Title
a. Approve a resolution to approve and authorize an increase in appropriations and revenues in the amount of $6,139,413 in the FY 2016-17 Adopted Budget for the Department of Social Services, Fund 001-5010-8262-SOC005, where the financing source is Other Financing Sources-Lease Proceeds, to record the Capital Lease for the LIFE Foundation Building located at 1000 S. Main Street in Salinas(4/5ths vote required); and
b. Authorize the Auditor-Controller to amend the budget for Social Services, Fund 001-5010-8262-SOC005, for FY 2016-17 by increasing appropriations and revenues in the amount of $6,139,413, where the financing source is Other Financing Sources-Lease Proceeds. (4/5ths vote required.)
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Approve a resolution to approve and authorize an increase in appropriations and revenues in the amount of $6,139,413 in the FY 2016-17 Adopted Budget for the Department of Social Services, Fund 001-5010-8262-SOC005, where the financing source is Other Financing Sources-Lease Proceeds, to record the Capital Lease for the LIFE Foundation Building located at 1000 S. Main Street in Salinas (4/5ths vote required); and
b. Authorize the Auditor-Controller to amend the budget for Social Services, Fund 001-5010-8262-SOC005, for FY 2016-17 by increasing appropriations and revenues in the amount of $6,139,413, where the financing source is Other Financing Sources-Lease Proceeds (4/5ths vote required).
SUMMARYDISCUSSION:
The Department of Social Services (DSS) and Health Department, Behavioral Health Children's Services (BHCS) currently occupy 99,322 square feet of leased space at the LIFE Foundation Building (LFB) at 1000 S. Main Street in Salinas. Effective July 1, 2016, the Resource Management Agency (RMA) negotiated with the Low Income Family Enrichment Foundation (Lessor) to consolidate all leased space into one Lease Agreement, reduce the annual cost of living adjustment from 3.3% to 2.5% and exte...
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