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File Number: 23-438 ideas and information and provide an opportunity for residents of all backgrounds to improve their skills and knowledge. Legal Analysis The City Attorney has reviewed these documents and agreements and approved as to form. Financial Impacts While the donation award will provide $800,000 over two fiscal years (in FY 2023-2024 the City will receive $600,000 and in FY 2024-2025 the City will receive $200,000), acceptance of this grant does not impact the Fiscal Year 2023-2024 or Fiscal Year 2024-2025 General Fund budget. The Foundation intends to disburse the donation according to the following schedule: A.Three Hundred Thousand Dollars ($300,000) upon City Council acceptance of the Letter of Intent (Attachment B). B.Three Hundred Thousand Dollars ($300,000) fifteen (15) days prior to the date the San Leandro City Council is scheduled to consider award of a contract to construct the Mulford-Marina Library; and C.Two Hundred Thousand Dollars ($200,000) fifteen (15) days before the City is scheduled to issue an initial purchase order for furniture, shelving, equipment and/or other interior improvements for the Project. This donation does not require matching funds from the City; however, the City has already allocated $4.95M in the City’s Capital Improvement Project Fund and has accepted $4.079M in California State Library grant funding that are committed to this project. Once disbursed to the City, funds will be deposited into the 150-3803 Revenue Account and expended as follows: ·SLPL Foundation Donation, Account 150-68-100:$800,000 ·Total $800,000 ATTACHMENTS ·Attachment A: Draft Resolution to accept the letter of intent to donate $800,000 from the San Leandro Public Library Foundation ·Attachment B: San Leandro Public Library Foundation Letter of Intent to Donate. PREPARED BY: Brian Simons, Library Director, Library Department. Page 3 City of San Leandro Printed on 11/1/2023