HomeMy WebLinkAbout20C - AA REALLOCATION OF FUNDS BRISTOL PROJREQUEST FOR
COUNCIL ACTION
CITY COUNCIL MEETING DATE:
JANUARY 15, 2019
TITLE:
APPROVE APPROPRIATION ADJUSTMENTS
AND REALLOCATION OF FUNDS FOR
BRISTOL STREET IMPROVEMENTS
PROJECT PHASE 3B (PROJECT NO. 11-6740
NONGENERALFUND)
(STRATEGIC PLAN NOS. 6, 1G; 3,2C)
i
CIV MANAGER
RECOMMENDED ACTION
CLERK OF COUNCIL USE ONLY:
APPROVED
❑ As Recommended
❑ As Amended
❑ Ordinance on 1s' Reading
❑ Ordinance on 2nd Reading
❑ Implementing Resolution
❑ Set Public Hearing For
CONTINUED TO
FILE NUMBER
1. Approve an appropriation adjustment appropriating $600,000 from prior year fund balance in
the Select Street Construction revenue account, and appropriating the same amount into the
Select Street Construction expenditure account.
2. Approve an appropriation adjustment recognizing $272,000 in Transportation System
Improvement Area F revenues, and appropriate the same amount into Transportation System
Improvement Area F expenditure account.
3. Authorize the reallocation of $1,252,209 in unspent Fiscal Year 2015-16 Measure M2 Local
Fairshare Funds from a completed project to the Bristol Street Improvements Project Phase
3B (Project No. 11-6740).
DISCUSSION
Bristol Street is a major north -south transportation facility which is designated as a major arterial
in the City's Circulation Element of the General plan. Improving the 3.9 -mile Bristol Street
segment from Warner Avenue to Memory Lane has been a long-term priority project that will be
constructed in several phases. The project includes improvements of Bristol Street between
Washington Avenue and Seventeenth Street and is designated as Phase 3B. Improvements
include widening the street from two to three lanes in each direction, raised landscape medians,
and bike lanes.
As part of the project, the Public Works Agency required a partial acquisition of the McDonald's
property located at 1439 North Bristol Street. The real estate component of this transaction was
completed in 2017. Mediation was conducted on December 3, 2018, to address the goodwill
component, due to a pending trial in January 2019. A settlement was reached on both goodwill
and relocation for $1,550,000, completing the acquisition of this site. City Council approved the
aforementioned settlement amount on December 18, 2018.
20C-1
Appropriation Adjustment for Bristol Corridor Project
January 15, 2019
Page 2
Additional funding is required to complete this right-of-way transaction and to supplement the
construction funding for the project. The construction contract itself is not being increased and
remains the same as council originally awarded. The funding is being supplemented due to a
discrepancy in the funding analysis for the award of the contract to make the project whole.
Staff recommends council approve the requested appropriation adjustments.
STRATEGIC PLAN ALIGNMENT
Approval of this item supports the City's efforts to meet Goal #6 — Community Facilities &
Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City
assets), Strategy G (develop and implement the City's Capital Improvement Program in
coordination with the Community Investment and Deferred Maintenance Plans).
Approval of this item also supports the City's efforts to meet Goal #3 — Economic Development,
Objective #2 (create new opportunities for business/job growth and encourage private
development through new General Plan and Zoning Ordinance policies), Strategy C (support
business development and job growth along transit corridors through the completion of critical
transit plans/projects).
ENVIRONMENTAL IMPACT
There is no environmental impact associated with this action
FISCAL IMPACT
Appropriation Adjustment — Select Street Construction
The appropriation adjustments will recognize funds as follows: $600,000 of Gas Tax prior year
balance in the Select Street Construction revenue account (No. 05917002-50001) and
appropriate the same amount into the Select Street Construction expenditure account (No.
05917663-66220).
Appropriation Adjustment — Transportation System Improvement Area F
$272,000 from the Transportation System Improvement Area F revenue account (No. 03517002-
50001), and appropriate the same amount into the Transportation System Improvement Area F
expenditure account (No. 03517660-66220).
Project Re -allocation
Upon approval of the recommended reallocation of unspent Measure M2 Local Fairshare Funds,
$1,252,209 will be available in the Measure M2 Local Fairshare Fund (Account No. 03217662-
66220). All funds will be available for expenditure in Fiscal Year 2018-19 for Bristol Street
Improvements Project Phase 3B (Project No. 11-6740).
20Ci-2
Appropriation Adjustment for Bristol Corridor Project
January 15, 2019
Page 3
APPROVED AS TO FUNDS AND ACCOUNTS:
Fuad S. Sw iss, PE, PLS Kathryn Downs, CPA eq rr sy
Executive Di ector Executive Director
Public Work Agency Finance and Management Services Agency
FSS/EWG/JG/ST/HG
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