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Meeting Date:
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12/10/2012 - 7:00 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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10.4 (Item #27) Award of Lease-Leaseback Agreement to S and H Construction, Inc. for Interior Renovations for the International Hospitality and Tourism Academy (IHTA) at Mt. Diablo 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 October 24, 2012 the District issued a Request For Qualifications (RFQ) soliciting submissions from qualified firms interested in entering into a lease-leaseback agreement for the renovation of classrooms at Mt. Diablo High School to accommodate the International Hospitality and Tourism Academy. As a result of the RFQ process staff is recommending that the District enter into a lease-leaseback agreement with S and H Construction, Inc. for a Guaranteed Project Cost of $453,000.00 for the completion of all specified renovations 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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Developer Fees
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Fiscal Impact
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$453,000.00
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Recommendation:
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Award lease-leaseback agreement with S and H 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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Pete Pedersen - Measure C
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Signed By:
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Steven Lawrence - Superintendent
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