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REVISED SURPLUS ALLOCATION CONT'D <br />fUNDS - YEAR 1!80881 €PAB$ <br />ALTRSCATION NE`F S <br />Available Funds for Priorl0zatlon $11,250,000 <br />Shortfall $5,809,800 $5,809,800 <br />$48,993,760 <br />Other potential funding sources available: <br />• Sale of Bristol Street Property- $2.1 milllon In CDBG funds <br />• Use of Economic Uncertainty Funds (in excess of 20% Reserves)- $3.8 million <br />• Recommended for SARTC to be repaid with higher rents <br />• UUT Passed- allows for Investment of fund <br />ADDITIONAL CITY COUNCIL <br />PRIORITIES /CONSIDERATIONS <br />Joint Use Program <br />Ad /Placemaking /Beautificafion <br />Santa Ana Tax Free Day <br />Willowick Golf Course <br />Orange County Marathon <br />Homeless <br />Santiago Creek Feasaillty Study <br />One Broadway Plaza <br />Unfunded Liabilities <br />South Main Infrastructure Amenities <br />Voter Re9lstratlon /Educatlon COTC <br />Capital Deferred Maintenance <br />No specific funding amounts allocated at this time. <br />Councilmember Martinez, asked that collegues meet with City Manager or <br />staff to offer recommendations on distribution of funds; thanked Building <br />Healthy Communities for engagement; supports place making, but mindful <br />of projects that have on -going expenses. <br />Mayor Pulido, inquired as to $3.8 million one -time economic development <br />investment fund that should be included in surplus funds, add sale of <br />surplus parcel on Bristol Street which is excess of $2 million. <br />Councilmember Amezcua, asked that a portion of reserve funds be <br />considered for infrastructure funds. <br />Mayor Pro Tern Sarmiento, asked that staff look at areas to invest and <br />maximize funding; opined that base line standard is what should be <br />considered. <br />City Manager Cavazos, thanked the City Council for feedback and noted <br />that as an example of maximizing funds, City can increase rents at Santa <br />Ana Regional Transportation Center (SARTC) after improvements <br />completed. <br />City Council to provide feedback to the City Manager or staff on <br />recommendations. <br />CITY COUNCIL MINUTES 21 SEPTEMBER 15, 2015 <br />1 OA -21 <br />