HomeMy WebLinkAbout0001_1_Capital Repair Items At Diamond Stadium Staff Report 2016-02-23
REPORT TO SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE
CITY OF LAKE ELSINORE
TO: HONORABLE CHAIR TISDALE
AND MEMBERS OF THE SUCCESSOR AGENCY
FROM: GRANT YATES, EXECUTIVE DIRECTOR
DATE: FEBRUARY 23, 2016
SUBJECT: APPROVE CAPITAL REPAIRS AT DIAMOND STADIUM
AS AUTHORIZED UNDER THE APPROVED ROPS
Recommendation
1. Staff recommends that the Successor Agency Board authorize the Executive
Director to execute agreements and issue a purchase orders totaling
$212,231.14 for capital repairs at the Diamond Stadium to the following vendors:
Leisure Craft Inc. $ 28,521.14
MOR Cabinets $ 15,850.00
Maples & Associates $167,860.00
Background
Certain contracts governing operations and use, management and maintenance of the
Lake Elsinore Diamond Stadium are in full force and effect and constitute enforceable
obligations of the Successor Agency. In order to ensure that the Successor Agency can
meet its legal obligations under these Stadium Operations Contracts, the Successor
Agency and the Storm entered into a Stadium Interim Management Agreement (“Interim
Agreement”) to provide for the efficient and cost effective management, maintenance
and operation of the Stadium by the Storm for calendar year 2013. A First Amendment
to the Interim Agreement for calendar year 2014 and a Second Amendment to the
Interim Agreement for calendar year 2015 were subsequently approved. A Third
Amendment to the Interim Agreement for calendar year 2016 was approved by the
Successor Agency, Oversight Board and that State Department of Finance (DOF).
In accordance with the Interim Agreement and the Amendments thereto, DOF has
approved the allocation of Real Property Tax Trust Funds (RPTTF) for Stadium
obligations in accordance with approved Recognized Obligations Payment Schedules
(ROPS). These obligations include specified capital improvements, including certain
Diamond Stadium Capital Repairs
February 23, 2016
Page 2
capital facilities and equipment at the Stadium that have simply worn out or are in a
condition of disrepair. The Stadium is 22 years old, and despite the ongoing
maintenance being performed in accordance with applicable agreements, certain
structural elements, capital components, operational systems and equipment require
replacement in order to maintain the Stadium in accordance with the Stadium
Operations Contracts and to protect the safety of the players and the spectators
consistent with applicable laws and standards. Because these repairs/replacements are
necessary to continue to meet the Successor Agency’s obligations under the Stadium
Operations Contracts and in accordance with the Interim Agreement and Amendments
thereto, Successor Agency staff recommends that the Board approve the repair and
replacement of the capital items included herein.
Fiscal Impact
All items totaling $212,231.14 are funded through the RPTTF (approved ROPS)
received by the Successor Agency and the Capital Repair Schedule was approved by
the Oversight Board as well as the State of California Department of Finance.
Prepared by: Jason Simpson, Director of Administrative Services
Approved by: Grant Yates, City Manager
Attachments: Exhibit A