RES 92103 - Laserfiche WebLink

The Capital Improvement Program includes $2,830,000 for fiscal year 1992/93 and 1993/94 to cover the cost of reconstructing Main Street. Listed as unfunded projects are the extension of Railroad Street from Spring to Ray Streets, the realignment of Ray and St. John at Main Street and the Main Street Beautification Project. Planninq Commission Review The Capital Improvement Program was reviewed and approved by the Planning Commission at their meeting of April 22. Part of the Planning Commission's action was a recommendation that the priorities for the trail system projects be coordinated with the priorities of the City Centennial Committee. This action was primarily directed towards having the portion of the trail system developed in the Downtown Area to coincide with centennial activities. Staff will certainly consider this request and, if feasible, will make an effort to rearrange the trail system project. A copy of the Planning Commission minutes is attached. HCD Approval On May 5, the City Council approved a cooperative agreement with Alameda County to receive community development block grant funds for Pleasanton's Housing and Community Development Program for fiscal year 1992/93. The cooperative agreement anticipates that the City will receive $127,499 in HCD funding in the upcoming year. Staff is recommending that the City Council take action to approve the projects listed on the attached HCD table and authorize the expenditure of the HCD funding for the upcoming fiscal year. Expenditures for 1992/93 for the Capital Improvement Program are estimated at $8,477,100. As indicated above, this includes $1,659,39B transferred from the general fund. The general fund transfer is consistent with past practice and has been anticipated in the City's operating budget. As a result, no additional impact is expected on the City's operating budget as a result of this Capital Improvement Program. Respectfully submitted, cian Assistant City Manager City Manager SB/sy/kh (~z~.~) SR92:203 3