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REPORT , <br /> To the Honorable Mayor and City Councill ' <br /> From the City ManagerI <br /> <br /> July 20, 2000 <br /> <br /> Subject <br /> Resolution tc approve the agreement between the City of Redwood City and San Mateo County <br /> Library Joint =owers,,Authority to share the costs of. operating the Fair Oaks Library. <br /> <br /> Recommendation <br /> To approve the a;r.-eement between the Ci..+y of Redwood City and San Mateo County Library <br /> Joint Powe~ Aumority to share the costs of operating the Fair Oaks Library. <br /> <br /> Background <br /> Toe City of Redwood City (CITY) entered into an agreement with the County of San Mateo to <br /> snare the costs of operating the Fair Oaks Library in June 1995. The initial term of the <br /> agreement wa~ 30 years (renewable every 5 years) as long as the facilities are used for <br /> community services purposes. The first year of the agreement was FY 1995/96. Th e County <br /> contriDutio,~ would increase or decrease at the same rate as the change in the County Library's <br /> :,ase a:ope~y tax income for the previous year. The base contribution for the last year of the <br /> = .... m~n:. 1999/2000, is $116,445 (6% increase). <br /> <br /> ~r~ .... the operation of the San Mateo County Library has been transferred to the San <br /> !¢,~.:e: Co','nty Library Joint Powers Authority (AUTHORITY), who agrees to assume in full the <br /> -%o~rn:v s prior obligations under paragraph 6 of Part III of the License Agreement between <br /> 2::r':v ant SiTY. The Governing Board of the AUTHORITY approves the terms of the <br /> ::ev:3us agreement on the condition that it is limited to two years, and the attached agreement <br /> ~.as :ee~ revised to reflect this change. <br /> <br />Alternative <br />=.Er:e- ~n:o n~ negotiation with the AUTHORITY to extend the length of this agreement. <br /> <br />Fiscal Impact <br />U:::. rene~otiation of this agreement for Fiscal Year 2002/3, the Authorib,,, may not' agree to the <br />:.:--e't: :ate ,of contrii:ution. This may nave a negative impact on the budget for 2002/3. The <br />s:~.:- ::.'trcn from the AUTHORiTv f,or =Y 1999/2000 is $116,445. This amount is 48% of the <br />es::'-a:e: tsta~ 3udget for the operation of *' = <br /> ,n~ Fair OaKs Library. <br /> <br />L:~.:a ~e3~es - Yvonne Chen Ed Everett <br />Cgmmu~i;v Li3rarles Manager Library Director City Manager <br /> <br /> <br />