AgdaPkt 2008-01-28 Clsd and Reg - Laserfiche WebLink

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7A Page 5 Pipeline Projects Several projects are being reviewed or are pending which mayor may not be impacted by the New General Plan. These "pipeline" projects will be discussed in more detail at the upcoming joint meeting with the City Council and Planning Commission, scheduled for January 30, 2008. Next Steps Upon approval by the City Council, the General Plan contract will be finalized and the project will commence with the.gathering of technical background information to create baseline data for the New General Plan elements. As part of Wave 1 outreach process, a New General Plan kick-off meeting is scheduled for a Joint Study Session with the City Council and Planning Commission on Wednesday, January 30, 2008. ALTERNATIVES . Do not approve the General Plan professional services contract, workscopeand budget. This will mean that our current General Plan will remain out of date and not in conformance with State Law. . Proceed with the General Plan but do all the work in-house. This may result in a longer preparation time and more use of staff resources. FISCAL IMPACT The total professional services contract for the new General Plan work ($1,276,230) plus the 15% contingency fund ($191,435) will result in a fiscal impact of $1 ,467,665. This amount will be paid for by a one time allocation from the General Fund reserve. The City Council's policy is to maintain a target of 10% to 15% of anticipated revenues in the general fund's unreserved fund balance. Given expected general fund revenues of $79,180,000 in FY 2007-08 the City has about $8.1 million over the targeted ceiling of 15%. The funding of the proposed General Plan will consume about $1.5 million (18.5%) of this amount. The City-wide Traffic Model will be funded by the Capital Improvement Program (approximately $200,000 of existing funding). Thus the total cost for the General Plan and related studies is $1,667,665. After plan adoption, future work on the Plan will be supported by the on-going General Plan maintenance fee collected as part of the Building Permit fee. Currently there is approximately $100,000 available from a two-year accu mulation.