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pump station improvements and upgrades, many of which are near completion or are in design and ready to come forward to be awarded by the Council. One notable project is the Del Valle Parkway- Nevada Street sewer station. She explained that staff has been trying to put this project forward and has been in negotiations with property owners for some time. The project is now in the early stages of being formulated by staff so that it can be put before the Council for approval. Ms. Wagner presented the Water Enterprise Funds, again consisting of repair and replacement as well as expansion monies. The fund balance increased from $10.2 million to $13.3 million last fiscal year as a result of both unanticipated revenues and project carryovers. Revenue excesses occurred mainly in the area of interest income and the receipt of Vineyard Avenue Corridor Specific Plan fees from the Toll Brothers project. The Miscellaneous Fund balance started at $14.2 million and ended at $14.5 million, again resulting from increased interest income and project carryovers. Of those projects carried over, the largest relates to downtown parking improvements and the purchase of the Alameda County Transportation Corridor. As the Council might recall, a portion of that property is contaminated and awaiting mitigation so $1 million has been set aside for its future purchase. She stated that staff is also requesting to carry over Capital Improvement Reserves in the amount of $1.1 million and the City Hall Office Building and Civic Center Site Reserve in the amount of$1.9 million. Councilmember McGovern asked if there has been any progress on decontaminating the aforementioned site. Mr. Fialho said no, the County has not initiated any cleanup to date, and Councilmember McGovern asked that it be discussed at the next county liaison group meeting. The Parks Fund balance started at over $12.9 million and ended at $12.2 due to an $11.1 million carryover of appropriated funds and a considerable increase in park dedication in lieu fees. The majority of expenditure carryovers are due to improvements at the Dolores Bengtson Aquatic Center, which is well underway, and reserves for general trail improvement and development, Bernal property improvements, Bernal property trails, and new community park site acquisition. Councilmember Sullivan asked and Mr. Fialho confirmed that the Staples Ranch Community Park reserve has no balance. Mr. Fialho noted that while the Community Park Site Acquisition Reserve of $1.8 million is limited to site acquisition per Council policy, state law does allow the use of park in lieu fees for both acquisition and improvement. Staff does intend to come forward with a recommendation to change the Council policy in order to free up some of those funds for the Staples Ranch community park. The Streets Fund started at $31.7 million and ended at $31.3 million, with $21.7' million in carryovers and considerable revenue increases related to Vineyard Avenue Specific Plan and traffic impact fees. Councilmember McGovern asked where the Old Stanley Boulevard Improvement project stands. Ms. Wagner said $2.1 million in reserves is currently allocated for the project, but most recent estimates suggest a total cost of $4 million in today's dollars. The current plan to bridge that gap is to utilize Rule 20B monies from PG&E. Mr. Fialho explained that the City Engineer established an assessment district in the Old Stanley neighborhood, as required by PG&E. This City started collecting credits earlier this year and anticipates having collected sufficient funds to start the project in the next couple of years. Staff is looking at whether the City can borrow the money internally and then pay itself back with the Rule 20B credits, but he cautioned that PG&E has very strict regulations on how those credits can be applied. He noted that the project was also delayed by the additional engineering work required by the decision to underground the utilities in this district. City Council Minutes Page 7 of 9 November 20,2012