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HomeMy WebLinkAboutACA Craig MundtArts & Cultural Alliance of St. Lucie, Inc. Commissioner Kim Johnson March 29, 2016 St. Lucie County Board of County Commissioners 2300 Virginia Avenue Ft. Pierce, FL 34982 Dear Colson, It is with regret I inform you that the Arts & Cultural Alliance of St. Lucie, Inc. (ACA) Board of Directors by unanimous vote has determined that in the best interest of all parties the organization shall be dissolved. The necessary paper work will be processed for a timely dissolution and take some time, but for practical purposes operations will cease March 31, 2016. There is a five year lease with the county for our premises at 2300 Virginia Avenue which is cancelled and returned to the county effective April 1, 2016. ACA was a project created at the behest of the BOCC in 2009, when its finances were being severely eroded, opting to close its Cultural Affairs Department, thus the task was undertaken by a group of local citizens. Unfortunately raising operating funds proved to be a daunting task and local support difficult to secure. The process of finding the right leadership to adopt the board's policies with a plan and execute same proved elusive while consuming time and dollars. Per the ACA's Bylaws as follows, the board has determined to return our residual funds to St. Lucie County for a public purpose which we hope will benefit the arts: ARTICLE THIRTEEN - Dissolution Upon dissolution of this corporation, assets shall be distributed for one or more exempt purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code, or corresponding section of any future Federal tax code, or shall be distributed to the Federal government, or to a state or local government for a public purpose. Remaining portions of grant funding shall be returned to the granting agency. The county commissioned an audit of ACA which found nothing financially amiss and contains many substantial errors. Their statement to County Administrator Tipton is enclosed with our personal and accounting firm's response in bold type. The Arts & Cultural Alliance thanks you; it has been our pleasure to have served. Regards for the board, Craig Mundt Chair RECEIVED MAR 3 0 2016 COMMISSIONER JOHNSON'$ OFFICE 2300 Virginia Ave. • Ft. Pierce, FL 34982 • 772.462.6412