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As a result, there is not adequate revenue to support this increase without adjusting <br />available revenue or modifying a project(s) recommended for funding. However, <br />while these options are available, staff is of the opinion that the $28,500 is <br />adequate to meet existing park play equipment needs. <br />As stated at the CIP workshop, depending on the progress of the proposed Case <br />Avenue project, approximately $730,000 may be transferred from the City's <br />Lower Income Housing Fund to the Capital Improvement Program to cover the <br />cost of development fees that have been waived to support the project. Of this <br />total amount, approximately $383,000 will be available to the Miscellaneous <br />Projects category which could be used to support additional play equipment. As <br />a result, staff recommends tracking the progress of the Case Avenue project and <br />informing the Council of the availability of the revenue after it has been received <br />as part of the City's quarterly financial report. At that time, the Council will have <br />an opportunity to amend the program for the purpose of allocating revenue to this <br />project if it is needed to meet additional replacement needs. <br />5. The Fairlands Park Rehabilitation project should take place in fiscal year <br />1994/95 rather than 1995/96 as proposed in the CIP. Because this project is <br />included in the Miscellaneous Projects category, funding availability is similar to <br />the play equipment project detailed above. As a result, should revenue become <br />available through the payment of fees for the Case Avenue project, staff will <br />inform the City Council of this fact as part of its quarterly financial reports and <br />the Council will have an opportunity to fund the project at that time. <br />6. A more thorough review of the East Amador Trunk Sewer Rehabilitation <br />project is necessary prior to the approval of funding. As staff indicated at the <br />CIP workshop, staff will provide the Council with a separate staff report on this <br />item prior to proceeding with the issuance of a request for proposal to begin <br />contract work on the project. However, because of the significant need for this <br />project, staff recommends that it be retained as a funded project as presented so <br />that work can begin on project planning and design. <br />FISCAL IMPACT <br />Fiscal year 1994/95 of the program anticipates $25,570,455 in revenue to support project <br />expenditures of $21,031,563. Included in these totals is $7.2 million of revenue from an <br />unidentified source to purchase a 33 acre site that will be used to house the park. With <br />the exception of this revenue, all other revenue sources in the first year of a program are <br />SR94: 242 4 <br />