RES 99089 - Laserfiche WebLink

and intends to present the Pazk and Recreation Commission with recommendations on this matter to be subsequently forwazded to the City Council. Also, while not included in the CIP, the City is intending to fund the street landscape improvements to the northeast side of Hopyazd from Secretariat to Del Valle Pazkway at an estimated cost of $165,000. This project, which will be funded with Pazk Renovation Revenues, will renovate the landscaping in this azea including an irrigation system, plant material, and grading. The final design of the project will be forwarded to the Council as a recommended renovation project and the CIP will be amended accordingly. In addition to the above, City staff intends to revisit a recommendation made by the City's Housing Commission in 1997 to waive approximately $2,102,000 in development fees for the Security Pacific Capital Trust project in Hacienda Business Pazk. While the fee waiver itself is not in question, in prior waivers of City fees, the Lower Income Housing Fund has repaid the CIP or the General Fund to cover all or a significant portion of this lost revenue. While the Housing Commission did express concerns about this repayment because of its potential impact on the City's Lower Income Housing Fund, the concern was based in part over the uncertainty about the amount of financial contributions required for the City's Assisted Living Project. As a result, once the financial impact of the Assisted Living Project is completed, which is expected within the next few months, it will be appropriate to reevaluate the amount of available revenue in the fund to determine whether it is adequate to address the City's affordable housing needs as well as reimbursing the CIP for lost revenue as a result of this fee waiver. Staff will provide City Council with information on this matter as soon as it becomes available. PG&E Rule 20A Revenue The City is eligible for participating with PG&E for projects undergrounding current above-ground utilities. Because PG&E actually coordinates these projects and revenue required for completion are not transferred to the City but retained by PG&E to meet undergrounding costs, they aze not included in this CIP. However, in an effort to inform the community of proposed projects, the table below lists projects to be carried out during the next few years. PROPOSED UTILITY UNDERGROUND PROJECTS PROJECTS PG&E CONTRIBUTION YEAR PLANNED Kottinger Drive from First Street to East of Second Street $180,000 FY 1999/00 Division Street (Tract 6311) $109,000 FY 2001 /02 Fair Street from Rose Avenue to Division Street $108,000 FY 2001/02 Unfunded Projects Included in this CIP is a listing of unfunded projects. While in previous CIP's, unfunded projects were those that did not have an identified funding source, many of the projects included in the existing unfunded list have an identified funding source from Public Facility Fees, Traffic Impact Fees, and projected General Fund contributions. However, these projects aze listed as unfunded because the xv