A.  The Revenue Bureau’s first year start-up costs are capped at $500,000. Ongoing administrative costs are capped at an average 5 percent or less of Gross Revenues over a five year period.

B.  The City’s contract amendment with RACC will require RACC to:

1.  Limit any additional RACC arts education coordination costs incurred as a result of receiving funds to a maximum of 3 percent of Net Revenues;  

2.  Ensure that highly qualified persons will coordinate and work with the School Districts in the provision of high quality arts and/or music education; 

3.  Seek additional funds from other sources for arts education and access to supplement the goals of the Arts Education and Access Fund;

4.  Provide quality oversight to the programs of the School Districts as well as the expenditures made by RACC; and

5.  Coordinate between School Districts and arts organizations to ensure high quality arts education for Portland students.