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Meeting Date:
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3/25/2013 - 7:30 PM
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Category:
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Consent Items Pulled for Discussion
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Type:
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Action
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Subject:
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11.3 (Item #14) Award of Lease-Leaseback Agreement to Taber Construction, Inc. for Chemistry Classrooms 2013 at Concord/Nueva Vista and College Park High School
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LCAP (Local Control Accountability Plan) Goal:
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Enclosure
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File Attachment:
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Summary:
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On January 17, 2013 the District issued a Request For Qualifications (RFQ) soliciting submissions from qualified firms interested in entering into a lease-leaseback agreement for the construction of District owned Pre-Checked (PC) chemistry classrooms at Concord and College Park High Schools to accommodate the 2010 Measure C – High School Enhancement Program. District solicited qualifications from 5 vendors and received 2 packages. As a result of the RFQ process staff is recommending that the District enter into a lease-leaseback agreement with Taber Construction, Inc. for a Guaranteed Project Cost of $3,447,300.00 for the completion of all specified new construction per approved plans and specifications.
The lease-leaseback project delivery method is authorized by California Education Code 17406, and authorizes the governing board, without advertising for bids, to enter into a lease with a builder for the purpose of construction, including remodeling and permanent improvements, upon property. Under a lease-leaseback, the District leases property under a "site lease" to a builder for $1. That builder constructs the facility/completes the renovation and then leases the facility back to the District under a "facilities lease". The District makes "tenant improvement payments" during construction and "lease payments" after construction. Title to the facility vests in the District as lease payments are made. the District has the option to make an early, balloon payment to the builder to buy out the facilities lease. In addition, the District determines all plans and specifications and uses it's own Architect of Record to submit the project to the Division of the State Architect (DSA) for approval.
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Funding:
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2010 Measure C
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Fiscal Impact
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$3,447,300.00
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Recommendation:
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Award lease-leaseback agreement with Taber Construction, Inc. as presented.
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Approvals:
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Recommended By:
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Signed By:
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Tim Cody - Program Manager
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Signed By:
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Steven Lawrence - Superintendent
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Vote Results:
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| New Motion | Member Linda Mayo Moved, Member Lynne Dennler seconded to approve the New motion 'approve the award of lease-leaseback agreement with Taber Construction, Inc. as presented.
'. Upon a Roll-Call Vote being taken, the vote was: Aye: 4 Nay: 1. | | The motion Carried 4 - 1 | | | | | Linda Mayo | Yes | | Lynne Dennler | Yes | | Cheryl Hansen | No | | Brian Lawrence | Yes | | Barbara Oaks | Yes | |
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