AgdaPkt 2003-03-24 - Laserfiche WebLink

Browse Search

March 24, 2003 Subject Redwood Shores Community Library Grant Application Recommendation Approve the resolution a) approving submittal of grant application for funds in the amount of $10.1 million from the State of California Reading and Literacy Improvement and Public Library Construction and Renovation Bond Act of 2000; b) certifying the Redwood Shores community library project budget, local capital funding commitment, supplemental funds, and public library operation; and 3) approving the joint school cooperative agreements with the Belmont/Redwood Shores School District and the Sequoia Union High School Background On September 23, 2002, Council authorized Anderson BruI6 Architects, Inc. and City staff to move forward and develop a Library Bond Act grant application for construction of a branch library in Redwood Shores. From September 2002 through March 2003, staff engaged the Redwood City community and in particular, the Redwood Shores neighborhood, in an extended dialogue and needs assessment process. What staff heard from the community, validates for the need for a branch library, and that there is a need for community spaces for library programs and other activities. Based on these comments and a strong desire by the community for community meeting spaces, the Architect developed a program for a 22,500 square feet library building, which is larger than staffs original estimation. Consequently, the project costs exceed the initial estimated construction costs provided previously. On March 10, 2003, Council approved a Motion of Intent to adopt Resolutions A through G of the Redwood Shores Community Library Grant Application. We are now requesting formal approval of those resolutions, which have been incorporated into one Resolution. The certification is a required component of the Redwood Shores Community Library Grant Application. The deadline for the second round of applications is March 28, 2003. Library Project Budget - The total budget for the library project is $16.96 million (includes $3.86 million land value). The City's matching costs are $1.58 million in cash plus the value of the land, which is estimated at $3.86 million. In addition to the matching costs, the City must fund $1.4 million in supplemental funding.' Therefore, the total cost to the City is $2.99 million ($1.58 million + $1.4 million) and the land. 1 The high supplemental funding costs are primarily attributed to the difference between what the project will actually cost to build and the amount the state allows towards the costs of construction. Additionally, Redwood City's costs are escalated because we plan to build further out to have an opening date no sooner than July 2007. State allows $256 /square foot. If opening date is July 2007, cost to build is $307 /sf. 628 -1