|
|
|
|
|
Meeting Date:
|
12/21/2012 - 4:00 PM
|
|
Category:
|
Business/Action Items
|
|
Type:
|
Action
|
|
Subject:
|
7.1 Award of Lease-Leaseback Agreement to Taber Construction, Inc. For The Construction of Twenty-four (24) New Classrooms at Eight (8) Sites and Five (5) General Science Buildings at Five (5) Middle School Sites
|
|
LCAP (Local Control Accountability Plan) Goal:
|
|
|
Enclosure
|
|
|
File Attachment:
|
|
|
Summary:
|
On November 7, 2012 the District issued Requests For Qualifications (RFQ's) soliciting submissions from qualified firms interested in entering into lease-leaseback agreements for the construction of twenty-four (24) new classrooms at eight (8) sites and five (5) new general science buildings at five (5) middle school sites. As a result of this RFQ process staff is recommending that the District enter into a lease-leaseback agreement with Taber Construction, Inc. for a Guaranteed Maximum Cost of $17,612,149.00 for the construction of all specified buildings 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 Funds
|
|
Fiscal Impact
:
|
$17,612,149.00
|
|
Recommendation:
|
Award Lease/Leaseback agreement with Taber Construction, Inc. as presented.
|
|
Approvals:
|
|
Recommended By:
|
|
Signed By:
|
|
|
Pete Pedersen - Measure C
|
|
|
Signed By:
|
|
|
Steven Lawrence - Superintendent
|
|
|
|
|
|
|
|
|