AgdaPkt 2000-05-08 - Laserfiche WebLink

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~A"~' recommended for four years. Thereafter, the program funding would return to previous funding levels or if the Council wishes to retain an accelerated level of sidewalk replacement, increases would be considered with the adoption of a future CIP. Additionally, $50,000 for wheelchair ramps will be programmed from Traffic Impact Fees starting in FY 2000/01. Project Funding recommended March 27 with no change R!commended May 8, 2000 1. The Storm Water Collection System upgrade funding is to provide a source of funding for projects City-wide. The $50,000 amount in the first two years only allows for emergency repair. Beginning in year three, $450,000 (and thereafter, up to $500,000) is recommended per year. 2. Medians and Entries construction is not recommended for significant funding until the EI Camino Real upgrade is complete. Funding of $10,000 in FY 2001/02 would allow a very conceptual design and beginning in year three, the program could be funded for a future project at $100,000 per year. 3. Funding seed dollars for a PAL facility as the City's match for any potential Grants is recommended. The CDBG recommendation by Housing and Human Concerns Committee is $44,000. Another $356,000 is recommended from the General Fund for a total of $400,000. 4. Funding studies to determine the program needs/design of a Redwood Shores Community Facility could be accomplished in FY 2000/01 and FY 2001/02. Funding for construction could begin in year three. However, total funding of construction creates a deficit in year four. 5. Shuttle buses are an eligible expense of a Traffic Impact Fee. A 25% match of $25,000 per year would allow for three shuttle buses by year three. Staff would use this allocation to apply for the remaining 75% Grant funding. Alternative Fundina Sources On' March 27, 2000, the City Council asked staff to bring back additional information regarding two additional sources of funding: 1) Sewer Enterprise funding of the Storm Water Program based on an increase in rates and, 2) potential funding for Park, Library and Flood Control Projects from various State propositions approved by the electorate in March 2000. Increase in Sewer Service Changes The City Council could achieve a greater level of revenue for storm and flood projects though an increase in the monthly sewer seryice charge (bills) to support revenue bond payments over a 30-year period. Such bonds would be issued by the Council on the basis of a combined sanitary sewer and storm sewer enterprise, which would require a 4/5 affirmative vote of the City Council to amend current, separate ordinances. The estimates below indicate the dollar and percentage increases to the projected FY 2000/01 fixed monthly sewer service charge of $18.84 that would be required to generate annual debt payments which support various levels of actual project proceeds. 3 ~r-