Agenda - 02-15-2005-9b - Laserfiche WebLink

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2 be operated by the County's Department on Aging. Consideration may also be given to the development on the property of affordable housing. The due diligence analysis is in process, with particular attention focused on current and likely future financial performance of the SportsPlex operation (under a contract with the Blackman & Sloop CPA firm) and an assessment of the physical condition of the facility's infrastructure and equipment (under a contract with Corley Redfoot Zack architectural/engineering firm and its subcontractors). Staff will provide a verbal update at this February 15 meeting regarding the work in progress and the anticipated timeline for reporting on the analysis far BOCC decisions regarding whether to acquire the SportsPlex or not. At the December 14, 2004 meeting, the BOCC authorized the Manager and staff to develop an agreement with Blackman & Sloop, and to execute additional professional service contracts as needed. The total for all professional services to assist in the due diligence evaluation of a passible SportsPlex acquisition decision was established at an amount not to exceed $30,000. Staff indicated at the time that they would return to the Board later for additional spending authorization for professional services, if that seemed warranted. To date, the following work has been undertaken with financial obligations as noted; CONTRACTOR WORK FOCUS AMOUNT Linked Economic Development and Overall project management $2,000 Affordable Housing Foundation LEDAHF Blackman & Sloop Revenue & expense and other financial $13,000 anal sis Corley Redfoot Zack Facility and infrastructure inspection $11,300 (except for ice); concept drawing far combined S ortsPlex/Senior Center TOTAL $26,300 Staff recommends that the Board allocate additional funds to permit a detailed inspection and review of the physical plant associated with the ice rink. Corley Redfoot Zack would retain the services of a leading commercial refrigeration company that has some familiarity with the SportsPlex ice rink infrastructure, with the "not to exceed" amount of $9,000. Staff recommends that the Board increase the overall allocation for the due diligence analysis from $30,000 to $40,000, leaving several thousand dollars of additional authorization should the Manager determine in the coming weeks that additional elements should be added to the current scope of due diligence work. One decision point for the BOCC, should it ultimately decide that it wishes to acquire the SportsPlex and should the County reach accord with the current owner on the terms for an acquisition, is whether the County should own the property outright or through means of a non- profit organization.. An owning non-profit could be one created by the Board of Commissioners expressly for the purpose of owning and managing the SportsPlex, or it could be an existing non-profit with which the County would contract. Staff will outline at this February 15 meeting some of the pros, cons, and other implications of the various ownership structure options. Staff, the County Attorney, and the project manager, will be available to respond to questions the Commissioners may have about ownership structure, or any other elements of the conceptual plan for aSportsPlex/Senior Center combined facility.