RES 94002 - Laserfiche WebLink

Other Discussion Items Currently there is $1.5 million in the General Fund Capital Projects Reserve that is unappropriated, and not included in 1993- 94 CIP funding. It is anticipated that the use of these funds be reviewed as part of the 1994-95 CIP process. These funds could potentially be used for Park Renovation/Improvement/Expansion, toward existing development's potential share of a fourth fire station, and/or other uses. Specifically, at the Parks Workshop, it was suggested that the Parks Commission look at using some of these funds (maybe $750,000), for renovations to existing parks. Signature Properties, the developer of Ruby Hills is conditioned to contribute a minimum of $500,000 towards a fire station serving that area. However, staff and the developer are currently exploring many options for providing service that include but are not limited to the construction of a Ruby Hill Fire Station. Therefore, the 1993-94 recommended Miscellaneous CIP does not include the estimated $500,000 revenue from Signature, nor does it include the offsetting appropriation. When the service arrangements to the area are finalized, staff will return to Council with the offsetting budget amendments to revenue and expenditures. Included in the 1993-94 recommended Miscellaneous CIP is $238,000 for the acquisition of land near Del Valle Parkway/Stanley Boulevard for a fourth fire station. These funds came from the sale of the palomino/Concord land to the City's Affordable Housing Fund for use by the Rotary Commons affordable housing project. The land originally had been acquired in the 1960s from the developers of Vintage Hills for a future fire station site. Staff is recommending that the funds be used in 1993-94 to secure such a site, to support current and provide future fire service needs in the southeast region of the City. At the Miscellaneous CIP Workshop, both Council and staff expressed a desire toimprove budgeting for equipment. Ideally, the CIP budget would be less complicated if it focused only on large projects, leaving equipment to be recognized and budgeted elsewhere. Staff has in recent years developed Replacement Funds where the depreciation of smaller pieces of equipment is recognized as an ongoing expense budgeted annually, to provide funding for replacement when needed. However, no provisions are currently being made to set aside funds on an ongoing basis to replace the larger items such Fire Engines. Furthermore, not all equipment is replacement. Much of it is needed in whole or in part to serve new development. Therefore, appropriate budgeting procedures and presentations must be developed to reflect both replacement and new equipment. Additionally, the budget needs to be consistent with the assumptions that are used to formulate new development fees. SR94:09 3