RES 03082 - Laserfiche WebLink

Provide $175,000 in additional funding for removal of the old bridge foundation at the Arroyo de la Laguna at Bemal. The new budget is $300,000. Provide $55,000 to replace the curb, gutter and street resurfacing of Haleakala Court. This court is in disrepair and is used as an entryway to the Arroyo Mocho Canal. The CIP includes a total of $650,000 to replace curb and gutters as part of street resurfacing projects. First year fimding is $125,000 escalating to $200,000 in year four of the CIP. $300,000 is included to complete the undergrounding of street lights and laterals at First and Kottinger. The First and Kottinger area is one of last sections on First Street requiring undergrounding. A total of $200,000 is included over the four years of the CIP for neighborhood traffic calming devices which will be installed in cooperation with neighborhood groups. It is anticipated, that the cost of these projects will be offset by neighborhood contributions. $40,000 is included as additional funding to a project reserve of $275,000 for the reconstruction of Pleasanton Avenue from Rose Avenue to Division Street. This project is anticipated to be completed in FY 2003-04. $260,000 is included in FY 2003-04 as additional funding to a reserve of $996,000 for the reconstruction of Second Street from Kottinger to Neal Street. A total of $480,000 is included as part of the City's annual sidewalk and intersection ramp program. $190,000 is included as additional funding for existing project reserve of $752,750 for Stanley Boulevard and Valley Avenue/Bemal Avenue widening. The CIP also includes $300,000 annually beginning in FY 2004-05 for the installation of new traffic signals at various locations. This annual funding should pay for approximately two traffic signals per year. Staff will provide Council with information regarding the specific signal locations prior to their installation. PARKS $500,000 is included in FY 2003-04 as the final funding phase for development of the Alviso Adobe Park. Total project reserves are estimated at approximately $3,000.000. In anticipation of the development of the Bemal Community Park, $2,335,000 is included during the first two years of the CIP for this project. As a result, it is estimated that a total of $4,448,714 will be available by end of FY 2004-05 to cover the initial phase of park development. xvii