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THE CITY <br /> <br />pL£AS&NTON <br /> <br />City Council <br />Staff Report <br /> <br /> March 15, 2005 <br />Public Works Department <br />Finance Department <br /> Law Department <br /> <br />SUBJECT <br /> <br />APPROPRIATION OF FUNDS TO COMPLETE THE CALLIPPE <br />PRESERVE GOLF COURSE AND OPEN SPACE PROJECT, <br />APPROVAL OF AMENDMENTS TO CONSULTANT <br />AGREEMENTS TO PROVIDE VARIOUS PROFESSIONAL <br />SERVICES FOR CONSTRUCTION SUPPORT, AND DIRECTION <br />TO STAFF CONCERNING THE REDESIGN OF THE DRIVING <br />RANGE <br /> <br />STAFF RECOMMENDATION: <br /> <br />Staff recommends the Council take the following action at its meeting of <br />March 1, 2005: <br /> <br />Appropriate $983,802 from additional interest earnings generated from <br />the golf course construction fund balance to the project construction fund <br />and authorize use of any additional accrued interest in the golf course <br />construction fund. <br /> <br />Appropriate $1,218,698 from the Miscellaneous Reserve for Previously <br />Funded Capital Improvement Projects to the golf project construction <br />fund. <br /> <br />Authorize a temporary loan (if necessary) from the Water Fund of up to <br />$5 million until such time as the golf course lot developers reimburse the <br />City for work performed to benefit the residential lots. <br /> <br />Approve contract amendments with various consultants as delineated in <br />Attachment A. <br /> <br />SR:05:068 <br />Page 1 <br /> <br /> <br />