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HomeMy WebLinkAbout2020-11-17 Finance Committee Action MinutesFINANCE COMMITTEE ACTION MINUTES Page 1 of 3 Special Meeting November 17, 2020 The Finance Committee of the City of Palo Alto met on this date via virtual teleconference at 6:00 P.M. Present: DuBois, Kniss, Tanaka Agenda Items 1. Discussion With the Palo Alto History Museum and Recommended Direction to the City Council Regarding Options for the Rehabilitation and Future use of the Roth Building Including: Funding, Construction Phasing, and Financial Support Requested by the Museum. MOTION: Vice Mayor DuBois moved, seconded by Council Member xx to recommend the City Council ask Staff to identify funding for the full rehabilitation of the Roth Building and to bring this item to Council. MOTION FAILED DUE TO LACK OF A SECOND MOTION: Council Member Kniss moved, seconded by Vice Mayor DuBois to recommend the City Council direct Staff to identify funding for a “cold shell” construction project ($6.5 million) including use of “Available Financial Sources” as identified in Table 1, with additional funding needs to be identified by the City ranging between $500,000 - $1.0 million and return to the City Council with both additional funding and a lease or lease option agreement with the Palo Alto Museum for a finite period. Some funding, such as Palo Alto Museum (PAM) donor funds, necessitate using PAM approved plans, and to identify other potential funding options. INCORPORATED INTO THE MOTION WITH THE CONSENT OF THE MAKER AND SECONDER to have Staff work with museum staff to suggest a length of time for the museum to have enforceable lease terms, subject to conditions. MOTION AS AMENDED RESTATED: Council Member Kniss moved, seconded by Vice Mayor DuBois to recommend the City Council direct Staff to: ACTION MINUTES Page 2 of 3 Sp. Finance Committee Meeting Action Minutes: 11/17/2020 1. Identify funding for a “cold shell” construction project ($6.5 million) including use of “Available Financial Sources” as identified in Table 1, with additional funding needs to be identified by the City ranging between $500,000 - $1.0 million; 2. Return to the City Council with both additional funding and a lease or lease option agreement with the Palo Alto Museum (PAM) for a finite period; some funding, such as PAM donor funds, necessitate using PAM approved plans, and to identify other potential funding options; and 3. Direct Staff work with museum staff to suggest a length of time for the museum to have enforceable lease terms, subject to conditions. MOTION AS AMENDED PASSED: 3-0 Council took a break at 8:21 P.M. and returned at 8:30 P.M. 2. Finance Committee Recommends the City Council Approve Amendment Number 1 to Contract Number C19171565 With Brown and Caldwell for Professional Design Services on the Secondary Treatment Process Upgrade Capital Improvement Project (WQ-19001) at the Regional Water Quality Control Plant to add Services, Increase Compensation by $1,500,745 for a new Maximum Compensation Not-to-Exceed $4,424,101, and to Extend the Contract Term Through September 30, 2025. MOTION: Chair Tanaka moved, seconded by Council Member Kniss to recommend the City Council: 1. Approve and authorize the City Manager, or his designee, to execute Amendment No. 1 to Contract No. C19171565 with Brown and Caldwell to increase the contract amount by $1,500,745 to provide design engineering services beyond the original scope of the contract for the design of the Secondary Treatment Process Upgrades Project (CIP WQ-19001); 2. Extend the term through September 30, 2025; 3. Have the revised total contract amount not exceed $4,424,101, including $4,021,911 for basic services and $402,191 for additional services; 4. Direct Staff perform a commercial comparison of rates; and ACTION MINUTES Page 3 of 3 Sp. Finance Committee Meeting Action Minutes: 11/17/2020 5. Direct Staff compare the Operating Share versus the Capital Share versus the Maximum Flow Capacity. MOTION PASSED: 2-0 DuBois absent Adjournment: The meeting was adjourned at 9:14 P.M.