AgdaPkt 2016-12-12 Closed and Joint SA PFA

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6.1.1-1. - Page 5 this would also serve as a response to parents who visit the Library with their children and who want a play space to stay longer and enjoy a full experience. The City Council also asked staff to gauge the reaction from the Redwood Shores Community Association (RSCA) about this idea. Through discussion, the RSCA expressed some concerns about the space becoming a teen hangout as well as concerns about potential traffic impacts. Staff believes that these concerns can be mitigated with lighting, cameras, and programming the space for children's activities; and the playground would serve as another activity for Library users while they are already there. Further, staff reached out to the property management firm of Pelican Cove, which is across the street from the Redwood Shores Library, and staff is waiting on a response. If approved by Council, this would be the first step in a longer process of community and other stakeholder input for the future location and design of the park space; the repair, assembly and retrofit of the Pirate Ship to ensure that it would meet playground and ADA standards; and the future requests for proposals for landscape design and construction firms for installation. ALTERNATIVES Council may choose to not accept the agreement to acquire the artwork. FISCAL IMPACT The acquisition cost of the Kabakov "Pirate Ship" is $400,000. The City Council approved the allocation of Park Impact Fees paid for by developers in the Fiscal Year 2016-17 budget process. The funds for this project are allocated in 358-73957. Attachment B is a copy of an independent and internationally reputable appraiser PACE Gallery LLC, which lists the value of the art piece between $1,500,000-$1,800,000. The full fiscal impact, that would include site preparation, installation, and amenity improvements, is yet to be determined. However, based on best practices and past project assessments, the cost could vary between $300,000 to $400,000, plus consulting fees of $50,000. Together, this could bring the total park/playground project to $750,000 to $850,000. Staff would recommend the use of Park Impact Fees and Art in Public Place Funds, paid for by developers, to be used towards the completion of the project. ENVIRONMENTAL REVIEW This action is not a "project" within the meaning of the California Environmental Quality Act because the purchase of the Pirate Ship sculpture does not create a commitment to any prospective park project. (Public Resources Code Section 21065; CEQA Guidelines Section 15378). If and when a prospective park project develops, the City will conduct CEQA review on such project.