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In response to an inquiry by Mr. Brozosky, Mr. Bocian said that when the Affordable Housing Property loan is paid off, the funds are transferred back into the Lower Income Housing Fund. As it related to the Bernal property, he believed approximately 40 percent of the total 56 homeownem took advantage of the City's loan and several have paid off the loan. The loans are typically paid twice, once when the homeowner sells the home or if they refinance the property. If an additional party pumhases the property, the City is not authorized to provide the second loan program. Council authorized the use of a second mortgage program for the initial buyers. When a property owner sells its home, it obtains equity in the property based on the regulatory agreement in place but if they sell or transfer the property, they are required to pay off the loan. This program is different than the program Ms. McGovern was referring to, which is a general second mortgage loan program that is available in cooperation with CALHFA. Ms. McGovern asked how many available City positions are open and when they would be filled. Mr. Fialho said that on average, it typically takes three months to fill a position, and through the course of the year, 10 to 15 vacancies might occur. As a result of having these vacancies over a period of three months, the accumulation of funds is redirected back into the mid year as the basis for developing a subsequent budget. He noted that all of the vacant position are included and to be funded in the 2005-06/2006-07 Operating Budget. Ms. McGovern referenced page B-19 of the staff report and noted that the Miscellaneous General Fund CIP for the Kottinger Drive Storm Drain reflected a negative $498,091. She asked if this money is being transferred? Ms. Rossi said staff is reverting these funds into Fund Balance. Ms. McGovern referred to page B-22 of the staff report, which showed a positive $208,831 for the Kottinger Creek Storm Drain. She asked if funding is currently available for this project? Mr. Bocian reviewed a spreadsheet illustrating a break down summary of the funding for the Kottinger Storm Drain project, which included initial funding of partially $144,000. During the mid-term, the amount was increased by $598,000, which was based on Engineering's estimate for the entire project, for a total of $743,500. In fiscal years 1998-99/1999-00 and 2000-01, expenditures related to engineering studies were realized for this project. In fiscal year 2004-05 based on a staff recommendation made at the end of calendar year 2003, staff was authorized to transfer money from the project to the Second Street Reconstruction project, which leaves a balance of $208,831 as shown on page B-22 of the staff report. The total amount of expenditures to the project is $244,409, which left a fund balance of $498,091, which was subsequently transferred prior to the preparation of the CIP to the Fund Balance for Miscellaneous Projects and then used as part of the miscellaneous CIP. He referenced a memorandum provided to Council, which provided an amount of $533,669 and took into account the three previously mentioned transfers. Ms. McGovern asked if the $498,091 for the Kottinger Drive Storm Drain project has been included in the beginning balance for the Miscellaneous Fund of the four-year Capital Improvement Program for fiscal years 2005-2006 through 2008-2009? Mr. Bocian said yes. Pleasanton City Council 21 06/21/05 Minutes