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HomeMy WebLinkAbout061595 CC Workshop AgendaAGENDA TEMECULA CITY COUNCIL WORKSHOP TEMECULA CITY HALL - MAIN CONFERENCE ROOM 43174 BUSINESS PARK DRIVE JUNE 15, 1995 - 7:00 PM CALL TO ORDER: Mayor Jeffrey E. Stone presiding ROLL CALL: Lindemans, Mu~oz, Parks, Roberts, Stone PUBLIC COMMENTS A total of 30 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 Prooosed FY 1996-00 Caoital Imerovement Proc~ram RECOMMENDATION: 1.1 Review and discuss the Proposed FY 1996-00 Capital Improvement Program (CIP), providing direction to staff as appropriate. ADJOURNMENT Next regular meeting: June 27, 1995, 7:00 PM, Community Recreation Center, 30875 Rancho Vista Road, Temecula, California AgenddO81686 1 06112/96 ITEM NO. I APPROVAL CITY ATTORNEY FINANCE OFFICER CITY MANAGER TO: FROM: DATE: SUBJECT: CITY OF TEMECULA AGENDA REPORT City Manager/City Council Genie Roberrs, Finance Officer June 15, 1995 Review of the Proposed FY 1996-00 Capital Improvement Program PREPARED BY: Allie Kuhns, Senior Management Analyst RECOMMENDATION: Review and discuss the proposed FY 1996-00 Capital Improvement Program (CIP), providing direction to staff as appropriate. DISCUSSION: The CIP serves as a plan for the provision of public improvements throughout the City of Temecula. The capital improvements specified in the proposed program are projects which exceed $20,000 in cost, have long-term life spans, and are nonrecurring annually. The CIP document is designed as a planning tool through the coordination of the financing and scheduling of all capital improvement projects. CIP DEVELOPMENT The attached CIP documents are presented for City Council review and comments. Included in these documents are the following: Enclosure I - Description of Revenue Sources Enclosure 2 - Description of Priorities Enclosure 3 - Project Summary Listing by Type of Project and Priority Enclosure 4 - Comparison Between Projected Revenue and Costs by Source of Funds by Fiscal Year Enclosure 5 - Project Description Pages The development of the Capital Improvement Program (CIP) is a result of several staff CIP workshops, during which each project was discussed thoroughly for feasibility, timing, funding sources, and necessity. Each Department Head contributed significantly to the discussions, as is evidenced in the resulting proposed Capital Improvement Program. One change to the proposed document from previous years is the addition of project status (C-Construction, D-Design, NS-Not Started, S-Started) to assist in possible reprioritization of projects. COSTS Overall, total costs to complete proposed projects during the fiscal years 1995/96 through 1999/00 are 9112,485,279. A total of sixty (60) projects are included in the program, consisting of twenty-four (24) Circulation Projects; ten (10) Infrastructure Projects; fourteen (14) Park Projects; and twelve (12) Redevelopment Agency Projects. REVENUES Projected revenue for the five year Capital Improvement Program is 9104,156,950. An item of significant note is in the Comparison Between projected Revenue and Costs by Source of Funds by Fiscal Year (enclosure 4), where revenues have been projected for the Proposed Assessment Districts (AD), but not for Community Facilities District (CFD) 88-12. This is to account for the uncertainty of CFD 88-12, and the higher level of certainty of the Proposed AD, as funding sources, since the projects within the Proposed AD funding source will not proceed to construction without the establishment of the Districts. Additionally, the proposed document includes projects which are partially or totally unfunded as follows: PROJECT PROPOSED FUNDING SOURCE AMOUNT UNFUNDED City Corporate Facilities Unspecified $ 2,400,000 Overland Overcrossing Unspecified $ 8,447,154 R. C. Road Interchange CFD 88-12 $ 6,581,124 917,428,278 FISCAL IMPACT: The adoption of the FY 1996-00 Capital Improvement Program establishes the project appropriations for FY 1995-96. Projects which do not have sufficient funds within the funding source will not proceed until the funding has been secured. 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