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Approve an agreement with the City of Vallejo for $100,000 in revenue for tenant improvements at the Vallejo First 5 Center, for a term of October 1, 2019 to June 30, 2020; and Approve an Appropriation Transfer Request (ATR) for $100,000 to recognize the unanticipated revenue in FY2019/20 (4/5 vote required)
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Published Notice Required? Yes ___ No _X _
Public Hearing Required? Yes ___ No _X _
DEPARTMENTAL RECOMMENDATION:
First 5 Solano Children and Families Commission recommends the Board approve an agreement with the City of Vallejo for $100,000 in revenue for tenant improvements at the Vallejo First 5 Center, for a term of October 1, 2019 to June 30, 2020; and Approve an Appropriation Transfer Request (ATR) for $100,000 to recognize the unanticipated revenue in FY2019/20 (4/5 vote required).
SUMMARY/DISCUSSION:
First 5 Solano is opening a First 5 Center in Vallejo which will include approximately 9,000 square feet of space for a multitude of services for parents/caregivers, young children and First 5 Solano administrative offices. First 5 Solano has identified a location at 3375 Sonoma Blvd., secured a lease, and secured a nonprofit agency to provide the services. In early August 2019, the City of Vallejo approved the plans for tenant improvements and the landlord's contractor began construction. In addition, First 5 Solano is in the process of securing vendors for furniture, signage and other needed components.
The full cost of tenant improvements is currently estimated at $1.77 million. First 5 Solano has been seeking funding for tenant improvements and, as of August 2019, has secured $1,155,000, including your Board's support of $200,000 in General Fund in FY2018/19. First 5 Solano has been actively pursuing funders to generate the remaining need for this project.
In September 2019, your Board approved an Appropriation Transfer Request of $615,000 from the First 5 Solano Commission Contingency Fund for tenant improvem...
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