Pursuant to the Americans with Disabilities Act, if you need special assistance in this meeting, please contact the Clerk for the Authority at (408) 721-5301 x1005. Notification 48 hours prior to the meeting will enable the Authority to make reasonable arrangements to ensure accessibility to this meeting. (28 CFR 35.105 ADA Title II).
Tina Walia, Chair
City of Saratoga
George Tyson, Vice Chair
Town of Los Altos Hills
Elliot Scozzola
City of Campbell
Sheila Mohan
City of Cupertino
Zach Hilton
City of Gilroy
Sally Meadows
City of Los Altos
Rob Rennie
Town of Los Gatos
Evelyn Chua
City of Milpitas
Bryan Mekechuk
City of Monte Sereno
Yvonne Martinez Beltran
City of Morgan Hill
Pat Showalter
City of Mountain View
Larry Klein
City of Sunnyvale
Otto Lee
County of Santa Clara
svcleanenergy.org
333 W El Camino Real
Suite 330
Sunnyvale, CA 94087
Silicon Valley Clean Energy
Executive Committee Meeting
Friday, June 28, 2024
1:00 pm
Silicon Valley Clean Energy Office
333 W. El Camino Real, Suite 330
Sunnyvale, CA
Teleconference Meeting Information:
https://svcleanenergy-org.zoom.us/j/81773706474
Telephone (Audio only):
US: +1 669 219 2599
Webinar ID: 817 7370 6474
Members of the public may observe this meeting electronically by accessing the meeting via instructions above. Public Comments can be sent in advance of the meeting via email up to three hours before the meeting begins to Board Clerk Andrea Pizano at [email protected] and will be distributed to the Executive Committee. The public will also have an opportunity to provide comments during the meeting. Members of the public using Zoom may comment during public comment or the applicable agenda item by using the Raise Hand feature and you will be recognized by the Chair. Those using the telephone (audio only) feature should press star 9 on your phones to initiate the “Raise Hand” function in Zoom. You will then be announced, unmuted, and your time to speak will begin.
The public may provide comments on any matter listed on the Agenda. Speakers are customarily limited to 3 minutes each, however, the Committee Chair may increase or decrease the time allotted to each speaker based on the number of speakers, the length of the agenda and the complexity of the subject matter. Speaking time will not be decreased to less than one minute.
If you are an individual with a disability and need a reasonable modification or accommodation pursuant to the Americans with Disabilities Act (“ADA”) please contact Board Clerk Andrea Pizano at [email protected] prior to the meeting for assistance.
AGENDA
Call to Order
Roll Call
Public Comment on Matters Not Listed on the Agenda
The public may provide comments on any matter not listed on the Agenda provided that it is within the subject matter jurisdiction of SVCE. Speakers are customarily limited to 3 minutes each, however, the Committee Chair may increase or decrease
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Pursuant to the Americans with Disabilities Act, if you need special assistance in this meeting, please contact the Clerk for the Authority at (408) 721-5301 x1005. Notification 48 hours prior to the meeting will enable the Authority to make reasonable arrangements to ensure accessibility to this meeting. (28 CFR 35.105 ADA Title II).
Tina Walia, Chair
City of Saratoga
George Tyson, Vice Chair
Town of Los Altos Hills
Elliot Scozzola
City of Campbell
Sheila Mohan
City of Cupertino
Zach Hilton
City of Gilroy
Sally Meadows
City of Los Altos
Rob Rennie
Town of Los Gatos
Evelyn Chua
City of Milpitas
Bryan Mekechuk
City of Monte Sereno
Yvonne Martinez Beltran
City of Morgan Hill
Pat Showalter
City of Mountain View
Larry Klein
City of Sunnyvale
Otto Lee
County of Santa Clara
svcleanenergy.org
333 W El Camino Real
Suite 330
Sunnyvale, CA 94087
the time allotted to each speaker based on the number of speakers, the length of the agenda and the complexity of the subject matter. Speaking time will not be decreased to less than one minute.
Consent Calendar (Action)
1) Approve Minutes of the May 24, 2024, Executive Committee Meeting Regular Calendar
2) CEO Update (Discussion)
3) Workforce Strategy Update and Power Purchase Agreement Project Selection Standard (Action)
4) Recommend Accessible On-Bill Financing Pilot Contract for SVCE Board of Directors Approval (Action)
5) Authorize the Chief Executive Officer to Negotiate and Execute an Office Lease Agreement (Action)
6) Program Snapshot: Overview of SVCE’s Data Analytics Platform (DAISY) (Information Only)
Committee/Staff Remarks
Adjourn
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Silicon Valley Clean Energy
Executive Committee Meeting
Friday, May 24, 2024
10:00 a.m.
Silicon Valley Clean Energy Office
333 W El Camino Real, Suite 330
Sunnyvale, CA
Morgan Hill City Hall
17575 Peak Ave.
Morgan Hill, CA 95037
DRAFT MEETING MINUTES
Call to Order
Chair Klein called the meeting to order at 10:04 a.m.
Prior to Roll Call, Director Meadows announced she was participating remotely pursuant to AB 2449 under the “Just Cause” provision due to an illness and there were no other adults present in the room.
Roll Call
Present:
Chair Larry Klein, City of Sunnyvale
Vice Chair Bryan Mekechuk, City of Monte Sereno
Director Sally Meadows, City of Los Altos (Participated remotely under AB 2449) Director George Tyson, Town of Los Altos Hills
Director Tina Walia, City of Saratoga
Director Yvonne Martinez Beltran, City of Morgan Hill (Participated remotely)
Absent:
None.
Public Comment on Matters Not Listed on the Agenda
No speakers.
Consent Calendar
Chair Klein opened public comment.
No speakers.
Chair Klein closed public comment.
MOTION: Vice Chair Mekechuk moved and Director Tyson seconded the motion to approve the Consent Calendar.
The motion carried unanimously via roll call vote.
Item 1 Draft Minutes: 5/24/24 Executive Committee Meeting SILICON VALLEY <3/ CLEAN ENERGY
1) Approve Minutes of the April 26, 2024, Executive Committee Meeting Regular Calendar
2) CEO Update (Discussion)
CEO Monica Padilla provided a report which included:
• An update on staff’s efforts to identify an office space solution in the short and long term, with the intent to come back to the Executive Committee with findings before formalizing the budget for FY 25; and • A brief status update on CEO onboarding, which is going well.
Chair Klein opened public comment.
No speakers.
Chair Klein closed public comment.
3) Authorize Payments for the California Community Choice Association and California Community Power Membership Costs (Action)
CEO Padilla introduced the item with Zak Liske, Deputy Director of Power Resources, outlining a request for the Executive Committee to authorize payments to the California Community Choice Association (CalCCA) and California Community Power (CC Power) for membership costs associated with FY 25 and to ratify payments made for previous fiscal years. CEO Padilla provided background information on the previous budgets for both organizations, noting staff had not sought specific SVCE Board of Directors authority to make payments for ongoing annual membership costs, which were more than $100,000 and therefore exceeded the CEO’s approval authority, and the lack of clarity if the authority to make these payments was granted when membership to both organizations was approved.
Chair Klein opened public comment.
No speakers.
Chair Klein closed public comment.
Committee members thanked staff for being transparent and were in agreement on the importance of membership in CalCCA and CC Power.
MOTION: Director Walia moved and Vice Chair Mekechuk seconded the motion to recommend the SVCE Board of Directors authorize payments in the amount of $460,000 to CalCCA for fiscal year ending 2025 and ratify all such payments made for previous fiscal years; and $712,149 to CC Power for FY ending 2025 and approve and ratify all such payments made for previous fiscal years.
The motion carried unanimously via roll call vote.
4) 2025 Clean Power Supply Recommendation Offerings (Action) Kris Van Vactor, Director of Power Resources, presented the item with a request for the Executive Committee to recommend the SVCE Board of Directors authorize staff to continue to seek carbon-free resources within the Board parameters approved for 2024 (for calendar year 2025); if the carbon-free resources were not available or within budget, adjust the 100% clean goal for 2025 to the current position of ~75%-80% clean; and to assume an 85% clean position for budgeting purposes for FY 24-25.
Item 1 Draft Minutes: 5/24/24 Executive Committee Meeting
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Staff responded to committee member questions regarding messaging, the Diablo Canyon Power Plant, the regulatory change to how the Coso Geothermal renewable resource will be accounted for on the Power Content Label (PCL) in 2026 for SVCE, reportable emissions if SVCE was only using natural gas, how long SVCE anticipates the current trend will continue, municipal government Climate Action Plan impacts, and if SVCE customers have an option to purchase GreenPrime in sufficient quantities or a mix to meet Climate Action Plan goals.
Amrit Singh, CFO and Director of Finance and Administration, clarified the budget for FY 25 has not been approved, so the reference in the staff recommendation of the cost being within budget should be removed.
Committee members provided suggestions for clarity when bringing the item to the Board of Directors for approval including:
• More context to how carbon-free SVCE has been each year; • Include a chart of costs to achieve different percentage levels of clean; and • Provide a sense of future direction.
Chair Klein opened public comment.
Bruce Karney commented the only other CCA that has attempted to be completely carbon-free is Peninsula Clean Energy, and one of the important things to have in the conversation is when SVCE emits some carbon, it imposes a social cost that would not have taken place if that carbon had not been emitted, which should be considered in the analysis. Mr. Karney noted SVCE’s initial Co2 emissions were zero and have risen to 72 pounds in the last year, and these calculations will show up in reports the cities generate. Regarding the Diablo Canyon Power Plant, Mr. Karney noted there is a lot of pressure in Sacramento for the governor to stop the support for the Diablo Canyon Power Plant, and Mr. Karney expressed his preference of SVCE remaining 100% carbon-free.
Chair Klein closed public comment.
MOTION: Vice Chair Mekechuk moved and Director Tyson seconded the motion to recommend the SVCE Board of Directors approve the following for 2025:
Continue to seek carbon-free resources within Board parameters approved for 2024 for calendar year 2025;
If carbon-free resources are not available, adjust 100% Clean goal for 2025 to current position of ~78% to 85% Clean, depending on carbon-free allocations from PG&E – Option #2 – Slide 7; For FY 2024-2025 proposed Operating Budget, assume 85% Clean position. Board to consider Budget in September 2024
The motion carried unanimously via roll call vote.
5) Intro to 2025 Strategic Plan (Discussion)
CEO Padilla presented an introduction to the 2025 Strategic Plan and Strategic Focus Areas, with a request for feedback from the committee on the ideas identified thus far. The presentation included information on the FY 24-25 Strategic Planning and budget process, a review of the existing Strategic Focus Areas, highlights on progress for the existing Strategic Focus Areas, input and direction from staff on the FY 25 Strategic Focus Areas, and next steps. CEO Padilla summarized changes to FY 25 to remove existing Strategic Focus Area #4:
Implement Innovative Financing Solutions and to add a Strategic Focus Area relating to affordability.
Chair Klein opened public comment.
Bruce Karney was in agreement that affordability is a critical variable and framed it in the context of “what can you do with money to transform people’s choices about how to power their homes, and heat their buildings and Item 1 Draft Minutes: 5/24/24 Executive Committee Meeting
SILICON VALLEY
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their water”. Mr. Karney suggested SVCE’s per kilowatt hour rate be a fraction below competitors, but incentive programs for those who have made a transition, or incentives to make transitions, should be made affordable.
Chair Klein closed public comment.
Committee members provided feedback and were in consensus to support the new Strategic Focus Area on affordability and to remove the financing solutions focus area for 2025. 6) Program Snapshot: Community Energy Resilience Program (Information Only) Zoe Elizabeth, Deputy Director of Decarbonization Programs and Policy, introduced the item and Jessica Cornejo, Senior Programs Specialist, presented information on the Community Energy Resilience program, which provides grants to each member agency to invest in capital projects that support municipal and community resilience. Senior Programs Specialist Cornejo highlighted various innovative projects, including a solar plus battery install at the Milpitas Community and Senior Center; building and EVI resilience at the City of Cupertino and City of Sunnyvale; and emergency operations and heat mitigation at the City of Saratoga and Town of Los Altos.
Staff responded to committee member questions regarding the projects, particularly the cool pavement coating in downtown Los Altos.
Chair Klein opened public comment.
No speakers.
Chair Klein closed public comment.
Committee/Staff Remarks
Director Tyson announced there was an article regarding PG&E in the San Jose Mercury News published that day.
Adjournment
Chair Klein adjourned the meeting at 12:05 p.m.
ATTEST:
_____________________________
Andrea Pizano, Board Secretary
Item 1 Draft Minutes: 5/24/24 Executive Committee Meeting SILICON VALLEY <3/ CLEAN ENERGY
Staff Report – Item 2
Item 2: CEO Update
From: Monica Padilla, CEO
Prepared by: Andrea Pizano, Sr. Executive Assistant and Board Clerk Date: 6/28/2024
This item will be addressed in the form of an oral report to the Executive Committee.
Item 2
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Staff Report – Item 3
Item 3: Workforce Strategy Update and Power Purchase Agreements Project Selection Standard
From: Monica Padilla, CEO
Prepared by: Bena Chang, Director of Government and Legislative Affairs Date: 6/28/2024
RECOMMENDATION
Staff requests that the Executive Committee receive an update on SVCE’s workforce strategy and recommend the Board of Directors direct staff to adopt the Power Purchase Agreements Project Selection Standard as proposed in Attachment 1.
BACKGROUND
SVCE’s mission is to reduce the dependence on fossil fuels by providing carbon free, affordable, and reliable electricity and innovative programs for the community. The California Air Resources Board’s 2022 Scoping Plan estimates that California will need 120,000 MW of new renewable resources by 2030 to meet the state’s ambitious greenhouse gas reduction targets. The transition of the grid to carbon-free and the conversion of over a million machines to clean electricity in SVCE territory needs workers from across the entire ecosystem including electrical engineers, line workers, and contractors.
In May of 2023, SVCE staff presented a workforce strategy to the Executive Committee. The Committee provided feedback that SVCE should play a supporting versus leading role on workforce development for the utility sector in general. The Committee also indicated interest in supporting local workforce development efforts for building and transportation electrification and having SVCE enhance the work of existing stakeholders in this space including unions, community colleges, workforce development agencies, and nonprofit organizations.
Recently, SVCE’s activities have included the following:
Power Procurement
• Project Labor Agreements: SVCE includes a Project Labor Agreement Preference in our power purchase agreement Requests for Proposals. Project Labor Agreements often include provisions including the use of prevailing wages, apprenticeship program support, and anti-strike provisions.
SVCE staff have developed a Power Purchase Agreements Project Selection Standard to express these preferences (Attachment 1). To date, SVCE has signed 21 Power Purchase Agreements, which have generated more than 2,700 construction jobs.
Programs
• Guiding Principles: SVCE recognizes the importance of a strong workforce for the region’s ability to rapidly electrify at scale. During SVCE’s work on local programs, staff have been working to:
o Solicit feedback from stakeholders, including workforce entities particularly for large, construction-related projects, throughout the design and implementation of programs; Item 3
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Agenda Item: 3 Agenda Date: 6/28/2024
o Incorporate elements into our programs based on this feedback to support local workforce businesses, union labor, and local apprenticeship programs; o Assess how SVCE’s portfolio of programs is increasing strength of local workforce by providing local demand for jobs/work, fair compensation for work performed, and the opportunity for easy participation for workers in projects. • Spurring Market Demand: Through SVCE’s programs like FutureFit Home Rebates, the Go Electric Advisor (concierge program), reach codes, and existing buildings policy work, staff have helped customers install thousands of electric devices across the region. And as these programs scale, and others launch, SVCE will continue to spur strong demand in the market for local clean energy jobs. Staff have heard in conversations with local workforce groups that growing demand for these services will help widen the pipeline of new jobs to support ongoing growth in the market.
• Funding and Support for Prevailing Wage: A key element of spurring market demand is ensuring that the jobs are paying wages that sufficiently support those doing the work. SVCE has provided increased incentives to help pay state-required prevailing wages and has chosen to increase the payment rate on some projects to prevailing wage levels just to better support the installers. Examples of recent activities include:
o Setting incentive levels for programs including Priority Zone DC Fast Charging program, CALeVIP, and Multifamily EV Charging Installation Incentive Program to reflect prevailing wage requirements. Informing awardees of state prevailing wage requirements. o Requiring prevailing wage be paid to installers working on the single-family direct installation program, which goes above state requirements. Stakeholders, including Rising Sun Center for Opportunity, have stated that prevailing wage is a labor standard best practice.
• Supporting Workforce Organizations and Activities: The Board added $1.3 million in program funding to prepare workforce in SVCE service territory to electrify buildings at scale, enhance existing regional electrification efforts, and invest in local workforce initiatives. Staff is considering how best to deploy this new funding, utilizing previous and ongoing input from local workforce stakeholders.
• FutureFit Fundamentals Contractor Training: SVCE worked with Evergreen Community College’s Workforce Institute to launch an online training program to introduce residential electrification and electric appliances to contractors. Program participants receive $500 for completing the 5-hour program and may be eligible for an installation incentive of up to $5,000 to install qualifying electric appliances in their home or place of business. To date, more than 170 contractors have gone through the training, and we have received positive feedback.
Advocacy
• State Funding: SVCE has advocated in previous years for additional funding in the state budget to provide training and education for workers to attain new, clean jobs to build offshore wind, install EV chargers, and upgrade homes and schools.
Additional Activities
• Deep Engagement with Stakeholders: SVCE staff has built upon last year’s work of reaching out to more than 20 stakeholders and has expanded and deepened partnerships with leading workforce organizations including NOVAworks, Emerald Cities Collaborative, IBEW 332, Santa Clara and San Benito Counties Building Trades Council, Working Partnerships USA, and Rising Sun Center for Opportunity. SVCE staff also serve on the Bay Area Building Electrification High Roads Training Partnership and the South Bay/Peninsula High Road Roundtable, two broad regional coalitions that are advancing workforce development.
• Leadership with Bay Area CCAs: SVCE is leading a coalition of Bay Area CCAs to help the region implement the Bay Area Air Quality Management District’s Rules 9-4 and 9-6 that would prohibit the sale of gas water heaters and furnaces in 2027 and 2029. This has included coordination on a wide range of topics from workforce development, technical analyses, communications strategies, and regional funding needs.
Item 3
Agenda Item: 3 Agenda Date: 6/28/2024
ANALYSIS & DISCUSSION
SVCE's most powerful levers for supporting clean energy job growth are from the construction of utility-scale power projects and programs that support local electrification projects. While SVCE’s core work and expertise is not focused on workforce development, staff recognize that a strong workforce is vital to meeting SVCE’s clean energy and decarbonization mission. In addition to supporting jobs through utility-scale power projects and programs, SVCE also continues to explore ways to enhance the work of existing organizations who are the experts in workforce development and actively participates in regional clean energy coalitions.
STRATEGIC PLAN
SVCE’s workforce development and strategy aligns with the Strategic Plan goal to identify ways to support local workforce development for customer-sited projects through identifying strategic partnerships.
ALTERNATIVE
The Executive Committee could advise SVCE to stop certain activities, adopt a different Project Selection Standard, or pursue different strategies for strengthening decarbonization workforce development.
ATTACHMENTS
1. Power Purchase Agreements Project Selection Standard Item 3
ATTACHMENT 1: POWER PURCHASE AGREEMENTS PROJECT SELECTION STANDARD I. PROJECT SELECTION STANDARD
The Project Selection Standard (“Standard”) shall be applied as part of the process of acquiring energy and capacity resources for new build, or substantial repower projects involving construction labor, in front of the meter electricity generation, or storage resources where SVCE does not own, develop or construct the generation or storage facility. Projects considered for Power Purchase Agreements (PPA) will be evaluated based on best fit and value while considering regulatory mandates, reliability, risk mitigation, and other relevant factors including the following goals:
A. Contributions to SVCE’s mission
1. Assessment and evaluation of proposed projects’ operational performance and market economics to ensure selected projects maximize Regulatory and Market Value to SVCE and its customers.
2. Assessment and evaluation of Counterparty and Development Risk.
B. Workforce Development
SVCE is committed to stimulating its local economy through, among other measures, supporting projects committing to applying prevailing wage rates as required by law, and supporting a local Skilled and Trained Workforce with construction work performed by appropriate Journeypersons and Apprentices from a state-approved apprenticeship training program. SVCE will prioritize Power Purchase Agreements where there is a multi-craft project labor agreement. Work done under a multi-craft project labor agreement shall be deemed to meet the requirements of payment of prevailing wages and use of apprentices and shall supersede the Skilled and Trained Workforce requirement.
C. Technology Diversity
SVCE recognizes the importance of diversifying technology in its portfolio to minimize risk.
1. All else being equal, SVCE will prioritize projects that will diversify technologies in its current portfolio.
Item 3
Attachment 1 DRAFT
D. Location
SVCE prioritizes projects within the California Independent System Operator (CAISO) and/or certified deliverability to the CAISO in accordance with the following:
1. Projects located within SVCE’s service territory.
2. Projects that minimize geographic risk.
3. Projects interconnected with CAISO.
4. Projects interconnected outside of CAISO.
E. Environmental Stewardship
SVCE is committed to leading by providing customers with energy that delivers benefits for air, water, and the natural environment while avoiding impacts to important lands, species, and waters. Without diminishing or interfering with permitting, land use or development requirements of any authority with jurisdiction including local, state, and federal agencies, SVCE prioritizes projects that:
1. Avoid sensitive habitats for any endangered plant or animal species or other environmentally sensitive areas; and
2. Where the developer and local land use authority have established an enforceable development agreement which, in part, sets forth measures to mitigate impacts to sensitive habitats or environmentally sensitive areas.
II. REPORTING
A. SVCE will assess project proposals in accordance with this Project Selection Standard and report to the SVCE Board of Directors the results of such assessment at the time of the project approval.
III. DEFINITIONS
A. Regulatory Value: The project’s anticipated ability to satisfy SVCE’s regulatory compliance requirements such as Resource Adequacy, Renewable Portfolio Standard, integrated resource planning, and other binding orders or directives received from regulatory bodies.
Item 3
Attachment 1 DRAFT
B. Market Value: The project’s projected revenues across all relevant day-ahead real-time and ancillary markets. Market Value shall also assess a project’s ability to manage, shift, or arbitrage existing SVCE generation to maximize revenue and renewable energy generation on behalf of SVCE and its customers.
C. Counterparty Risk: The risk that a counterparty will fail to perform, or adequately remedy, its obligations. Counterparty Risk is inclusive of Development Risk.
D. Development Risk: The risk that the project is unable to obtain interconnection, deliverability, site control, entitlements, financing, or other necessary development milestones required to deliver the project on or ahead of the anticipated online date.
