Meeting Date:   2/25/2013 - 7:30 PM
Category:   Consent Items Pulled for Discussion
Type:   Action
Subject:   10.1 (Item #12) Award of Lease-Leaseback Agreement to North State Specialty Contracting, Inc. for the Construction of Window Replacement at College Park High School.
Strategic Plan
Policy:  
Enclosure
File Attachment:  
01 - LLB _1593 RFQ Summary and Analysis.pdf
02 - LLB _1593 Site Lease.pdf
03 - LLB _1593 Facility Lease.pdf
04 - Certificate of Insurance - NSCI.pdf
Summary On December 19, 2012 the District issued Request For Qualifications (RFQ's) soliciting submissions from qualified firms interested in entering into lease-leaseback agreements for the construction window replacement (Library, Wing H & J) at College Park High School. As a result of this RFQ process staff is recommending that the District enter into a lease-leaseback agreement with North State Specialty Contracting, Inc. for a Guaranteed Maximum Cost of $347,530.00 for the construction of all specified work 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 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.
Funding 2010 Measure C
Fiscal Impact $347,530.00
Recommendation Award lease-leaseback agreement with North State Specialty Contracting, Inc. as presented.
Approvals:  
Recommended By:
Signed By:
Tim Cody - Program Manager
Signed By:
Steven Lawrence - Superintendent
Vote Results:  

New Motion
Member (Linda Mayo) Moved, Member (Lynne Dennler) seconded to approve the New motion 'Award lease-leaseback agreement with North State Specialty Contracting, Inc. for the construction of window replacement at College Park High School as presented.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0.
The motion CARRIED 5 - 0
   
Barbara Oaks     Yes
Brian Lawrence     Yes
Cheryl Hansen     Yes
Linda Mayo     Yes
Lynne Dennler     Yes