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REPORT $�C. - Page 1 <br /> To the Honorable Mayor and City Council <br /> From the Port of Redwood Cit <br /> April 22, 2013 <br /> SUBJECT <br /> Port of Redwood City draft 10-Year Capital Improvement Plan and Update on the <br /> Wharves 1&2 Reconstruction Project <br /> RECOMMENDATION <br /> Discuss Port's 10-year CIP, request any additional information, and continue <br /> coordination with the Port Commission. <br /> BACKGROUND <br /> The City Council, at its meeting of June 18, 2012, approved the issuance of Port 2012 <br /> revenue bonds. As part of this action, there was a report on the Port's Plan of Finance <br /> and the Wharves 1&2 Reconstruction Project, which is partially financed by the 2012 <br /> Port Bonds. During discussion at this meeting, the City Council requested information <br /> on the Port's CIP and subsequently the City Council received the Port's 10-year CIP for <br /> FY2013. <br /> During preparation of the City of Redwood City CIP, there was a request for the Port to <br /> provide its CIP and to present this information in coordination with the presentation of <br /> the City's CIP. This would also provide an opportunity to update the City Council on the <br /> Wharves 1&2 Project. <br /> ANALYSIS <br /> The Port's 10-year CIP is reviewed and updated annually in conjunction with <br /> preparation of the Port's annual budget. Projects in the CIP for the upcoming fiscal year <br /> are incorporated into the Port Budget. <br /> The Port's CIP has costs for projects totaling $36,810,000 over 10 years. These CIP <br /> Projects are divided into four categories: <br /> • Maritime Infrastructure - $31,050,000 <br /> • Non-Maritime Infrastructure - $1,610,000 <br /> • Recreational Boating - $3,890,000 <br /> • Administration - $260,000 <br /> Approximately 84 percent of the costs in the Port CIP are for maritime related projects <br /> including the Wharves 1&2 Project, wharf fenders and dolphin replacement, dredging <br /> ship berths, and the dredging to deepen the ship Channel. Waterfront construction and <br /> maintenance is very capital intensive due to size of projects, specialized equipment, <br /> environmental mitigation, etc. The largest share of the Port's operating revenue is <br /> derived from the shipping and related industrial operations that rely on this maritime <br /> infrastructure. <br /> Industrial (non-maritime) infrastructure at the Port includes rail spur track, roadways, <br /> street lightening, storm water systems, and sanitary sewer conveyance. Both maritime <br />