65B - MATER DEI PROJECT FUND OPTIONS

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Third Amendment to Development Agreement No. 1999-01 Mater Dei High School Parking Structure Expansion Project June 5, 2018 Page 4 Based on the current SBI guidelines, the requested Saint Andrew Place pavement rehabilitation could be included as early as FY 2019/20. The Bristol Street/Saint Andrew Place traffic signal does not qualify for SB1 funds because the City's PCI is 77 and does not meet the requirement of PCI 80 or above. The alley connector does not meet the criteria of eligible projects. Gas Tax — This source is no longer available for Capital Projects. While the City expects to receive roughly $8.67 Million in Gas Tax during FY 2018/19, $4.3 Million is used for repayment of the local street improvement bond issued in 2007. The annual revenue has been steadily decreasing primarily due to more fuel efficient vehicles. There are no excess monies available after funding programs such as maintenance and operations of existing_ signals, pothole repair, Omnibus Concrete, and landscape medians. Therefore, the City is no longer able to use Gas Tax as a local match source for grant funds, capital projects, or other discretionary uses. Staff has developed a draft list of projects for future City Council consideration to be funded with FY 2019/20 and FY 2020/21 SB1 and Measure M2 monies (Exhibit 2), assuming the City would receive similar allocations for those fiscal years. If the City programs the requested Bristol Street/Mater Dei Traffic Signal and/or the Saint Andrew Pavement Rehabilitation projects in FY 2019/20, then an estimated $732,000 worth of projects from the list would be delayed. Delaying any of the listed projects will result in significantly higher costs for the same project if it is deferred. Additionally, continued receipt of the funding is not guaranteed, as repeal of the SB1 funding measure may be on the November 2018 ballot. STRATEGIC PLAN ALIGNMENT This item supports the City's efforts to meet Goal #3 - Economic Development, Objective #2 (create new opportunities for business/job growth and encourage private development through new General Plan and Zoning Ordinance policies). FISCAL IMPACT There is no fiscal impact associated with this action. Funding impact will be identified based on City Council directioyr-,, / Q . P.E. Minh Thai Acting Executive Director Public Works Agency Executive Director Planning and Building Agency Exhibits 1. Mater Dei High School Parking Structure and School Expansion Project 2. List of Priority Projects Programmed for SB1 & Measure M2 funds L.