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Building Forward Library Facilities Improvement Program Grant for the Newhope Library <br />November 7, 2023 <br />Page 2 <br />new Innovation Center equipped to provide STEM learning opportunities for the entire <br />family. The overall Newhope Library Renovation Project is expected to be completed by <br />fall 2024. <br />In October 2023, the California State Library notified the Library of its intent to award the <br />full grant request of $1,086,754. The Library will need to provide supporting <br />documentation, including a Resolution to authorize the application, acceptance, and <br />execution of grant funds prior to formal grant award. Following approval of the <br />supporting documents by the California State Library, the Library will return to the City <br />Council for approval of the grant agreement and to appropriate the grant funds. <br />While the grant requires a dollar -for -dollar match, the City's Local Income Per Capita <br />(LIPC) made it eligible for a 75% reduction in the local match requirement. The City will <br />only be required to provide a match of $271,688, which is within the project's existing <br />budget and will not require additional budget appropriation. <br />All grant funds must be fully expended by June 30, 2027. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. The Library Services Agency will <br />return to the City Council for approval of the grant agreement and to recognize and <br />appropriate grant funds in the amount of $1,086,754. <br />EXHIBIT(S) <br />1. Resolution <br />2. Intent to Award Letter <br />Submitted By: Brian Sternberg, Executive Director of Library Services <br />Approved By: Steven A. Mendoza, Acting City Manager <br />