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File Number: 23-590 <br />artisans, and community resource organizations. This community-focused event brought <br />thousands of San Leandrans together and once again revived the Downtown area through music, <br />food, and community partnerships. <br />Financial Impacts <br />The services will cost $55,000.00 for fiscal year 2023-2024 and $57,750.00 for fiscal year <br />2024-2025. The service is included in the Council approved budget for both fiscal years in <br />account 010-61-015. <br />Costs for the remaining fiscal years affected by the agreement will require Council appropriation <br />as part of actions to be undertaken through subsequent biennial budget processes. <br />Anticipated costs for the potential 5-year service agreement to manage and operate the San <br />Leandro Cherry Festival are as follows: <br />Service Year Fiscal Year Base 5% Increase*Total____ <br />One 2023-2024 $55,000 0 $55,000.00 <br />Two 2024-2025 $55,000 $2,750 $57,750.00 <br />Three (Extension)2025-2026 $57,750 $2,887.50 $60,637.50 <br />Four (Extension)2026-2027 $60,637.50 $3,031.88 $63,669.38 <br />Five (Extension)2027-2028 $63,669.38 $3,183.47 $66,852.85 <br />Total $303,909.73 <br />* In the second year of the agreement, the compensation shall be increased by 5%. <br />ATTACHMENTS <br />Attachment A: Resolution <br />Attachment B: Agreement between the City of San Leandro and SLIA <br />PREPARED BY: Karen McNamara, Interim Director-Recreation and Parks Department <br />Page 2 City of San Leandro Printed on 12/13/2023