Title
Support the request to:
a. Authorize County of Monterey Department of Social Services (DSS) to engage County financial advisors in the development of financing strategies for the Broadway Family Connection Project (BFCP) that will replace the County building located at 1281 Broadway Ave, Seaside; and
b. Provide direction to staff to work with the County's financial advisors on evaluating options for financing the development and construction of the building; and
c. Recommend that the ensuing financing options be presented to the Board of Supervisors for consideration.
Report
RECOMMENDATION:
It is recommended that the Budget Committee support the request to:
a. Authorize County of Monterey Department of Social Services (DSS) staff to engage County financial advisors in development of financing strategies for the Broadway Family Connection Project (BFCP) that will replace the county building located at 1281 Broadway Ave, Seaside; and
b. Provide direction to staff to work with the County's financial advisors on evaluating options for financing the development and construction of the building; and
c. Recommend that the ensuing financing options be presented to the Board of Supervisors for consideration.
SUMMARY/DISCUSSION:
The BFCP is a new 60,000 square foot community services center that will replace the 11,000 square foot County facility located at 1281 Broadway Ave, Seaside, CA. In Fiscal Year 2022-2023, the Capital Improvement Program (CIP) work plan included the BFCP as one of the County's priority projects with the goal of replacing the current County facility located at 1281 Broadway Ave, Seaside. To date, the County has committed $5,152,500 for planning, design, engineering, and environmental tasks. At present, the County-owned building houses a portion of the Department of Social Services (DSS). The new, larger facility will co-locate County services provided by multiple departments including but not limited, but not limited to, DSS, the District ...
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