HomeMy WebLinkAbout071994 CC Workshop AgendaAGENDA
TEMECULA CITY COUNCIL
WORKSHOP
TEMECULA CITY HALL - MAIN CONFERENCE ROOM
43174 BUSINESS PARK DRIVE
JULY 19, 1994 - 6:00 PM
CALL TO ORDER:
ROLL CALL:
PUBLIC COMMENTS
Mayor Ron Roberrs presiding
Birdsall, Mu~oz, Parks, Stone, Roberrs
A total of 15 minutes is provided so members of the public can address the Council on
items that are not listed on the Agenda. Speakers are limited to two (2) minutes each.
If you desire to speak to the Council about an item not listed on the Agenda a pink
"Request To Speak" form should be filled out and filed with the City Clerk.
When you are called to speak, please come forward and state your name and address.
COUNCIL BUSINESS
Review of the ProDosed FY 1995-999 Capital Imorovement Prooram
RECOMMENDATION:
1.1 Review and discuss the Proposed FY 1995-99 Capital improvement Program.
Provide direction to staff, as appropriate.
ADJOURNMENT
Next regular meeting: July 26, 1994, 7:00 PM, Community Recreation Center, 30875
Rancho Vista Road, Temecula, California
ITEM 1
APPROVAL
CITY A'A"A'ORNEY
FINANCE OFFICER
CITY MANAGER
TO:
FROM:
DATE:
SUBJECT:
PREPARED BY:
RECOMMENDATION:
Review and discuss the Proposed FY 1995-99 Capital Improvement Program.
direction to staff, as appropriate.
CITY OF TEMECULA
AGENDA REPORT
City Manager/City Council
Mary Jane McLarney, Finance Officer
July 19, 1994
Review of the Proposed FY 1995-99 Capital Improvement Program
Luci Romero, Financial Services Administrator
Provide
DISCUSSION: The Capital Improvement Program (CIP) serves as a blueprint for
the provision of public improvements throughout the City of Temecula. The capital
improvements specified in the proposed program 8re projects which exceed $20,000 in cost,
have long -term life spans, and are nonrecurring annually. The purpose of the CIP document
is to serve as a planning tool and to coordinate the financing and scheduling of major projects.
Total costs for the proposed five year program are $90,910,424. Projected revenue is
$61,626,695. A total of fifty-ninety (59) projects are included in the program, consisting of
twenty-seven (27) Priority I projects; sixteen (16) Priority II projects; eleven (10) Priority III
projects; and six (6) Priority IV projects.
The Assessment Districts, CFD 88-12 and Redevelopment Agency revenues are not sufficient
to fully fund the projects within those funding sources. A discussion of these funding source
categories follows below.
ASSESSMENT DISTRICTS (Districts)
Total proposed expenditures are $21,548,541. The projects within this funding source cannot
proceed without the establishment of the Districts.
CFD 88-12
Total projected costs are $20,201,920. Current revenue consists of a fund balance of
$4,599,903. To date, significant costs have been incurred for most of the projects in this
category. However, the anticipated construction of the projects in FY 1995-96 and 1996-97
will not be feasible unless additional bonds are issued.
REDEVELOPMENT AGENDY (RDA)
Total projected costs are $14,834,298. Current revenue consists of a fund balance of
$10,845,951, There are two categories of RDA projects: 1 ) Non-Old Town Entertainment
Center Projects (Non-Entertainment Center); and 2) Old Town Entertainment Center Projects
(Entertainment Center). The Non-Entertainment Center Projects are projects which are
recommended to proceed with or without the construction of the Entertainment Center. The
Entertainment Center Projects are projects which must proceed in conjunction with the
Entertainment Center. The fund balance bond proceeds are sufficient to fund the Non-
Entertainment Center Projects. However, should the Entertainment Center proceed, additional
revenue will be required to fund the Entertainment Center Projects.
DEVELOPMENT IMPACT FEES (DIF)
An additional significant funding source is Development Impact Fees (DIF). Total projected
costs are $19,689,628, within all categories of DIF. The DIF projects include fourteen (14)
circulation type projects, a fire station project and eight (8) park projects. Total projected DIF
revenue $21,125,839.
~;TAFFING
The administration of most of the CIP projects is under the responsibility of the Capital
Projects Division of the Public Works Department. The Division consists of a Principal
Engineer, an Associate Engineer, an Assistant Engineer, and a Senior Public Works Inspector.
The Division currently administers thirty (30) projects, fifteen (15) of which are in the design
phase and fifteen (15) in the construction phase. The thirty (30) existing projects consist of
16 CIP projects, 7 Community Services District projects, 4 traffic projects, and 3 maintenance
projects.
The addition of the new capital projects will add significant demands to this division, as well
as the entire Public Works Departments. Therefore, it is anticipated that it will be necessary
to augment staff by securing Project Coordinators through contract or project employment.
This additional staffing will be addressed on a project by project basis, as projects are
presented to City Council for award of contract.
FISCAL IMPACT:
Funding must be secured prior to commencement of Assessment District projects. The
establishment of Districts for these projects will be addressed on a project by project basis.
Sufficient funds are available to proceed with the CFD 88-12 projects which are proposed for
FY 1994-95. However, a funding shortfall exists in the years beyond FY 1994-95. An
additional bond issue must be considered in order to fund the remainder of the CFD 88-12
projects. Should the Entertainment Center Projects proceed forward an additional
Redevelopment Agency bond issue should be considered.
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