CC MIN 05312022 - Laserfiche WebLink

Mayor Brown inquired if the $2.3 million for Dublin Freeway reimbursement could be used for parks. Interim Finance Director Shah stated it is restricted but will need to confirm. Mayor Brown inquired if the $1.5 million in Park Development Impact Fees could be used for park work. Interim Finance Director Shah explained the Park Development Impact Fees are restricted to projects approved by nexus study and Century House and the skatepark are not identified as approved projects. Mayor Brown inquired about the $3.5 million for new Community Park Site Acquisition. Interim Finance Director Shah explained a Nexus Study was conducted in 2004 specifically for buying a new park which was approved by the City Council. She noted it was supposed to be the last park purchase in Pleasanton. She reported staff will be researching to see what the options are for using that funding. Mayor Brown inquired what the Century House project needs to make the property available for weddings and events. Director Kirkpatrick reported the estimate is $4 million and would include foundation work, fixing the back room addition, new electrical, new plumbing, Americans with Disabilities Act (ADA) compliant bathrooms, and updated staircases to be compliant with existing code. Mayor Brown referenced the General Fund Reserve maximum of 30% and noted it sounds like an excessive number. Interim Finance Director Shah noted the potential of recession and there is uncertainty around another surge of COVID. Mayor Brown expressed surprise that the Repair & Replacement Fund was doubled. Interim Finance Director Shah explained that was a direct result of COVID-19 impacts for a couple of years due to deferred maintenance, deferred purchases, staff shortages, and resource shortages. She reported in an average year $5.6 million is spent. Mayor Brown noted that the City funded $1 million worth of gym repairs for the Pleasanton Unified School District (PUSD). Director Yurchak reported the three middle school gym expenses are shared equally between the City and PUSD. Councilmember Arkin agrees with much of the staff recommendations. She recommended lowering the General Fund Reserves from 30.7% to 29.7% or somewhere close to $2 million so it can be put towards other projects. Councilmember Testa noted she wants to do all of the projects but recognizes the need for some of the more practical and essential projects although she does not like dividing up the money. She would like to see some projects completed and recommended moving the Century Housing funding to the skatepark. She also encouraged completing the cricket pitch. She thanked staff for setting aside funds to respond to the concerns regarding the Zone 7 trails. Mayor Brown inquired if Councilmember Testa wants to keep the $3.1 million for the Library roof. Councilmember Testa believes it needs to get done but feels the funds for the skatepark could be realized if they are allocated from the Century House. Mayor Brown inquired if Councilmember Testa would support taking $2 million from the General Fund Reserve to fund the skatepark and leave Century House alone. Councilmember Testa advised she would support that. Councilmember Narum reminded the dais that the Rainy Day Fund was going to be pulled out over three years to help with CIP. She expressed concern that the projected ending General Fund Reserve balance is 24.33% of expenses. She understands 30.7% is very enticing but $2.5 million per year for the next three years was to move into CIP to make up for the pandemic. Councilmember Narum advised the City is known for maintaining fiscal sustainability and is uncomfortable with adding new amenities such as the skatepark. She expressed support for maintaining existing amenities before introducing new ones. She believes the City needs to put more City Council Minutes Page 8 of 11 May 31,2022