Laserfiche WebLink
Contract Award — Warner Industrial Community <br />Roadway Improvements <br />June 21, 2016 <br />Page 3 <br />Capital Improvement Programs for FY 2013 -14 and 2014 -15, respectively, are available to be <br />repurposed and transferred to this project. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #6 Community Facilities & <br />Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City <br />assets), Strategy B (equitably maintain existing streets and associated assets in a state of good <br />repair so they are clean, safe, and aesthetically pleasing for all users), and Strategy G (develop <br />and implement the City's Capital Improvement Program in coordination with the Community <br />Investment Plan [e.g., neighborhood streets, traffic improvements, etc.]). <br />ENVIRONMENTAL IMPACT <br />In accordance with the California Environmental Quality Act, the recommended actions are exempt <br />from further review. Categorical Exemption Environmental Review No. 2016 -59 was filed for this <br />project, and a Certification of Categorical Exemption and Statutory Worksheet have been prepared <br />in accordance with the National Environmental Policy Act. <br />FISCAL IMPACT <br />This project will be funded through a partnership between the WIC Assessment District (bonds <br />serviced by assessed property owners) and the City. The following table summarizes the funds <br />for construction; transactions will be taking place during FY 2016 -17 at the time of issuance /closing <br />of the bond: <br />SOURCE <br />AVAILABILITY <br />AMOUNT <br />Property Owner Private Funds <br />O Bond - Assessment District <br />........ - ..... . ... .. ...... ........,... <br />Minimum Bond /Cash in July 2016 <br />.,. .............. <br />$2,173,500 <br />City Funds — Available FY 2015/16 <br />..... ....... <br />O Measure M2 <br />...._ . ....... ........... . <br />FY 2015/16 CIP Budget (from prior year carry overs) <br />$1,733,415 <br />Local Street Preventative Maintenance <br />City Funds — Available FY 2016/17 <br />- ..._.. ..... ....... <br />O Measure M2 <br />.. ........ ........ ....... ... ._.. <br />FY 2016/17 Budget <br />$1,400,000 <br />Total Funds Available before Starting Construction <br />$5,306,915 <br />23A -3 <br />