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T I D-2 <br />Alternative <br />Council can choose not proceed with this amendment and build the Fair Oaks <br />Elementary School Sport Field Improvement without lighting. Any unused balance of <br />the funding will be redistributed back to the County, the School Distric' and the City's <br />General Fund, in accordance with the tri-party cost sharing agreement. <br />Fiscal Impact <br />The total funding for this project is $1,200,000 (as shown on the table below). <br />Redwood City <br />Elementary School <br />District <br />Financial <br />Contributions $275,000 <br />County of San Mateo City of <br />Redwood City <br />$300,000 1 $625,000 <br />Funding Source <br />Responsibilities Owner of site <br />FY 03 -04 Community General Funds <br />Development Block (previously <br />Grant (CDBG) allocated to <br />Hoover Field) <br />Draft funding <br />agreement <br />Monitor construction <br />compliance with <br />CDBG <br />Fiscal agent <br />Project <br />management from <br />design to project <br />delivery <br />Requirements Use agreement with Mutual hold harmless Use agreement <br />City to be developed language. Funds <br />after the completion shall not be used for <br />of the project, which salary or fringe <br />will also address benefits <br />facility manaqement <br />At the writing of this report, a balance of $425,522 is available in the 2003 -04 Capital <br />Improvement Program budget under the Capital Project Funds to support this contract. <br />�r Vorametsan Bru a Liedstrand Ed Everett <br />Civil Enginee3�Community Development Services Director City Manager <br />SPV:ss <br />Fair Oaks Field Amend #1 <br />