CC Min 1996-06-22 Budget - Laserfiche WebLink

Browse Search

. . . - - Director Nelson said that in the GID I -64 there were significant contributions towards Council priorities and it represented a complete 5-year plan for build out in Redwood Shores. City Manager Everett explained that the GID 1-64 Committee administers the Facilities Fees from - Redwood Shores. In response to Councilman Claire's questions, City Attorney Schricker said the City retained about $800,000 to a $1 miIIion bonding authority for emergency purposes such as dike repair, and the City had capped out about $40 to $80 miIIion. Councilman Claire said before the Facilities Fees program was established the entire infrastructure in Redwood Shores was paid by the Shores residents. They were paying property taxes as wen as the bonds fees. In answer to Mayor Hartnett's questions, Councilman Claire said "when we capped the bonds and wiped out $40 miIIion worth of potential bonding authority we replaced it with this particular system where commercial developers would come in and pay a fee for the infrastructure that went in out there rather than the citizens of Redwood Shores." Senior Engineer Chang said the Facilities Fees Program began in 1983, the bond balance was approximately $16 miIIion and the bonds will be retired in 2006. Director Nelson said the C.I.P. funds buildings, parks, infrastructure, such as roads, streets, street lights, sewers, storm drains, sidewalks, bicycle paths, railroad projects and information '-- and technology programs. Also included are HV AC for the Communities Activities Building and the Senior Center, upgrades to Hoover Pool, Linden Park, and a grant for Rolison Road acquisition which meets Council's goal of providing affordable housing and removing blight in that neighborhood. Director Nelson said the C.LP. win be funded at $19 miIIion in year one and $16 million in year two and represents nearly 100 projects located throughout the City. There win be 17 projects in the downtown over the next few years. Director Nelson said about 1/3 to 1/2 of the C.I.P. wiII be in Redwood Shores including the Fire Station, Community Center and Maintenance Facility. Senior Engineer Chang described the Redwood Shores Marlin Park Improvement Project at $988,000 which should open in March or April, 1997. Director Nelson described the committee working on the Redwood Shores Fire Station which win cost $ 1.4 miIIion, and added that there win be input from the firefighters who wiII use the facility and input from the surrounding neighbors. She said the funding sources were from the G.LD. and the Civics Facility funds, but not from Electronic Arts since the Council had not considered that project yet. ----------------------------------------------------------------------------------------------------------------------------------______m---- - SPECIAL COUNCIL BUDGET STUDY SESSION JUNE 22,1996 MINUTES PAGE 9 MINUTE BOOK NO. S4 Page No. 314