defined by Resolution No. 92-20454 to "present and promote performances, programs, shows and entertainment at reduced prices or free admission for the residents of Miami Beach." Resolution No. 98-22762 created the Community Benefit Fund Rent Waiver program, which pays the operator for theater rental fee waivers for up to twelve non-profit organizations per calendar year. Management of the rent waiver program was transferred from the Convention Center Advisory Board to the Miami Beach Cultural Arts Council (CAC) in 2009. The CAC is proposing a new requirement that all future rent waiver recipients be required to offer free or discounted tickets to Miami Beach residents. At this writing the balance.in the Community Benefit Fund is $746,822. Funds are currently used only for the discount ticket program and to pay the operator for the twelve rent waivers available each calendar year. The fund nets between $38,000 and $108,000 annually after the rent waiver and discount ticket program costs are deducted. The CAC is proposing to utilize the fund for greater community benefit by increasing the number of annual rental fee waivers from 12 to 24. This would allow the fund to continue to grow while meeting its other obligations, since the maximum cost of the • additional waivers would be $36,000. The CAC feels strongly that the additional 12 waivers are necessary for the CAC to realize its initiative to increase live theater offerings in Miami Beach. The Colony Theatre is both too large and too expensive for most of South Florida's theater groups, and it has suffered a decrease in bookings as new alternative and more affordable venues have opened on the mainland. The Fillmore's new "backstage" performance space, which seats 204 persons, is an ideal size for local theater groups, and the CAC is proposing a new targeted pilot grant program to begin in Fall 2014 which, in tandem with the rental fee waiver program, would enable theater groups (and cabaret and spoken word artists) to rehearse and present their shows at no cost for the theater, sound and lighting equipment and technicians. Ticket prices, including all house and Ticketmaster surcharges, would be capped at $19. Waivers would continue to be available for the main theater as well, but the 12 additional waivers would be restricted for use with this new targeted live theater grant program. All rental fee waiver recipients would be required to offer free or discounted tickets to Miami Beach residents. FCWPC Recommendation-CAC Strategic Plan Update City Commission Meeting September 10,2014 Page 6 of 6 Opening Surcharge Interest Ending Fiscal Year Balance Revenue Earned Grants Paid Balance FY 07/08 $188,666 $107,558 $8,373 ($7,799.00) $296,797 FY 08/09 $296,797 $50,879 $9,621 ($13,002.50) $344,295 FY 09/10 $344,295 $95,264 $6,899 ($28,400.00) $418,057 FY 10/11 $418,057 $88,757 $5,427 ($26,200.00) $486,042 FY 11/12 $486,042 $125,276 $4,793 ($23,400.00) $592,710 FY 12/13 $592,710 $102,409 $4,195 ($40,400.00) $658,914 FY 13/14 $658,914 $108,988 $2,121 ($23,200.00) $746,822 FY 14/15 Projected $746,822 $97,018 $5,919 ($72,000.00) $777,759 FY 15/16 Projected $777,759 $97,018 $5,919 ($72,000.00) $808,696 SLEEPLESS NIGHT The CAC believes that it is essential for the City to present a major annual citywide cultural festival to maintain its position as an international cultural destination. CAC members unanimously endorsed the return of an annual Sleepless Night, building on the existing substantial international recognition of the brand. Seed funding could derive from liquidation of the CAC endowment, with additional funding from sponsorships and grants. SLEEPLESS NIGHT was initiated in 2007 by the CAC as a way to focus the cultural spotlight on Miami Beach after the cancellation of the annual "Invitation to the Arts" at the Gleason. It was more than just the cultural takeover of Miami Beach, with 150 free arts and entertainment offerings at 80 different locations spread throughout the city and the 13-hour night that marks the end of Daylight Savings Time. It was in fact an enormous and successful intersection of community and culture that crossed all barriers of age, race, taste, economics and education. Its free programming was designed to appeal to every segment of our diverse population, providing a unique opportunity to create community through the universality of shared arts experiences. At the first Sleepless Night (November 3, 2007) an instant and enthusiastic community of 100,000 people enjoyed arts and entertainment offerings both familiar and new. The second Sleepless Night (November 7, 2009,) made possible by funding from the Knight Arts Challenge, drew more than 130,000 residents and visitors for free museum admissions, indoor and outdoor art installations and performances, street spectacle, music, dance, theater, comedy, circus and more, all connected by free shuttle buses with onboard arts programming. Sleepless Night is huge and inclusive: in one night it draws more than twice as many people as Art Basel Miami Beach or the South Beach Wine & Food Festival, and its residual effects for both artists and audiences are lasting. It sends the positive message that Art Matters to our residents, visitors and businesses. The 2009 event received nearly a billion media impressions and attracted artist inquiries from across the U.S., Europe, Canada and South America. The 2011 Sleepless Night, again with major Knight Foundation and National Endowment for the Arts funding, received similar local praise and international media coverage, including a feature in Travel &Leisure magazine and a segment on Good Morning America. The CAC firmly believes that Sleepless Night has the potential to be as significant as any of the international Nuit Blanche events if it can be held on an annual basis to maintain the marketing and sponsorship momentum necessary for it to continue to grow. And for residents the incorporation into the event of the new and existing circulator buses will allow even greater neighborhood reach citywide.