Agmt21 San Mateo County Library Joint Powers Authority

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NOW, THEREFORE, IT IS HEREBY AGREED: 1. OPERATION AND CONTROL OF FAIR OAKS LIBRARY BRANCH In consideration of the mutual promises set forth herein, the City transfers and the JPA accepts operational responsibility and control of the Library, on the following terms: a. Effective March 15, 2021, the overall operation of the Library shall become the responsibility of the JPA. The JPA shall operate the Library to provide high quality library services for the use and enjoyment of the public including residents of the unincorporated North Fair Oaks community and residents of the City of Redwood City. b. Effective March 15, 2021, the right, title and interest in all personal property within the Library, including, without limitation, books, magazines, shelving, furniture, electronic equipment and self -checkout equipment, shall pass from City to the JPA, as more particularly described in Exhibit A. c. On or before March 15, 2021, the JPA shall pay to City the total amount of $235,567 for the portion of Fiscal Year 2020-21 that the City has operated the Library. d. The City shall contribute to the operation of the Library according to the schedule attached as Exhibit B. The City's financial contribution for the remainder of Fiscal Year 2020-21 and Fiscal Year 2021-22 is deemed met by the City's personal property transfer to the JPA per Exhibit A, such that City's first monetary contribution shall be provided for beginning in Fiscal Year 2022-23, all as set forth in Exhibit B. e. Not less than 90 days prior to the conclusion of the fifth year of this Agreement (i.e., on or before April 1, 2026), the Parties shall meet, confer, evaluate and determine whether the City's annual contribution for the last prior fiscal year equals at least 50 percent of total operating costs of the Library for a level of service similar to that provided by the City in Fiscal Year 2018-19 (50 hours of service per week). In the event the City's annual payment is less than or more than 50 percent of total operating costs of the Library for a level of service similar to that provided by the City, the base contribution as set forth in Exhibit B shall be adjusted, to reach the goal of equal participation in operating costs. The City will follow the "Years 6 —10 Adjusted Payment Schedule" in Exhibit B. The Parties acknowledge that City's annual financial support for the operation of the Library includes support for routine maintenance and facility -related costs but not for any non -routine capital improvement projects. The Parties agree to meet and confer in good faith to determine if and to what extent the City will contribute to the development of any capital improvement projects during the term of this Agreement. ATTY/AGR/2021.016/FAIR OAKS LIBRARY SERVICE AGREEMENT REV: 02-08-2021 VR Page 2 of 7