CCMIN060104 - Laserfiche WebLink

Mr. Brozosky noted that the Tri-Valley Transportation Committee approved a cost of living increase. He asked staff to explain the difference between the City Hall Office Building and Civic Center Site Improvements Reserve and the City Hall/Community Center Reserve as noted under Miscellaneous Projects, Appendix B. Ms. Rossi believed these were two different project titles that developed over the years; one was long term and one was short term. Both reserve funds will be consolidated into one fund. Mr. Brozosky asked if the $1.4 million dollars that was removed from the City Hall/Community Center Reserve was transferred into the City Hall Office Building and Civic Center Site Improvements Reserve? Ms. Rossi said yes. Ms. Ayala referred to the Capital Improvement Program Street Projects, Appendix B, and asked if some of the funds from the Vineyard Corridor Infrastructure Improvements Phase I would be placed into this fund? Mr. Roush said that out of the $5.9 million dollars that was expended, the City received approximately $4.1 million dollars from the School District. The City will be receiving additional funds from other developments in the Vineyard Avenue Corridor area as development occurs. The only contribution that the City would eventually have toward the Vineyard Corridor Infrastructure Improvements would be the contributions for the park, assuming a park is ever built. Ms. Rossi pointed out that the revenue from Pleasanton Unified School District's bond proceeds for the Vineyard realignment is about $3.4 million dollars. She believed that a difference occurred in prior years, which would explain the reason for an imbalance between the revenue and expenses. Ms. Ayala referred to the Capital Improvement Program Street Projects, Appendix B, and asked for an explanation for the $2.3 million dollars that was adjusted for the Dublin Reimbursement for Future Projects. Ms. Rossi said the $2.3 million dollars was received from the City of Dublin as part of a reimbursement agreement. This line item is a placeholder for a project until it is determined how to use these funds. She indicated that it is possible that part of the money is included in the Fund Balance that was received in prior years and, therefore, the totality of the project is being reflected. Ms. Ayala asked staff if the City was paying money to the City of Dublin for any projects? Ms. McKeehan said the City was required to make payments on El Charro Road, which was separate from the Dublin Boulevard project. Pleasanton City Council 16 06/01/04 Minutes