REPORT TO STADIUM AUTHORITY BOARD
SUBJECT
Title
Request to Carryover FY 2021/22 Command Post Window Treatment CapEx Project, Non-Slip Floor Matting CapEx Project, Lift Station CapEx Project, Mechanical and Electrical Closet Lighting CapEx Project, Loading Dock Lighting CapEx Project, and Rust Prevention Mitigation CapEx Project, and Approve Related Budget Amendments
Report
BOARD PILLAR
Ensure Compliance with Measure J and Manage Levi's Stadium
BACKGROUND
On January 31, 2022, the Forty Niners Stadium Management Company, LLC (Stadium Manager) submitted a Capital Expenditure (CapEx) Plan with 5-Year Forecast (Attachment 1) for the Stadium Authority Fiscal Year (FY) 2022/23 CapEx Budget. It identified FY 2021/22 CapEx projects that were projected to complete in FY 2021/22 and provided the projected actual expenditures below. Because these CapEx projects were projected to complete in FY 2021/22, they were not carried over to Stadium Authority FY 2022/23 CapEx Budget that was adopted by the Stadium Authority Board on March 15, 2022.
CapEx Project
Projected Expenses
Command Post Window Treatment CapEx Project
$9,425
Non-Slip Floor Matting CapEx Project
$59,351
Lift Station CapEx Project
$206,800
Mechanical and Electrical Closet Lighting CapEx Project
$111,958
Rust Prevention Mitigation CapEx Project
$18,945
Loading Dock Lighting CapEx Project (referred to as Gold Lot 4 and 5 Lighting CapEx Project by Stadium Manager)
$65,059
In FY 2021/22, the Stadium Authority approved the following actions related to these CapEx projects:
* Command Post Window Treatment CapEx Project: On October 19, 2021, the Stadium Authority Board approved the Stadium Manager's request to execute an agreement with MGC DBA Mission Glass Company for window tinting services in the amount of $9,425.
* Non-Slip Floor Matting CapEx Project: On October 19, 2021, the Stadium Authority Board approved the Stadium Manager's request to execute an agreement with R.E. Cuddie Co. for the removal and dis...
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