Title
Chief Administrative Officer recommending her signature be ratified on a Memorandum of Understanding with the El Dorado County Fair Association to fund improvements to the Mark D. Forni building at the El Dorado County Fairgrounds.
RECOMMENDED ACTION: Approve.
FUNDING: Fiscal year 2007-2008 Accumulative Capital Outlay Fund.
Body
BUDGET SUMMARY: |
|
|
Total Estimated Cost |
|
$82,000 |
|
|
|
Funding |
|
|
Budgeted |
$82,000 |
|
New Funding |
$ |
|
Savings |
$ |
|
Other |
$ |
|
Total Funding Available |
$82,000 |
|
Change To Net County Cost |
|
$0 |
Fiscal Impact/Change to Net County Cost: Funding is included in the FY 2007-08 Accumulative Capital Outlay (ACO) Fund.
Background: On March 20, 2007 (item #24), the Board directed me to allocate funding in the amount of $82,000 for an acoustical treatment on the Mark D. Forni building. The funding was appropriated in the ACO fund in the FY 2007-08 Proposed Budget.
On July 13, 2007, the Fair CEO and I executed a Memorandum of Understanding (MOU) for the advance of the funds to the Fair Association. The advance was necessary in order for the Fair Association to enter into an agreement with their contractor for the improvements. A copy of the MOU is attached.
I executed the MOU because the deadline for submittal of items for the July 17 Board meeting had passed, and to wait until the next Board meeting date of August 14 would have caused unreasonable delays for the Fair Association.
Action to be taken following Board approval: The Board Clerk will file a copy of the MOU
Contact: Laura S. Gill
Concurrences: