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<br /> <br />PREPARED BY : RYAN BAKER <br /> Library Director <br /> <br /> <br />Reviewed by: Town Manager , Assistant Town Manager, Town Attorney , and Finance Director <br /> <br /> <br />110 E. Main Street Los Gatos, CA 95030 ●A 40 8 -354 -68 32 <br /> <br />TOWN OF LOS GATOS <br />COUNCIL AGENDA REPORT <br />MEETING DATE: 0 6 /19 /2018 <br />ITEM NO: 16 <br />ADDENDUM <br /> <br /> <br /> <br /> <br />D ATE : JUNE 1 8 , 2018 <br />TO : MAYOR AND TOWN COUNCIL <br />FROM: LAUREL PREVETTI, TOWN MANAGER <br />SUBJECT: RECEIVE THE ARTS AND CULTURAL COMMISSION’S PUBLIC BENEFIT <br />ASSESSMENT FOR PUBLIC ART RESEARCH STUDY AND PROVIDE <br />DIRECTION ON THE COMMISSION’S RECOMMENDATION TO PREPARE AN <br />ORDINANCE DESIGNATING ONE HALF OF ONE PERCENT OF ALL PRIVATE <br />BUILDING PROJECTS WITH TOTAL CONSTRUCTION COSTS GREATER THAN <br />$200,000 FOR FUNDING PUBLIC ART PROGRAMS IN THE TOWN <br /> <br /> <br />REMARKS : <br /> <br />The following questions were received from a Council member after di stribution of the staff <br />report. Council member questions are in bold and staff response is contained in tables: <br /> <br />1. What are typical projects that would have a valuation of $200,000 or more in Los Gatos? <br /> <br /> <br /> Cost per <br />S quare F oot <br />Equivalent $200,000 <br />V aluation P roject <br />New Hillside Home $337 593 square foot home <br />New Non -hillside Home $241 829 square foot home <br />Non -hillside Remodel $84 2,380 square foot remodel <br />New Office $263 760 square foot office <br />Commercial T enant Improvement (T/I) $110 1,818 square foot T/I <br />Office T/I $157 1,273 square foot T/I <br /> <br /> <br /> <br />