CCMIN060413 - Laserfiche WebLink

Ms. Wagner stated that staff would return to the Council on June 1891 for adoption of the Two Year Budget and offered to answer any questions. Mr. Fialho introduced the Four Year Capital Improvement Program, which includes two transfers totaling $2.3 million from the General Fund. Mr. Bocian presented the CIP, explaining that the CIP budget deals primarily with one time capital costs. The four year plan covers 63 projects totaling approximately $39.1 million. He provided an overview of the CIP Fund, which opens the year with a balance of $27.5 million, comprised of monies from Water and Sewer, Streets, Parks and Miscellaneous funds. The fund is projected to carry an ending balance of $24 million, most of which is reserved and allocated for specific: uses in the future. In addition to the General Fund transfers noted by Mr. Fialho, funding sources include a range of grants, ongoing Development Impact Fees, Utility Fund transfers and ongoing Streets revenues. He presented several slides showing a breakdown of fees, the relationship between financial resources and actual expenditures year to year, and a CIP comparison including the preceding and next 2 years. He showed additional slides depicting projected expenditures across the 5 programs of the CI P. Mr. Bocian explained how the adopted Council priorities are used to determine wF ich projects to fund in each program cycle. He called specific attention to the Pioneer Cemetery Project which does not have funds allocated in this CIP but staff does expect to return to the Council in the fall with a recommendation for moving through the master plan process. He also noted that the City is in the middle of a master plan for the Lion Wayside Park project, which staff expects tc complete by the end of the calendar year so that they can begin to work on prioritizing the project. Other notable projects include Phase 3 of the 1-580 at Foothill improvements, which is preparing to move forward towards actual construction, Phase 1 of the Old Vineyard Trail, and Bernal Park Phase 2. The estimated cost of the latter is $16.5 million, $14.3 of which is funded. Staff anticipates all drawings to be complete and ready to present to the Council in the late winter of early sp-ing. Funding sources include $10.6 million in City funds and $3.1 million from East Bay Regional Parks Measure WW revenues. General Fund contributions to the project include excess revenue from previously completed projects as well as $378,000 from the Happy Valley Bypass Road Reserve. The reserve balance of about $800,000 will remain with the bypass road project and a determination regarding its use will be made at a later date. Staff is also recommending that the Council authorize the transfer of $839,000 in In-Lieu Park Dedication fees left over from smaller projects. Staff is continuing to work with local sports group to close the funding gap and is confident they will have identified additional funds by the time a contract is ready to be awarded. Councilmember Brown asked and Mr. Fialho confirmed that the transfer from the bypass road reserve consists of General Fund monies, not developer funds, and that developer funds will remain available should the bypass road ever be built. Mr. Fialho clarified that the funds were collected for development related purposes for some kind of transportation related activity in the area and cc uld be reprogrammed for another related use. Mayor Thorne opened the item for public comment. Mike Hosterman, PDA President, said the PDA board has identified improvements to Lions Wayside and Delucchi Park as one of its top 4 priorities in each of the last 3 years. The I'DA believes strongly that these valuable community assets are in need of updates in order to better serve residents and visitors to the downtown. The Parks and Recreation Commission reviewed the Parks Master Plan last Thursday and voted unanimously to support version A, which includes removal of the large granite blocks currently located in the ditch, filling the ditch, repositioning the bandstand to a location near the current icehouse, and installing removable bollards. The PDA is excited to see these parks improved because they serve as a gateway to the downtown, enhance the beautiful Firehouse Arts Center, and will increase the overall usability of that space. The PDA is eager to participate in the renovation City Council Minutes Page 13 of 16 June 4, 2013