Grants and Sponsorship - Accommodation Grant Program - Support for Asian Australian Artists Association Incorporated (4A Centre for Contemporary Asian Art) and Australian Design Centre
PDF 102 KBDecision Maker: Council
Decision status: Recommendations Determined
Decision:
It is resolved that:
(A) Council
approves a new subsidy and grant level for Accommodation Grant Program tenant
Asian Australian Artists Association Incorporated for Level 1 and Shop 3 The
Corporation Building, 181-187 Hay Street, Haymarket for the remaining years of
the current lease on the following rental subsidy:
|
|
Market Rental Value |
Rental Subsidy |
Rental Subsidy Value |
Rent Payable |
|
Pro rata Year
4 01/09/2024 –
30/6/2025 (303 days) |
$249,456 |
100% (current
subsidy amount 97%) |
$249,456 |
$0 |
|
Year 5 2025-26 |
$309,515 |
100% (current
subsidy amount 97%) |
$309,515 |
$0 |
(B) Council
approves a new subsidy and grant level for Accommodation Grant Program tenant
Asian Australian Artists Association Incorporated for Shop 2, Ground Floor, The
Corporation Building, 181-187 Hay Street, Haymarket for the remaining years of
the current lease on the following rental subsidy:
|
|
Market Rental Value |
Rental Subsidy |
Rental Subsidy Value |
Rent Payable |
|
Year 2 2024-25 |
$66,538 |
100% (current
subsidy amount 97%) |
$66,538 |
$0 |
|
Year 3 2025-26 |
$68,534 |
100% (current
subsidy amount 97%) |
$68,534 |
$0 |
|
Year 4 2026-27 |
$70,590 |
100% (current
subsidy amount 97%) |
$70,590 |
$0 |
|
Year 5 2027-28 |
$72,708 |
100% (current
subsidy amount 97%) |
$72,708 |
$0 |
(C)
Council approve an increase in rental subsidy to
Accommodation Grant Program tenant Australian Design Centre for 101-111 and
113-115 William Street, Darlinghurst for the remaining years of the current
lease on the following rental subsidy:
|
|
Market
Rental Value |
Rental
Subsidy |
Rental
Subsidy Value |
Rent
Payable |
|
Pro rata Year
4 01/09/2024 -
22/3/2025 (203 days) |
$175,271 |
100% (current
subsidy amount 93%) |
$175,271 |
$0 |
|
Year 5 2025-26 |
$324,597 |
100% (current
subsidy amount 90%) |
$324,597 |
$0 |
Carried unanimously.
S046367
Report author: Michele Freeman
Publication date: 19/08/2024
Date of decision: 19/08/2024
Decided at meeting: 19/08/2024 - Council
Accompanying Documents: