The Arts Center of North Texas Board of Directors stated that utilizing this strategy, the arts project would operate as a traditional non-profit versus a quasi-governmental/non-profit entity, bringing more efficiency to the organization. This recommendation is subject to the unanimous approval of the three “Owner Cities.”
The Arts Center of North Texas Board of Directors unanimously approved the direction of the organization that would preserve the long-term vision of the regional performing arts hall and art park project and the significant assets designated for that purpose.
The Board, comprised of representatives appointed by the Owner Cities of Allen, Frisco and Plano and at-large members, decided to recommend to the Owner Cities to “spin off” the organization as an independent 501(c)(3) non-profit.
Bob Baggett, president of the ACNT board of directors, said, “We are grateful to the board of directors for their thoughtful deliberation in reaching this decision. The multi-city board is in unanimous consensus to preserve the long-term vision of the regional performing arts center project. Today’s vote to spin off as an independent 501(c) (3) non-profit demonstrates the support and commitment that exists for this project which is expected to generate an economic impact of $25 million annually to the region.
Baggett said, “The performing arts hall and park is still an important contribution to the cultural and economic development of the area. With $30 million of assets donated and committed from the private sector, and $8 million invested by the ‘Owner Cities’ in capital expenditures, pre-construction architecture and design, we believe that as the economy improves this is a significant opportunity to approach with a long-term view.
Baggett said, “Our current site is an unprecedented and ideal backdrop for a significant regional gathering place to serve the population center of Collin County. Hundreds of donors, businesses and volunteers who are advocates for the arts will be able to continue their work towards making this project a reality. In the meantime, we will operate on a bare-bones budget.”
The Arts Center of North Texas began its fiscal year October 1, 2011 with a six month business plan to determine the feasibility of replacing the City of Frisco’s capital investment and O&M commitments. It is operating without financial support from the “Owner Cities.” After careful review by the Board of Directors of the efforts by staff and supporters over the last five months, it was determined the organization could not replace the City of Frisco’s commitment nor function without it as well as overcome the challenges facing fund-raising.
In order to preserve the capital assets of the project, the Board evaluated three options that were presented as outlined in the 2012 Business Plan that was adopted by the Board of Directors in June 2011. The three options were: spin off to a private non-profit, on hiatus with all activity but maintain the organization structure or dissolution.
After an extensive executive session, it was decided to adopt a resolution to the reorganization and “spin off” as an independent 501(c) (3) non-profit organization for the purpose of constructing and operating a performing arts center. The motion to adopt the resolution for the re-organization and spin off was made by Plano representative, Betty Muns and seconded by at-large member, Bill Shaddock.
THE SMALL PRINT …
The resolution no. 65-2-12 states:
WHEREAS, the Arts Center of North Texas is organized for the purpose of aiding, assisting, and acting on behalf of the cities of Allen, Frisco and Plano, Texas, by financing, constructing, owning, furnishing, managing and operating performing and visual cultural arts facilities; and,
WHEREAS, it is the desire of the Arts Center of North Texas to keep the regional vision of a performing arts facility in place, reorganize the entity to operate more effectively and to build and operate a performing arts center; and,
WHEREAS, the Arts Center of North Texas desires to preserve the significant assets donated by the communities and honor the many dedicated donors, volunteers and supporters of the project by pursuing the vision of a state of the art regional performing arts center ; and,
WHEREAS, it is the intent of the Arts Center of North Texas to accomplish this goal by reorganizing as an independent 501(c)(3) non-profit organization to position the organization to effectively promote a public/private partnership for the purpose of constructing, owning and operating a performing arts center; and,
WHEREAS, the Arts Center of North Texas is currently a Texas local government corporation, jointly owned and governed by a multi- party Interlocal Agreement between the cities of Allen, Frisco and Plano, Texas.
NOW, THEREFORE, BE IT RESOLVED BY THE ARTS CENTER OF NORTH TEXAS, THAT:
SECTION 1. The Arts Center of North Texas hereby recommends to the cities of Allen, Frisco and Plano, that the organization transition and reorganize as a separate independent 501(c) (3) non-profit organization.
SECTION 2. The Arts Center of North Texas also recommends that the assets of the organization remain with the reorganized entity; including all donations, land, and intellectual material, including drawings and plans, to be used to implement the continuing vision of constructing, owning and operating a performing arts center.
SECTION 3. This Resolution shall be effective immediately upon its passage.
The Board of Directors has recommended to the Owner and Member Cities that each takes concurrent action to accomplish the recommended plan. In addition to the resolution, Mary Grube was named interim executive director. Additional information regarding the resolution will be released after each Owner City has taken action.
About The Arts Center of North Texas
The Arts Center of North Texas (formerly the Arts of Collin County) is a nationally recognized, innovative, public-private partnership to develop a 100-plus acre arts park.
Co-owned by the cities of Allen, Frisco and Plano, with operational support by member cities, Fairview and Melissa, the development of the arts park is supported with public bond monies, Collin County Open Space Enhancement funds, and additional financial support from private individuals, corporations and foundations.
Located half mile east of Custer Road on the Sam Rayburn Tollway (Hwy 121), the arts park will be completed in phases, with a 2,100-seat performing arts hall, performance meadow, and hike and bike trails included in Phase One. To learn more, visit the www.artscenterofnorthtexas.org or call 214-495-5810.