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In answer to Director Sanfilipo's questions, Joan Jordan, 1020 Middlefield Road, Director, RC.A.C., advised that the art displayed in the gallery will be "ready to hang" and not require Agency or City assistance, and the art will be rotated on a regular basis. Mrs. Jordan described the Center's plan to have the property owner match the funds the Center raised for improvements. Mrs. Jordan advised that the sprinklers will cost $24,000 to sprinkle the whole building and the electrical work $23,000, and she described other needed improvements. Mrs. Jordan advised she had a letter of intent to lease the building ttom the owner on a sliding scale, and advised she had asked him to waive the security deposit. She also discussed long term plans including the possibility of putting some investors together to buy the building for expansion or income purposes. The Agency Board Directors discussed the RC.A.C. programs for school children; RC.A.C. donations and memberships; and parking conditions and parking spaces for the disabled. In response to Chairwoman Gasparini's questions regarding how the Agency money would be handled, senior Planner Jany advised that the Redevelopment Agency Board would approve the list of improvements, and Executive Director Church advised that the Agency would pay invoices for those approved improvements directly to the contractors, rather than give the money to RC.A.C. Chairwoman Gasparini requested that the motion by the Agency Directors be amended to include the words "a maximum of up to $30,000" allocation to the RC.A.c. Chairwoman Gasparini stated she agreed that the concept of partnerships was terrific; however, the Agency did not want to enter into an agreement with one entity that it could not enter into with another. Chairwoman Gasparini stated that the present agreement looked like a 50/50 partnership (Agency/landlord) and asked Executive Director Church what his comfort level was with this arrangement; and if the Agency could be reimbursed if the RC.A.C. moved out within the first lease term. Executive Director Church replied there was no effective way to get money back for those kinds of improvements; but the six year term was better than a two year tenn, and if the RC.A.C. renewed for another six years, then the Agency would "have gotten its money's worth." Also, the smaller amount made it easier to recommend Agency participation. Director Church advised that the Agency Directors expressed an interest in this project, and everyone worked hard to make it happen. Director Church added that there was always the possibility that if sometime in the future the RC.A.C. could not make its lease payments, it might make further requests of the Agency. In response to Chairwoman Gasparini's questions, Director La Berge advised that the San Mateo County Historical Museum Board voted to attempt to move into the old Court House if they were able to fund the improvements needed. MINUTE BOOK NO. 52 Page No. 238 Regular Redevelopment Agency Meeting Minutes December 12, 1994 Page 4