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<br />.'11..'.. ;...:'...)p....<o'~. ..:........ .,.. <br />.'. ". : . .:. .... . ",,\ : : .. : ~ . <br />'. ":':'",:: .~; . .~.::;:."'~.\. .... (>. .::': .. :.... .~. "', .' ". . <br /> <br />7C <br />Page 1 <br /> <br />To theH()I)o"abJ~_~1c~~~~ <br /> <br />April 27, 2009 <br /> <br />SUBJECT <br />First Study Session - Capital Improvement Projects budget for Fiscal Year 2009/2010 <br /> <br />RECOMMENDATION <br />Review the proposed Capital Improvement Projects (CIP) budget for Fiscal Year <br />2009/2010 for consistency with City Council's strategic plan initiatives and provide <br />direction to staff. The budget will be revised accordingly and returned to Council for <br />final consideration during formal budget review scheduled for June 15 and June 22, <br />2009. <br /> <br />BACKGROUND <br />The CIP budget is comprised of the following funds and totals $15,805,455 for FY <br />2009/2010. <br />. Capital Project Fund (CPF), <br />. Gas Tax Construction Fund (GTCF), <br />. Transportation Fund (TF), <br />. Grants, Districts, and Fees Fund (GOFF), <br />. Water Improvement Fund (WIF), <br />. Sewer Improvement Fund (SIF), <br />. GID 1-64 Facility Fund <br />Please see attachment for line-item details of each budget. <br /> <br />Caoital Proiect Fund. Gas Tax Construction Fund <br />The major funding source for the CPF and GTCF is the City's Utility Users Tax (UUT). <br />In November, 2007, voters approved a decrease in the UUT tax rate from 50/0 to 4% <br />while expanding the tax base to include a higher number of technologies and devices. <br />The proposed CPF budget presumes a shift in priorities and that funding will be <br />reallocated from the Stormdrain Collection System Upgrade and the Redwood Shores <br />Lagoon Dewatering Structure projects to the Levee Compliance and Lagoon Dredging <br />projects. As well, the proposed CPF presumes postponement of construction of the fire <br />training tower pending site selection. <br /> <br />Grants. Districts. and Fees Fund <br />The GOFF is partly funded by Traffic Impact Fees. Fees generated by a modest increase <br />in proposed new development have largely sustained the GOFF. This trend is expected to <br />continue over the next year. Staff also anticipates receipt of the following in Fiscal Year <br />2009/2010. <br />. American Recovery and Reinvestment Act funding -- $1,050,000.00 <br />. Transportation Development Act funding - $141,263.00 <br />. Proposition 42 funding - $776,726.00 <br /> <br />Water Imorovement Fund. Sewer Imorovement Fund <br />Aging utilities infrastructure is a concern throughout the nation. Redwood City's systems <br />remain in comparatively good shape as the City funds infrastructure replacement projects <br />