JOLIET – The Rialto Square Theatre board this week approved a new agreement with the city of Joliet that requires reports on the quest for more funding sources for the theater.
The agreement lays out conditions for the city's annual contribution of $500,000 to the theater.
This year's agreement requires the Rialto to give the city manager quarterly updates on efforts to find other sources of outside funding beyond what Joliet provides.
Rialto Chairman Robert Filotto said Thursday that he and the board consider the additions to the agreement, which also require a capital plan for future Rialto maintenance and preservation, "as very positive."
"It gives us the opportunity to go before the city and openly discuss these issues," Filotto said. "Maybe they can open some doors that we can't open."
City Manager David Hales attended the Rialto board meeting on Wednesday in which the agreement was discussed and approved. The Joliet City Council approved the agreement last week.
The Rialto board plans to schedule a special workshop meeting in February to discuss efforts to find more sources of funding.
The board in July had a similar meeting in which board members decided to begin contacting officials with local governments to discuss the possibility of new funding sources, including the possibility of a Rialto tax, for the theater. No new funding has been announced since then.
Also at the meeting, Filotto read a proclamation honoring Finance Director Dale Evans, who is retiring on Jan. 31 after working at the Rialto for 36 years.