Continue development and implementation of the Long-Term Financial Plan
AGENDA CAPTION:
Consider Action on a Resolution Approving an Agreement Between the Town of Addison and WaterTower Theatre, Inc. for the Use of the Addison Theatre Centre and Authorizing the City Manager to Execute the Agreement.
BACKGROUND:
WaterTower Theatre, Inc. has been the resident theatre company and the primary lessee of the space in the Addison Theatre Centre since 1996. The performing arts organization rents the administrative office and storage space from the Town and produces several shows within the performance spaces in the Addison Theatre Centre each year.
The Addison Theatre Centre License Agreement is the use agreement between WaterTower Theatre, Inc. and the Town of Addison. The Agreement includes the dates WaterTower Theatre has performance spaces reserved for their productions, the rental costs for each space and details on the use of the facility such as the maintenance of the facility, janitorial services, the spaces that are exclusively used by WaterTower Theatre and those spaces that are considered shared spaces.
This is a one-year Agreement with WaterTower Theatre, Inc. ending September 30, 2023.