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Recognize Developer Contribution and Appropriate <br />For Off -Site Improvements to Public Infrastructure <br />June 16, 2015 <br />Page 2 <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #3 Economic Development, <br />Objective #3 (promote a solutions -based customer focus in all efforts to facilitate development <br />and investment in the community), Strategy C (explore opportunities to encourage a business <br />friendly environment within the city through the reduction of non-essential regulatory <br />requirements, improved coordination between agencies for development review and addition of <br />monetary incentives); and, Objective #5 (leverage private investment that results in tax base <br />expansion and job creation citywide). <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />In Fiscal Year 2014-2015, funds have been deposited in the Select Streets Construction Fund <br />Revenue account (No. 05917002-57080). Approval of the appropriation adjustment will transfer <br />$60,000 to the budget line items where expenditures were incurred as follows: <br />Account Amount <br />05917663-66220 Traffic Congestion Relief HUT 2013 $26,790 <br />01117630-62300 Public Works -Street Light Maintenance 12,799 <br />06017641-62300 Water System Maintenance 10,591 <br />06817643-62300 Public Works -Street Trees 7,113 <br />05617640-62300 Sanitary Sewer Service 2,707 <br />TOTAL $60,000 <br />APPROVED AS TO FUNDS AND ACCOUNTS <br />/V /I wu�,I A _ ) <br />Fed savipour Francisco Gutierrez <br />Executive Director Executive Director <br />Public Works Agency Finance & Management Services Agency <br />FM/MLM/JE <br />Exhibits: 1. Memorandum dated July 17, 2014, re: MCT #29601 <br />2. Agreement dated July 17, 2014 <br />20A-2 <br />