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7.1A <br /> Marina Area Planning Study Page 3 <br /> The "Marina Area Planning Study" wiil provide seed funding for staff time and <br /> consultant services, as needed, related to Marina Redevelopment Area C (see <br /> Attachment 2, Redevelapment Map). Staff recommends that the City proactiveiy lead <br /> an area-wide planning effort to include the potential reconstruction of the County of San <br /> Mateo women's correctional facility; the Bloomquist Avenue extension; private property <br /> land-use changes; and associated opportunities related to City/Agency-owned parcels <br /> in the area. $50,000 is proposed for transfer fram the RDA General Fund Working <br /> Capi#at Baiance to initiate funding for#his effart. <br /> ALTERNATIVES <br /> The Agency Board could determine to take na ac#ion . This is not recommended as <br /> �� �> <br /> the MTC/HlP funding would be jeopardized, and staff would not be able to altocate the <br /> time for issues and activities related to these new, emerging projects. <br /> FISCAL IMPACT <br /> The total impact of the proposed new appropriations described above for the three new <br /> capital projecks is $238,947. Approving the amendments will leave a new "Total <br /> Working Capita! Balance° af $186,004. This funding leve! is acceptable given that we <br /> are currently in the fourth quarter of the fiscal year. There is also $750,004 remaining <br /> in the "Operating Reserve" should unforeseen circumstances require aciditional funding <br /> appropriations. <br /> � <br /> � <br /> � <br /> usan F. Moe ler Peter{ngram <br /> Redevelopment Manager Executive Director, Redevelopment Agency <br /> Ed Everett <br /> Ciiy Manager <br /> A77ACHM6N7S <br /> 1. Villa Montgomery/ECR Streetscape improvements Project Scope <br /> 2. Redeve{opment Map <br /> RELATED DOCUMENTS <br /> None <br /> 1:�2Q07 STAFF REPORTS,AGREEMENTS105-20071RDA CIPW-7-07 RDA CIP Amendments-Staff Report.doc <br />