Resolution authorizing the City Manager to submit a grant application for a Division of Cultural Affairs Cultural Facilities Grant in the amount up to $275,566, to assist in the purchase and installation of a high-quality audio system and related sound equipment for The Peabody Auditorium.  If the grant is awarded, then the acceptance will be brought back to the City Commission for approval.  The anticipated cost to install the equipment is $551,132 and this grant will provide for half this amount.  In order to apply for the grant, the state requires that the City affirms that 25% of the required match ($68,892) is available as cash on hand.  Funds available in the Capital Project City Manager General Fund Account. The application deadline per the state is June 1.

Recommendation: Cultural & Leisure Services Director recommends adoption of the Resolution.