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9.A. - Page 5 of 21 <br />Table 1: Recommendations for One -Time Expenditures Funded by Projected Operating Balance <br />1 The Capital Improvement Program includes funding for this initiative as well. <br />z Additional funds have already been set aside for safe parking and street cleanup efforts, so reducing the funding <br />request will not prevent this initiative from moving forward. A proposed approach for a safe parking program is <br />scheduled for City Council discussion on June 22, 2020. <br />Page 5 of 20 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />694 <br />February 24, 2020 <br />April 13, 2020 <br />June 8, 2020 <br />Pay Down Long- <br />$4.5 million <br />$3.0 million <br />$2.5 million <br />Term Liabilities <br />$3.0 million in direct <br />$1.5 million in direct <br />$1.5 million in direct <br />payments to CalPERS to <br />payments to CalPERS to <br />payments to CalPERS to <br />reduce the City's pension <br />reduce the City's pension <br />reduce the City's <br />liability and continue <br />liability and continue <br />pension liability and <br />progress on the second <br />progress on the second <br />continue progress on <br />year of the 18 -year <br />year of the 18 -year pension <br />the second year of the <br />pension liability payoff <br />liability payoff plan <br />18 -year pension liability <br />plan <br />payoff plan <br />$1.5 million towards <br />$1.5 million towards <br />$1.0 million towards <br />necessary improvements <br />necessary improvements <br />necessary <br />identified in the <br />identified in the Americans <br />improvements identified <br />Americans with <br />with Disabilities Act (ADA) <br />in the Americans with <br />Disabilities Act (ADA) <br />Transition Plan <br />Disabilities Act (ADA) <br />Transition Plan <br />Transition Plan' <br />Support Council <br />$4.9 million <br />$4.5 million <br />$1.8 million <br />Priorities <br />$2.0 towards <br />$2.0 towards <br />$750,000 towards <br />transportation and <br />transportation and <br />transportation and <br />roadway projects <br />roadway projects <br />roadway projects <br />$1.5 million to support <br />$1.5 million to support <br />$400,000 to support <br />residents' transition from <br />residents' transition from <br />residents' transition <br />homelessness or vehicle <br />homelessness or vehicle <br />from homelessness or <br />dwelling into permanent <br />dwelling into permanent <br />vehicle dwelling into <br />housing and cleanup of <br />housing and cleanup of <br />permanent housing and <br />public streets, sidewalks, <br />public streets, sidewalks, <br />cleanup of public street, <br />and property (Healthy <br />and property (Healthy <br />sidewalks, and property <br />Streets Initiative) <br />Streets Initiative) <br />(Healthy Streets <br />Initiative )2 <br />$1.0 million towards <br />$1.0 million towards <br />$500,000 towards <br />climate adaptation <br />climate adaptation <br />climate adaptation <br />initiatives <br />initiatives <br />initiatives <br />1 The Capital Improvement Program includes funding for this initiative as well. <br />z Additional funds have already been set aside for safe parking and street cleanup efforts, so reducing the funding <br />request will not prevent this initiative from moving forward. A proposed approach for a safe parking program is <br />scheduled for City Council discussion on June 22, 2020. <br />Page 5 of 20 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />694 <br />