RES 03082 - Laserfiche WebLink

Park dedication fees are limited to projects related to acquiring parkland. A total of $6.669,923 is included in the four years of the CIP to establish a reserve to acquire land for new community park(s). Specific location of the park(s) has not yet been determined. A total of $650,000 is included in FY 2003-04/2004-05 to augment an existing reserve of $890,000 for the acquisition of a park in south Pleasanton. Staff is currently evaluating potential sites for this park. · A total of $425,000 is included in FY 2003-04 to provide additional funding to the Val Vista Park to address a modification to park elements and to address unforeseen costs. MISCELLANEOUS The CIP includes $100,000 annually to augment the existing reserve of $900,000 for downtown parking improvements. Improvements could include improvements to the Alameda County Transportation Corridor and will be implemented in cooperation with the Pleasanton Downtown Association. A total of $7,565,000 is included in this CIP as part of the Bemal property improvements reserve. It is anticipated that this reserve will be used to fund future projects on the Bemal property. The current reserve is estimated at $I .440,000. The City Hall office building and Civic Center site improvement reserve is currently at approximately $5,500,000. This CIP includes an additional $4.830,000 over the next four years to be added to this reserve. $300,000 is included in FY 2003-04 to construction rest rooms in Delucci Park. The construction of rest rooms is a high priority for City Commissions. The CIP includes a total of $1,200,00 in funding over the next four years to fund Downtown Specific Plan improvement projects. This funding is in addition to an existing reserve of $200,000. As staff more fully develops projects as part of the Downtown Specific Plan, recommendations will be made regarding funding specific projects from this reserve. With the relocation of Fire Station #4 from Railroad Avenue to the Bemal property, the City will begin the process of programming a new use for the current Railroad Avenue building. To facilitate this project, the CIP includes $2,000,000. of which $500,000 is included in FY 03-04, to fund this project. The exact scope of the project will be determined following the completion of a Master Plan which will begin in FY 03-04. As indicated above, Fire Station #4 will be relocating from Railroad Avenue to the Bemal property. The CIP includes $1,100,000 to augment an existing reserve of $2,200,000 for this project. The project is currently in the final design phase with construction scheduled to begin in FY 2003-04. xviii