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Receive an update from the County Administrator's Office on the Solano360 project; Consider approval of reimbursement of up to an additional $27,000 to the Solano County Fair Association for mutual aid costs associated with the Atlas Peak Fire event; and Discuss options for future management agreements relating to the Solano County Fair
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Published Notice Required? Yes ___ No _X__
Public Hearing Required? Yes ____ No __X_
DEPARTMENTAL RECOMMENDATION:
The County Administrator's office recommends that the Board:
1. Receive an update on the Solano360 project and demolition activities at the Fairgrounds site;
2. Consider approval of reimbursement of up to an additional $27,000 in mutual aid costs related to operation of an emergency animal evacuation center during the Atlas Peak Fire event payable to the Solano County Fair Association from Fund 282 County Disaster Fund bringing total reimbursement of up to $127,000; and
3. Discuss options for future management agreements relating to the Solano County Fair.
SUMMARY:
On December 13, 2017, the Fair Association voted 9-1 to approve a CY2018 Budget that projected anticipated expenditures that exceeded revenues in the amount of $185,000 initially and was revised closer to $100,000 after revenue revisions and included a cash subsidy to the Fair Association to cover this projected shortfall. The Fair Association currently has no reserves to relieve any projected deficit in CY2018. The CY2018 Fair Budget does not include any funds to cover long term obligations (for capital projects/maintenance for the existing buildings or pension liabilities). Based on these issues, the Fair Association met for a third time on January 22, 2018 to approve a revised budget which eliminated the fiscal deficit, removed the request for County assistance and projects a CY2018 Budget with a net profit before depreciation of $100,572. On an annual basis, the Board of Supervisors is asked to approve the Fair Budge...
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