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<br />7C <br /> <br />from the WIF and SIF on an annual basis. The WIF and SIF are "enterprise" funds anljage 2 <br />independent from the General Fund. The proposed budget provides for the ongoing <br />replacement rate of aging infrastructure. At the current rate of work, this cycle of the <br />replacement program will be completed within the next 20 years. Staff is also pursuing <br />American Recovery and Reinvestment Act funding opportunities for water and sewer <br />improvements. <br /> <br />GenerallmDrovement District 1-64 (Redwood Shores) <br />The master development agreement as well as the facility fees structure of the GID 1-64 <br />will cease to exist as of September, 2009. The GID 1-64 Committee and staff propose to <br />consolidate the existing budget to reflect only the five projects that are active this budget <br />cycle. The existing unbudgeted GID 1-64 fund balance would be largely directed to support <br />levee certification and upgrade efforts. Shoreline Park funds are earmarked to reimburse <br />the developer when the city accepts the newly constructed facility. The Boat Launching <br />Facility and the Belmont Slough Pump Station are ongoing projects that will require funding <br />to move ahead. Council will be solely responsible for authorizing GID 1-64 funding <br />activities after the dissolution of GID 1-64 facility fees structure. <br /> <br />ALTERNATIVES <br />Revise the proposed projects and provide direction to staff. <br /> <br />FISCAL IMPACT <br />As shown in the attachment, funds in the amount of $15,805,455 are available for the <br />projects and programs in FY 2009/2010 as proposed. <br /> <br /> <br />S. eter Vorametsanti, P.E., Acting Manager <br />En ineering and Construction Division <br /> <br />ChUCha~ <br />Community Development Services Director <br /> <br />Peter Ingram <br />City Manager <br /> <br /> <br />ATTACHMENTS <br />Five Year Projected Capital Improvement Projects Budget <br /> <br />RELATED DOCUMENTS IN CITY CLERK'S OFFICE <br />None <br />