Laserfiche WebLink
REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />JUNE 16, 2015 <br />TITLE: <br />RECOGNIZE DEVELOPER CONTRIBUTION <br />AND APPROPRIATE FOR OFF -SITE <br />IMPROVEMENTS TO PUBLIC <br />INFRASTRUCTURE <br />(STRATEGIC PLAN NOS. 3,3C; 3,5) <br />CITY MAffAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />...0• _R <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 1s' Reading <br />❑ Ordinance on 2nd Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />1. Recognize a developer contribution from Core Holdings, LLC, in the amount of $60,000 in <br />Fiscal Year 2014 -2015. <br />2. Approve an appropriation adjustment in Fiscal Year 2014 -2015 transferring $60,000 to the <br />budget line items where expenditures were incurred as follows: <br />a. $26,790 to Select Street Construction Fund <br />b. $12,799 to General Fund <br />c. $10,591 to Water Enterprise Fund <br />d. $7,113 to Sanitation Enterprise Fund <br />e. $2,707 to Sewer Enterprise Fund <br />DISCUSSION <br />In July 2014, the City received a developer contribution from Core Holdings, LLC, in the amount <br />of $60,000, satisfying certain conditions of private development at 601 East Santa Ana <br />Boulevard, to supplement ongoing City construction of off -site improvements in the area. <br />Improvements included demolition and construction of sidewalk, curb and gutter; removal of a <br />tree; street lighting improvements; adjustment of water and sewer pipe placement; and <br />associated street repairs. These improvements are now complete. Staff recommends that Council <br />recognize the developer contribution and appropriate it proportionally to the following funds: <br />Fund Percentage Amount <br />Select Street Construction Fund (sidewalk, curb, gutter) 44.6 26,790 <br />General Fund (street lighting) 21.3 12,799 <br />Water Enterprise Fund (water pipe replacement) 17.7 10,591 <br />Sanitation Enterprise Fund (tree removal) 11.9 7,113 <br />Sewer Enterprise Fund (sewer pipe replacement) 4.5 2,707 <br />100% $60,000 <br />20A -1 <br />