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This CIP includes funding State Propositions 42 and 1B for Streets projects. Proposition 42 was
<br />approved in 2002 to provide sales tax revenues from the sale of gasoline for specified roadway
<br />improvements. The CIP estimates a total of $2,175,992 from this source during the four years of the CIP.
<br />Proposition 1B was approved in 2006 to provide a state bond of $19 billion to make safety
<br />improvements and repairs to state highways, to upgrade freeways to reduce congestion, to repair local
<br />streets and to upgrade highways along major transportation corridors. Local funding is allocated on a
<br />population-based formula. A total of $1,725,200 is estimated in the CIP. This funding is available for 5
<br />years. While these funds will be used for Streets projects, they are identified as grants in the CIP
<br />financial tables.
<br />In addition to the above, a total of $3,900,000 is transferred from the General Fund for Streets projects.
<br />This funding is consistent with previous transfers.
<br />Local Develonment Related Fees
<br />This category of revenue consists of fees collected by the City to offset the impact of new development.
<br />The four major sources and expected revenue from these sources are as follows:
<br />CITY DEVELOPMENT RELATED FEES
<br /> Calendar Year
<br />2007 Calendar Year
<br />2008 Calendar Year
<br />2009 Calendar Year
<br />2010
<br />TOTAL
<br />PUBLIC FACILITY FEE $248,887 $326,613 $251,822 $131,407 $958,729
<br />PARK DEDICATION FEES $1,328,562 $311,124 $233,468 $252,882 $2,126,036
<br />TRAFFIC DEVELOPMENT FEE $626,485 $640,538 $767,622 $130,774 $2,165,419
<br />WATER CONNECTION FEE $126,212 $87,600 $50,250 $38,400 $302,462
<br />SEWER CONNECTION FEE $43,460 $41,718 $37,914 $16,000 $139,092
<br />TOTAL $2,373,606 $1,407,593 $1,341,076 $569,463 $5,691,738
<br />As indicated previously, these fees are available for expenditure in the fiscal year following the calendar
<br />year. As a result, fees collected in calendar 2007 are programmed for expenditures in 2008-09. In
<br />addition, Public works is currently in the process of reviewing water and sewer connection fees, which
<br />may lead to increased revenue in these areas. These reviews will also address an interest in increasing
<br />the amount of water and sewer connection fees to reestablish a preferred payment allocation for the
<br />payment of the 2002 and 2004 revenue bonds included in this CIP. While the City has previously made
<br />sewer and water debt service payments with a combination of expansion (developer connection fees) and
<br />replacement and improvement revenue (user fees), there are insufficient sewer expansion funds in the
<br />first two years of the CIP to maintain this practice. As a result, the sewer expansion portion of these
<br />payments, estimated at $550,000 over the first two years, is being paid by sewer replacement and
<br />improvement revenue. While this is consistent with the bond terms, staff prefers payments from both
<br />sources to reflect the funding models developed at the time the bonds were issues. As a result, this
<br />matter is being addressed as part of the fee review.
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