RES 94083 - Laserfiche WebLink

Regarding the purchase of the site for the park, staff feels that the program is presented to clearly show that a revenue source to purchase the site has not yet been identified. However, staff is expecting to present Council with a report and recommendation on this matter within the next few months. Additionally, the CIP clearly states that no expenditures will be made for the purchase of the property until a financing plan has been approved by the City Council. As a result of the above, staff recommends maintaining the presentation of the North Pleasanton Community Park as stated in the CIP. If the Council deems it appropriate to not show revenue for this project, staff recommends that it continue to track the park dedication fees from the two projects mentioned previously to assure that they are segregated from other revenue to assure that it is not applied to another project. 2. Funds earmarked for the Pleasanton Tennis and Community Park/Phase III, should be allocated to the proposed Community Pool project to reflect the pools high priority status. Based upon projected park dedication fee revenue and the time lines required to complete these two projects, they both should be able to move forward simultaneously. However, while a total of one million dollars is allocated to each of these projects in 1994/95, only a small portion of that money (less than $300,000) will actually be spent during the year. The remainder is allocated to create a reserve to meet future project costs. As a result, should actual revenues fall short of revenue projections to the point that it is not possible to fund both projects, the Council will have the opportunity to transfer the majority of the revenue currently allocated for the Pleasanton Tennis and Community Park/Phase III to the Community Pool project as part of the 1995/96 or 1996/97 CIP review if deemed appropriate. As a result, staff recommends that the Community Tennis and Community Park/Phase III remain as presented in the CIP. 3. The golf course should be shown as a high priority project. The Municipal Golf Course is currently listed in the "Other Unfunded" category to reflect the fact that there is not yet a complete golf course plan or financial strategy established for this project. However, if deemed appropriate by the Council, this project can be moved to the "High Priority" category. If the Council is interested in this option, the appropriate action would be to include this project as a high priority unfunded project as part as the motion adopting the CIP and staff will amend the attached resolution approving the program to reflect Council's action. 4. Increase funding for park play equipment from $28,500 to $50,000. As presented in the CIP, the Miscellaneous Projects category, which includes the park play equipment, has a projected ending year balance for FY 1994/95 of $1,988.00. SR94: 242 3