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HomeMy WebLinkAboutCSUSB Palm Desert Campus - Phase III Fundraising Campaign . , , �"1��� City of Palm Desert � � Office of the City Manager . MEMORANDUM To: Honorable Mayor and Members of the City Council From: Carlos L. Ortega, City Manager Date: July 14, 2005 Subject:: Request from Cal State for the City's Participation in Funding the Health Sciences Building On your agenda is a request from Cal State to allow them to make a presentation updating the City Council on their funding process for the Health Sciences Building and asking the City's participation and assistance with funding. I have had previous communications with Fred Jandt with regards to what staff's recommendation would be on this matter; however, the City has not made an official commitment. The projected cost of the facility is $12.5 million in accordance with the attachment received today. As of Wednesday, July 13, Mr. Jandt indicates that he has solid commitments from other parties for funding in the amount of $3.3 million and that he is expecting commitments in the amount of $4.7 million. He has requested that the City of Palm Desert participate with a $4.5 million contribution. Based on my analysis and our ability to fund the City's and Redevelopment Agency's projects, we would be able to fund the requested amount through the Redevelopment Agency during the following years: $1.5 million in 2005/06 $1.5 million in 2006/07 $1.5 million in 2007/08 Fred Jandt indicates that given their construction timetable and other needs for funds, this would be acceptable. Start of construction is anticipated in October, 2006, with completion in February, 2008. I recommend that for such a contribution, the City be granted the naming rights for the building. This contribution would require an agreement between the Agency and Cal � + , l Request from Cal State for the City's Participation in Funding the Health Sciences Building Page Two July 14, 2005 State which would require that the Agency and Cal State consider a resolution pursuant to Section 3345 of the Health and Safety Code through a Public Hearing at a later date. Therefore, my recommendation at this time would be that the City Council direct staff to proceed with drafting a funding agreement and express some preliminary indication on the naming opportunity and any other issues such as landscape, street improvements, etc. so that staff can start incorporating these into an agreement. CARLOS L. OR GA City Manager CLO:kr � ►. . o O O O O o 0 0 0 0 0 0 0 0 0� o 0 0 0 0 o O o 0 o O o 0 0 0 0 0 0 0 0 o O o o O O O o 00000 N M � � NCO00 � 0 �N 00000 � M00 � 0p00 �- O � c'7 M � � M f� O � r- f� O �t �A ti � Q� O � N N � � � � � � t[> h�- N V� � N � � Q � � W � ^ a >- .n -� � W ^�S � W (7 H � � � � H g � �� Z � �- ,� � � o 0 (� � - � � � V � Q O � � �L ` °tS _1 cn '�= C `o f v � V) � � � � a� V Y � ^ � o •� W 4 — EW � � c� v� n- V Z �,LL a� � a � = � � p o N � � �� � � � � � � . � U Q.� '� 'J � U U Z `- L '" � V� Q �' � �O � L +��.r � -Q � N �� (� � �p � y=- � �" (n v� cn � :.. U Z U C V +-� � N � N N N � Z Cn � � N Z V O m � � � U O -v — � o Y Q o V �- a� a� m � °� U Z � '� � U � Z c�o � c � � � °� a°�i � n. U Q- � O w. F- � � � � �'� H � � � V � � � cn � � ._ ._ � �- - tn J � W J OZ c .c � � "-' cv � a � .� � H � �, Q c� U � � �,., Z "� L � O O O m � = � � V� m pU OQQUUf— � aJ Cn � J O Q Q � Q �S (� � U '� N Q (Q � � 0 N � � � F- F- F- W I- l.� f- � N e'� � tC� CO f� � • � r � (_ �� �V ;�t�� ��� CITY OF PALM DESERT � � � COMMUNITY SERVICES DIVISION ,. � CITY CLERK OPERATIONS �� INTEROFFICE MEMORANDUM �--� _ >. �--. To: Honorable Mayor and Members of the City Council City Manager ` � From: City Clerk Date: July 8, 2005 Subject: Reaular Redeveloament Aqency Meeting July 14 2005 — California State Universitv, San Bernardino - Palm Desert Campus Request Prior to the June 23, 2005, Regular Meeting, CSUSB-Palm Desert Campus Dean Fred Jandt asked for placement on the next Agenda to make the University's request for its Phase III Campaign. I have both telephoned him to advise that this has been agendized and have mailed him a copy of the July 14 Agenda. Please let me know if I can provide any further information or assistance. �bri-z�d BY RDA oN �- 1� • �5 RA HELLE D. KLASSEN, CMC VERIFIED BY ��"1 Y�" T CITY CLERK Original on file with City erk's Offiice * By Minute Motion, authorized staff to: 1) Prepare the appropriate funding agreement and necessary documents for contributing $4.5 million to CSUSB-Palm Desert-Health Sciences Building, including reserving naming rights for said building, and return it to the Agency Board for approval; 2) return to the Agency Board with an amendment to the existing agreement to bring it current with present conditions (i.e. reduced student number threshold, extension of time for exclusive development rights, etc.) . 5-0 H:IWPdataIWPDOCS1Memoslcsu req ph 3.wpd