Item 10 - Prioritization of Park Projects

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Prioritization of Park Projects October 15, 2024 Page 3 4 6 1 7 6 3 4 Project Budget Priority Angels Park Lights (bids were due October 1)$500,000 2 Centennial Park Lights (bids were due October 1)$250,000 2 Centennial Park Restrooms (bids were due October 3)$400,000 1 Delhi Park Lights (bids were due October 1)$600,000 2 Dog Park and related Improvements/Expansion at Centennial Park (bid advertised on September 30) $4,400,042 1 Park Sidewalk/Ramp Improvements $400,000 1 Portola Splash Pad and Restrooms (currently in design)$3,500,000 1 Zoo Educational Hub Building (in development process, has $2 million grant) $2,820,014 2 Zoo North Wall (advertising for bids soon)$1,200,000 2 Zoo Walkways – Phase 1 (bids were due September 30)$392,940 1 Zoo Walkways – Phase 2 (may be used to help fund Phase 1 if bids are high) $400,000 1 Exhibit 1 includes the detailed list of all currently budgeted park projects. The list includes funding sources and expected completion dates, which are subject to change based on available funding and reprioritization. Budget The FY 2024-25 budget includes $6.7 million for park projects, and staff estimates up to $73.3 million of unspent FY 2023-24 budget is available for carryover to FY 2024-25 for a total potential budget of $80 million. The following table is a summary of the funding sources. Funding Source Amount General Fund $19.0 million Self-Restricted General Fund (e.g. Cannabis Public Benefit)$15.0 million Revive Spending Plan (American Rescue Plan Act aka ARPA)$20.7 million Acquisition & Development fees from Developers $16.4 million Parks State Grants $7.2 million CDBG $1.6 million All Other Restricted Sources $0.1 million Total:$80.0 million Of the total $80.0 million budget, all but $8.9 million of the funding sources (grants, CDBG, and other restricted) are flexible for reallocation to different park projects.