E. Power Purchase Agreements: An agreement that provides for construction but wherein SVCE’s participation in the project is limited to receiving energy and any applicable attribute at a set price and term. This includes power purchase agreements, energy storage agreements, resource adequacy only agreements, or other energy product agreements.
F. Journeyperson: Is a worker who either:
1. Graduated from a California state-approved apprenticeship program for the applicable occupation or, when located outside California, approved for federal purposes pursuant to apprenticeship regulations adopted by the Secretary of Labor, or
2. Has at least as many hours of on-the-job experience in an applicable occupation as would be required to graduate from an apprenticeship program for the applicable occupation that is approved by the California Division of Apprenticeship Standards.
G. Skilled and Trained Workforce: means a workforce in which:
1. All workers performing work in apprentice-able occupations in the building and construction trades are either skilled Journeypersons or Apprentices registered in an apprentice program approved by the Chief of the Division of Apprenticeship Standards, as defined in Chapter 2.9 of Part 1 of Division 2 of the California Public Contracts Code.
Item 3
Attachment 1 DRAFT
Staff Report – Item 4
Item 4: Recommend Accessible On-Bill Financing Pilot Contract for SVCE Board of Directors Approval
From: Monica Padilla, CEO
Prepared by: Jessamyn Allen, Decarbonization Programs & Policy Programs Lead Justin Zagunis, Director of Decarbonization Programs and Policy Date: 6/28/2024
This item will be addressed in the form of a presentation to the Executive Committee regarding the on-bill financing pilot concept and contracts coming to the Board for approval in August 2024.
Item 4
ATTACHMENTS
1. The presentation for this item will be posted to SVCE’s website SILICON VALLEY \3/ CLEAN ENERGY
Staff Report – Item 5
Item 5: Authorize the Chief Executive Officer to Negotiate and Execute an Office Lease Agreement
From:
Prepared by:
Monica Padilla, CEO
Karen Chang, Manager of Finance and Risk Controls
Amrit Singh, CFO and Director of Administrative Services Date: 6/28/2024
RECOMMENDATION
Staff requests the Executive Committee recommend the Board of Directors authorize the Chief Executive Officer (CEO) to pursue leasing an office space with the following parameters:
• 3-5 year lease with target start date of October 2025 • Seek 11,000 to 14,000 square feet of a Class A building • Located within SVCE’s service territory
• If new lease is not able to start by October 2025, authorize extension of current lease for up to 6 months
The terms and conditions of a new lease for a new space, will be brought to the Board of Directors for approval in closed session.
BACKGROUND
SVCE took possession of its current office space in June 2020. The current lease will expire in October 2025.
SVCE was in start-up phase at the time of the lease signing and the current location was sufficient. As the agency has matured and employee headcount has adjusted in response to the needs of the business, the current facility space has become inadequate.
ANALYSIS & DISCUSSION
Over the past six months, staff has been working to identify potential properties and discuss lease terms. Staff commissioned a real estate broker to evaluate several options, including:
a) Lease a larger space within our current location or at another building within the service territory. b) Purchasing a facility
Staff will present to the Executive Committee a summary of its internal analysis and research into office spaces in support of the recommendation outlined above.
STRATEGIC PLAN
Expanding the office falls under the Attract & Retain Employees goal of SVCE’s Strategic Plan.
ALTERNATIVE
Staff is open to suggestions from the Executive Committee regarding negotiating and executing an office lease.
FISCAL IMPACT
To be determined.
Item 5
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Staff Report – Item 6
Item 6: Program Snapshot: Overview of SVCE’s Data Analytics Platform (DAISY) From: Monica Padilla, CEO
Prepared by: Andrea Pizano, Sr. Executive Assistant and Board Clerk Date: 6/28/2024
This item will be addressed in the form of a presentation to the Executive Committee providing a snapshot overview of SVCE’s Data Analytics Platform (DAISY).
ATTACHMENT
The presentation for this item is posted to SVCE’s website.
Item 6
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