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RES 95068
City of Pleasanton
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RES 95068
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
6/20/1995
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While the above revenue projections are based substantially on approved projects. they must be viewed <br />as tentative since they are affected by the economy and the health of the housing and construction <br />industry which is generally beyond the City's control. In addition, City Council actions related to future <br />project approvals and growth management allocations could also affect revenue projections. <br /> <br />Federal Grants <br /> <br />This year's program includes $2,327,315 in grants from the Federal Intermodal Surface Transportation <br />Efficiency Act (ISTEA). This funding is proposed to be used as follows: <br /> <br /> YEAR PROJECT AMOUNT <br /> FY 1995/96 Hopyard Road Re. surfacing (N/O Owens Drive, Stoneridge Drive) $345,945 <br /> FY 1996/97 Hopyard Road Resurfacing: Stoneridge Drive to Arroyo Mocho $550,000 <br /> FY 1997/98 First Street Bridge at Arroyo Del Valle $1,431,370 <br /> <br />Contributions from the Sewer and Water Operation Fund <br /> <br />In recent years, the City has adjusted sewer and water rates in part to establish a rate component for <br />sewer and water replacement and improvement projects. <br /> <br />To reflect the establishment of the water and sewer replacement funds, the Water and Sewer Programs <br />are divided into expansion, and replacement/improvement projects. Expansion projects are those funded <br />by connection fees while replacements and improvements are funded by the replacement component of <br />water and sewer rates. These funds are not transfertable between each other. The water and sewer <br />replacement and improvement accruals, which are revenue transferred from the Water and Sewer <br />Maintenance and Operation Funds to cover the cost of replacement and improvement projects are <br />estimated to be $6,830,000 and $3,344,000 respectively over the term of this program. The <br />Maintenance and Operation Funds are expected to contribute $2,882,122 and $2,269,969 to cover the <br />Water and Sewer Replacement share of lease payments. <br /> <br />In addition to the above, the Sewer program includes a loan from the Sewer Expansion Fund to the <br />Sewer Replacement and Improvement Fund in 1996/97 for $400,000. The loan will be used to pay for <br />all but $66,600 of the Vineyard Avenue/Arroyo Del Valle Addition project which will take place from <br />FY 1995/96 through FY 1997/98. The $66,600 not financed by the loan will come from available <br />Replacement and Improvement accrual revenue. <br /> <br />To track repayment of this loan, and a similar loan made this final year for the East Amador Sewer <br />Rehabilitation Project, the revenue section details the loan repayment for each of the projects. Annual <br />loan repayments for the East Amador project will be $175,000 for a period of 10 years beginning in <br />1996/97. The Vineyard Avenue project loan will be repaid in 1997/98 and 1998/99. The interest on <br /> <br /> vii <br /> <br /> <br />
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