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REPORT -?3KI I I i i I To the Honorable Mayor and City Council From the Cit Mana er July 20,2000 Subject Resolution to approve the agreement between the City of Redwood City and San MéÙeo County Library Joint PowersAuthority to share the costs of-operating the Fair Oaks Library. Recommendation To approve the agreement between the City of Redwood City and San Mateo County Library Joint Powers Authority to share the costs of operating the Fair Oaks Library. Background The City of Redwood City (CITY) entered into an agreement with the County of San Mateo to share the costs of operating the Fair Oaks Library in June 1995. The initial term of the agreement was 30 years (renewable every 5 years) as long as the facilities are used for community services purposes. The first year of the agreement was FY 1995/96. The County contribution would increase or decrease at the same rate as the change in the County Library's base property tax income for the previous year. The base contribution for the last year of the agreement, 1999/2000, is $116,445 (6% increase). Since then, the operation of the San Mateo County Library has been transferred to the San Mateo County Library Joint Powers Authority (AUTHORITY), who agrees to assume in full the County's prior obligations under paragraph 6 of Part III of the License Agreement between County and CITY. The Governing Board of the AUTHORITY approves the terms of the previous agreement on the condition that it is limited to two years, and the attached agreement has been revised to reflect this change. Alternative Enter into further negotiation with the AUTHORITY to extend the length of this agreement. Fiscal Impact Upon renegotiation of this agreement for Fiscal Year 2002/3, the Authority may not agree to the current rate of contribution. This may have a negative impact on the budget for 2002/3. The contribution from the AUTHORITY for FY 1999/2000 is $116,445. This amount is 48% of the estimated total budget for the operation of the Fair Oaks Library. . vJ L¡i/, 4 þI- ~l<-~1!~ ~ de: ¿ ~. ~/--- [.'7~-,- Linda Hedges Ci Yvonne Chen Community Libraries Manager Library Director ~ Ed Everett City Manager '-