Requested Agenda Date:
3/11/2025
Requested Agenda Title:
Budget Adjustment: The Library Requests a $12M Budget Adjustment to Purchase a Property in Midvale for the Library Technical Services Building, Approved on December 10, 2024
Requested Agenda Item Description: This budget adjustment requests funding for the purchase of property in Midvale and additional costs to improve the building. Due diligence fees, closing costs, construction, FF&E, and other related costs to prepare it for occupancy are anticipated.
In 2022, the County Library presented to the Council future plans for new building projects. One of those projects was moving Technical Services from the basement of Whitmore library to a more central location. The library worked with County Real Estate and identified a property in Midvale with freeway access. Joey McNamee, Library Director, attended a closed session of the Council on December 10, 2024, to request permission to purchase this building, which was approved.
The intent is that the County Library fund balance will front the money for the project. Once the Municipal Building Authority (MBA) bonds are issued, the library fund will be reimbursed through a Reimbursement Resolution
Requested Action: Discussion - Vote Needed
Presenter(s) (with titles): Hoa Nguyen, Council Budget and Policy Analyst
Time Needed: Less than 5 MINS
Is this Item Time-Sensitive and/or Requesting a Time-Certain? No
Requesting Staff Member: Robin Chalhoub, Community Services, Department Director
Are Supporting Documents Needed for this Agenda Item Request? Yes