AgdaPkt 2005-07-25 - Laserfiche WebLink

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S. 4 e-4 ¿'A.. /ý-;C, 2. The streetscape improvements around the cinema site and on Broadway between Middlefield and Hamilton, including Middlefieldf'Theatre Way" between Winslow and Broadway. This includes the installation of new signals at Jefferson and Broadway, and at Veteran's and Middlefield. uRoad dier improvements to Jefferson will also be considered and cof1lJleted if approved by Council. 3. The Courthouse Façade Restoration Project. 4. The Courthouse Plaza, targeted to be finished in the summer of 2006. 5. Adoption and implementation of the Downtown Parking Management Plan recommendations, policies, and programs, including installation of all necessary infrastructure and equipment. 6. Way finding, directional signage and gateway improvements, including the enhancement of the pedestrian experiences on (a) Middlefield between the County parking facility and Broadway, (b) the area between the post office and Tarboosh restaurant, and (c) the Wharf Street entrances to,both the Marshall Street Garage and the parking lot behind City Hall. 7. The Down.town Precise Plan, which will guide and regulate future development in the dówntown and require completion of an Environmental Impact Report (EIR) as part of the process. Agency Capital Improvement Program . The Agency's proposed general fund Capital Improvement Program (CIP) budget for FY 2005/06 reflects the necessary additional funding approved by the Agency Board for the parking garage land assembly ($3.4 million) and construction costs ($1.4 million), funding for the environmental impact analysis that will be required for the Downtown Precise Plan ($200,000) and $300,000 in additional funding for contingency needs. Funding for these projects was available because of a uWorking Capital" transfer from the Operating Budget which was possible becaùse of: 1, higher than projected beginning fund balance for the current fiscal year; 2, higher than anticipated tax increment revenues; and. 3, the draw down of capitalized interest funds available through the Agency bonds sold in 2003. Agency Operating Budget The Agency's general operating budget reflects the funding needed for the ongoing operations of the Agency and continues the Agency's focus on implementing the funding plan for downtown approved by the Agency Board in October, 2003. It also continues to refiect the revised calculations for deposits into the Housing Fund pursuant to the Legal Aid Settlement Agreement that were initiated in the FY 04/05 budget. Staff continues to analyze this complicated agreement and plans to be back before the Council in closed session in late summer/early fall. REDEVSHARED/2005 STAFF REPORTS/06-200SlReYiew of Redevelopment Agency Budget for FY 2005106 SM:ce 2 -~"'-' ..--.""tr..