CC Min 2000-12-11 Reg - Laserfiche WebLink

Browse Search

Mayor Ruskin explained previous Council consensus was to commit $250,000.00 toward the renovation of Carrington Hall deeming it to be of great value to the residents of Redwood City. Staff was directed to provide recommended guidelines for the disbursement of funds. Assistant to the City Manager Gonzalez stated guidance from Council is being sought in how the money should be used and spent. A point of clarification for Guideline no. 6, 3' bullet, the words "or groups" should be added after the word "individuals ". She stated Guideline no. 7 is the specific area to focus on and whether in -kind donations would be allowed. Steve Penna stated the donations are currently at $3,075,000.00 including the school district contribution, private fundraising and grants from other organizations. A timeline of closing down Carrington Hall the first week in June for approximately 18 months has been set. Council discussion included Council presence for support in fundraising and concern that funds should be returned to the City if construction does not occur in a reasonable amount of time. Steve Penna thanked Council for their support when discussing donations with corporate individuals. He asked consideration of the in -kind contributions as a match such as the supply of materials for a certain aspect of the project. He stated the Packard Foundation has indicated a grant for $150,000.00 toward the project and if $150,000.00 of the $250,000.00 from the City could be used to match the grant. M/S Pierce /Claire to: i) Approve the Guidelines to be Used in Releasing City Funds for Carrington Hall Renovation Project, and Authorize Staff to Distribute the Funds as per the Guidelines with the following revisions. a.) $150,000.00 of the $250,000.00 allowed to be a matching grant for the Packard Foundation. b.) The other $100,000.00 of the grant must be matched only by individuals and businesses in the community and not by any form of foundation. c.) The money must be used for other than the initial structural repairs. All the money must be used for that stage of construction over and above the initial construction funded by the school district so that even the matching grant to the Packard Foundation and the other $100,000.00 must be used for construction over and above the approximately $3,000,000.00 funded by the school district. d.) The second phase of construction must begin by January 1, 2004 or the money will be refunded in whole. ii) Adopt a Resolution: REGULAR COUNCIL MEETING MINUTES DECEMBER 11, 2000 PAGE 4 MINUTES Book No.58 Page NO. 282