The Art in Public Places Program allocation, as used in this Chapter, is the percentage of the development costs set aside for the city’s Art in Public Places Program and shall be an amount equal to 1% of the total building valuation for an applicable project, as defined in § 154.019, excluding land acquisition and off-site improvement costs (the “Art in Public Places Allocation”). The total building valuation shall consist of the dollar amount of all construction permits using the latest Building Valuation Data as set forth by the International Conference of Building Officials (ICBO) unless, in the opinion of the Building Official, a different valuation methodology is more appropriate for a particular project.
(A) In lieu of placement of an approved art work, the applicant may pay for deposit into the city Art Fund an amount equal to the Art in Public Places Program Allocation set forth in division (A), above. In lieu fees are due prior to the issuance of a building permit.
(B) Nothing in this section shall prohibit the applicant from placing an approved art work with acquisition and installation costs in an amount less than the Art in Public Places Program Allocation; provided, that the applicant shall also pay for deposit into the City Art Fund an amount equal to the difference between the Art in Public Places Program Allocation and the costs of acquisition and installation of such art work.
(Ord. 1245, passed 9-15-04)