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Improvement programs. It was changed to a four-year program to be more consistent <br />with the City's operating budget, which occurs every two years. <br />Mr. Bocian advised that C>9 unique projects were recommended for funding in the first <br />two years, and that approximately $75 million will be expended during the Four-year life <br />of the program. Staff estimated that the amount of available financial resources for those <br />projects would be approximately $93 million. Included in the CIP are: <br />1 . "I'he C:ity's debt service ~$ 1 5 million over the t3rst two years; <br />2_ Annual street maintenance; <br />3. Annual water and sewer systeiri iriaintenance; <br />4. New projects such as the proposed Bernal Community Park; <br />5. Complete renovation of the Veteran's Building; <br />G The Civic Center; <br />7_ The proposed reuse of the Railroad Avenue fire station; <br />8. Construction of the new fire station on the Bernal property; <br />9_ Bernal iiriprovcments; <br />1 O_ The acquisition of parkland in the City; and <br />1 7 . Proposed acquisition of parkland in the South Pleasanton area. <br />Mr. Bocian advised that some reserve projects had not been fully planned, and that the <br />funds were set aside for those prof ccts_ <br />In response to an inquiry by Commissioner Kemeny with respect to budget cutbacks, Mr_ <br />Bocian advised that the Capital Improvement Program is funded different than the <br />operating budget it, and that there were potential impacts that the program could face as a <br />result of the overall economy. Of the $93 million, approximately $27 million is <br />transferred froiri the G'ity's General Fund. In the event of a severe economic problem, the <br />City Council could modify the amount transferred to the CTP. During the budget <br />workshops with the C_'ity Council, ha stressed very clearly that the City has reserves that <br />provide a certain level of protection against future economic problems. He did not <br />anticipate that that funding would be affected. <br />Mr_ Bocian advised that a portion o£ the funding in the CIP comes £rom expected <br />development fees, and a downturn in projects could affect the revenue stream. He noted <br />that safeguards against those circumstances existed, and that the first year of the Capital <br />Improvement Program contained money that has already been received. The funds for the <br />second year of the CIP are expected to be received next year. <br />In response to an inquiry by Commissioner Kemeny, Mr. Bocian advised that the City <br />has not found it necessary to dip into the reserve funds. He noted that adjustments to <br />operating expenditures had been necessary, including cutbacks of employees, but they <br />did not affect the reserves. <br />Chairperson Arkin noted that he had attended the C_'ity Council budget hearing. I-Ie noted <br />that at the state level, the politicians purposely put the most visible services on the list for <br />PLANNING COMMISSION MINUTES Tune 25, 2003 Page 20 <br />