Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Michael P. Callagy, County Manager
Subject: Amendment to March 15, 2016, Agreement with the City of Half Moon Bay
RECOMMENDATION:
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Adopt a resolution authorizing an amendment to the March 15, 2016 Agreement with the City of Half Moon Bay to defer the City's repayment of funds for one year.
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BACKGROUND:
In 2004, the County entered into the First Restated Joint Powers Agreement relating to
Library Services (the "JPA Agreement"), which provided that in the event that the City of Half Moon Bay (the "City") decided to replace or significantly remodel and expand the Half Moon Bay Library (the "Library"), the County would contribute 50% of the costs associated with any such replacement or remodeling in recognition that approximately 50% of the population served by the Library comes from unincorporated areas.
On December 15, 2015, the City and County entered into an "Agreement Between City of Half Moon Bay and County of San Mateo for the Use of, and Contribution of Costs for, the Half Moon Bay Library Project" (the "Library Funding Agreement") under which the County agreed to contribute up to one half of the construction costs of a project to replace or significantly remodel and expand the then existing Half Moon Bay Library (the "Library Project"), which project was budgeted at approximately $12,000,000.
On March 15, 2016, in order to ensure timely completion of the Library Project, the County and City entered into an Agreement to Provide for an Advance of Funds to City by County for Construction of Half Moon Bay Library Project, which was approved by this Board via Resolution No. 074390 (the "Advance Agreement"), pursuant to which the County agreed to advance and make available funds in an amount not to exceed $6,000,000 to assist the City in ensuring prompt completion of the Library Project. The Advance Agreement provided terms fo...
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