RES 99089 - Laserfiche WebLink

revenue needed to complete them has not yet been collected and further, because there is no guazantee that the revenue will become available since it is dependent upon future residential and commercial growth. As a result, for the benefit of continuity with previous Capital Improvement Programs, all projects not included in the financial tables for funding over the next five yeazs are included in the unfunded section. In an attempt to track the "Highest" priority projects they aze included on a separate table. The "Highest" priority unfunded projects aze those which staff has identified as those where future revenue not projected in this CIP would be appropriated. Prior to proceeding with any of these projects, staff will pursue appropriate commission and City Council reviews. A number of projects included in the unfunded section warranting discussion are as follows: City Ha1UCommunity Center -For the past few years, a reserve has been used for accumulating funding for a new City Ha1UCommunity Center. For this program, these two projects have been combined into a single project based on discussions which indicate that a single facility may be feasible. As mentioned previously, assuming the reliability of financial projections over the next five years, it is expected that this reserve will equal approximately $9,429,607 by the end of this CIP. Assuming a total project cost of approximately $32,000,000, the unfunded portion of this project is approximately $22,595,393. As Council may recall, staff intends to conduct a preliminary site design for a new City Ha1UCommunity Center in FY 1999/00. Expansion of the Pleasanton Library -The Pleasanton Library Study and the Facilities Master Plan identified a need for library expansion to address future library needs. As a result, expansion of the Pleasanton Library is included as part of the City's Development Impact Fee Report and a portion of Public Facilities Fees collected will be used to expand the library. However, at this time, the library is meeting community needs and the City Council has recently approved a renovation project which will make modifications to the interior of the library to accommodate the transfer from a County run library to a City of Pleasanton run library and to provide needed upgrades including carpeting and painting. City staff and the Library Commission will continue to evaluate facility needs to determine expansion requirements. BMX Bike Area - Recently, a group of residents approached the Park and Recreation Commission and the City Council requesting that the CIP include revenues for the development of land to accommodate BMX bicycle racing. Currently, staff is reviewing possible sites to accommodate this activity and if one is located, will move forwazd towazds viewing the potential for funding this project. xvi