SUBJECT: ADOPTION OF APPROPRIATION ORDINANCE AND FUNDING SOURCES RESOLUTION AMENDMENTS IN THE SERVICES FOR REDEVELOPMENT CAPITAL PROJECTS FUND (CITY-SIDE REDEVELOPMENT FUND) WITH A NET IMPACT TO THE FUND OF $1,379,325
RECOMMENDATION
It is
recommended that the City Council adopt the following Appropriation Ordinance
and Funding Sources Resolution amendments in the Services for Redevelopment
Capital Projects Fund (City-side Redevelopment Fund):
1.
Increase
the appropriation for the Assessment District/Interchange Improvement project
in the amount of $302,325.
2.
Increase
the appropriation for the WSC – Pedestrian Light/Median Uplights project in the
amount of $588,000.
3.
Increase
the appropriation for the ESC Street Pedestrian Lighting project in the amount
of $389,000.
4.
Increase
the appropriation for the Rincon Flood Control Study Phase II project in the
amount of $100,000.
5. Increase the estimate for Earned
Revenue by $1,379,325.
BACKGROUND
The
Redevelopment Agency has requested City services in the implementation of
Agency projects. These proposed
amendments are necessary to account for City-side expenditures on Redevelopment
Agency projects.
ANALYSIS
The additional funding is the
second installation for the Assessment District/Interchange Improvements
project. This project funds City
Services to investigate the feasibility of providing municipal bond financing,
assist in the formation of a special district, and bid, award, and administer
the construction contracts for public improvements in the Edenvale area between
Silver Creek Road and Silicon Valley Boulevard.
The additional funding is for
the construction phase of the West San Carlos Street Pedestrian Street Light
project. This project consists of
lighting enhancements within the public right-of-way along West San Carlos in
two areas. The first area is along West
San Carlos between Wabash Avenue and Topeka Avenue where up to 40 new
pedestrian-scale streetlights will be installed. The second area is along West San Carlos from Leigh Avenue to
approximately 150 feet east of Meridian Avenue where uplights for the palm
trees in the median islands will be installed. All work is within the West San
Carlos Street redevelopment area.
Additional funding is also
provided for the construction phase of the East Santa Clara Pedestrian Street
Light project. This project includes
installation of forty-six pedestrian-scale antique-style streetlights along
East Santa Clara Street. All work is
within the East Santa Clara Redevelopment Area.
The additional funding for the
Rincon Flood Control Study Phase II project provides for the design of a new
pump station and storm mains at Trimble Road.
The project is the second phase of the North San Jose/Rincon Master Plan
– Flood Control Project.
The source of funding for these
services and improvements would be a transfer from the Redevelopment
Agency.
N/A
LARRY D. LISENBEE
Budget Director
I hereby certify that there will be available for appropriation in the Services for Redevelopment Capital Projects Fund (City-side Redevelopment Capital Fund) in the Fiscal Year 2000-2001 moneys in excess of those heretofore appropriated therefrom, said excess being at least $1,379,325.
LARRY D. LISENBEE
Budget Director