The Oak Ridge City Council on Thursday will consider whether to approve up to $75,000 in funding for expenses associated with the 2017 Secret City Festival.
The money would allow Celebrate Oak Ridge, the new nonprofit organization responsible for the festival, to pay expenses for this year’s festival, which started Friday, June 2, and ended Saturday, June 10.
The city has previously provided $50,000 in start-up funding for the new organization. That funding was considered in December.
On June 6, Celebrate Oak Ridge, an organization run by volunteers, requested additional funding from City Manager Mark Watson to “timely meet contractual obligations associated with the festival, including entertainment costs and other vendors fees,” according to a resolution that City Council members will consider Thursday.
“Celebrate Oak Ridge does not have sufficient capital reserves to meet their contractual obligations during the final week of the festival, which would impact this and potentially future events,” the resolution said. [Read more…]