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NON-PROFIT OF THE WEEK

Lompoc Theatre Project
updated: Jul 12, 2014, 10:00 AM

The Lompoc Theater Project is a registered non-profit for the community effort to restore the historic Lompoc Theater, to reopen as a performing arts and film center, educational and community hub, and focal point of a revitalized downtown Lompoc.

Our Vision:

Enhance Old Town Lompoc as a cultural center, generating economic benefits for the community.
Act as a multi-use venue for performers and patrons in the community.
Foster an environment that entertains, educates, and inspires.
Encourage the development and collaboration of community arts and educational organizations.
Serve persons of all ages, cultures, and economic backgrounds to explore their creative and artistic possibilities.
Preserve our heritage and honor our history.

About the Lompoc Theatre:

Built in 1927, the historic Lompoc Theater is legendary for its place in stage, music, and movie history. With its full stage and screen capabilities, orchestra pit, and amazing acoustics, the Lompoc Theatre is a versatile multi-use venue. From vaudeville to ballet, from symphonies to rock concerts, from vintage Hollywood classics to cutting-edge independent film, the Lompoc Theater has hosted it all.

Additional Information:

Members and directors of the Lompoc Theatre Project are thrilled to announce that the theater property entered escrow on May 12. The escrow process will likely take at least six months, and during it, we'll address the issues of property taxes, liens and insurance.

On May 6 of this year, the Lompoc City Council approved a Memorandum of Understanding (MoU) with the Lompoc Theatre Project, clearing the way for the nonprofit to gain title. The MoU details the steps and timeline by which the Lompoc Theatre Project will restore and re-open the historic theater.

The property — including the theater and commercial office space — is still owned by Lompoc Housing and Community Development Corporation (LHCDC). LHCDC purchased the theater building in 2006, but began shutting down its operations in 2011.

The escrow process between the Lompoc Theatre Project and LHCDC will provide for the resolution of liens, property insurance and unpaid property taxes.

“Getting the MOU approved and opening escrow is a huge step forward for us and the theater,” said LTP board member Mark Herrier.

“There will be many, many more steps to come, but without this one, no further progress would be possible. We are very excited and prepared to handle all that lies ahead of us,” he said.

The company engaged for the process is First American Title, located at 100 South H Street in Lompoc.

There is a brand new board, effective July 10:
Board president, Mark Herrier (new)
Secretary, Laurie Jervis
Treasurer, Ron Bock

Chairpersons of Committees (new):
Chairperson of Media Relations/Publicity: Laurie Jervis
Chairperson of Theatre Restoration and Operations: Mark Herrier
Co-chairpersons of Membership and Volunteers: Jack Carmean and Steve Stormoen

Lompoc Theatre Project is very eager to increase membership and are poised to kick off major fundraising efforts.

More regarding the liens againsts the theare:

During March and April 2006, the then Redevelopment Agency Board (Agency) and the (Lompoc) City Council approved two loans to the Lompoc Housing and Community Development Corporation (LHCDC). The agency loaned $250,0000, and the city loaned $225,000 from Community Development Block Grant (CDBG) funds to assist LHCDC with the acquisition of the historic Lompoc theater.

LHCDC purchased the Lompoc Theater property for $850,000 from the Calvert Family Trust on April 28, 2006.

The Agency's lien was recorded in first position, the city lien in second position, and the Calverts carried a lien in third position.

That lien, for $175,000, the Calvert Family Trust recently forgave, which is great.

On June 19, 2007, the RDA board approved an amendment to its existing $250,000 acquisition loan, adding an additional $450,000 for predevelopment costs for the theater project.

Thus, the total funding to the project from the Agency totaled $700,000.

Contact Information:

Lompoc Theatre Project Corporation
114 North H Street
Lompoc CA 93436
w: www.lompoctheatre.org
f: www.facebook.com/Lompoc.Theatre.Project
t: https://twitter.com/LompocTheatre
Voicemail: (805) 380-6777

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