Title
Chief Administrative Office recommending the Board consider the following in regards to the creation of a committee to identify funding sources and mechanisms to finance and prioritize improvements, renovations, replacement, and/or acquisition of county facilities and property.
1) Adopt and authorize the Chair to sign Resolution 120-2014 establishing the Facilities Finance Team Committee;
2) Select and appoint Supervisors Veerkamp and Mikulaco to serve on said Committee;
3) Direct the newly created Facilities Finance Team Committee to make the Sheriff's Administration Facility a top priority; and
4) Provide other direction to staff as the Board deems appropriate.
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Fiscal Impact/Net County Cost:
There is no fiscal impact or Net County Cost associated with this item. The committee will analyze various financing mechanisms available to the County and provide the potential fiscal impacts to the Board where appropriate.
Reason for Recommendation:
At the July 29, 2014 Board of Supervisor's meeting the Board received a presentation regarding operational costs and financing options as related to the new Sheriff's Facility. This presentation included financing options and the associated potential effects of each option, along with the potential impact on project delivery timelines and construction costs. After much discussion the Board determined that an overall strategy needed to be in place to address the many facets associated with financing Countywide facility and property improvements, renovations and purchases. Subsequently the Board directed staff to bring back a resolution at the August 5, 2014 Board meeting creating a "Facilities Financing Team Committee" (Committee) to advise the Board on the various available financing mechanisms to the County, along with the impacts associated with each impact. As such, the attached Resolution (Attachment 2A) has been provided for Board consideration in creating the Committee.
Clerk of the Board Follow Up Action(s):
Clerk of the Board to obtain the Chair's signature on one (1) copy of the Resolution
Contact:
Terri Daly, Chief Administrative Officer
Chief Administrative Office