HomeMy WebLinkAbout20A - AA BRISTOL STREET PROJREQUEST FOR
COUNCIL ACTION
CITY COUNCIL MEETING DATE:
FEBRUARY 5, 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)
CITY MANAGER
RECOMMENDED ACTION
CLERK OF COUNCIL USE ONLY:
APPROVED
❑ As Recommended
❑ As Amended
❑ Ordinance on 16' 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 $572,000 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. This segment is 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.
Since the project is nearly completed, a reconciliation of project revenues found that initial
expenditures made by the funding agency (Orange County Transportation Authority) had not
been accounted for when the City took over managing the funds. In order to restore project
budget levels to their original amounts, the two above appropriation adjustments are
recommended. In addition, the third recommended action reallocates unexpended funds from a
completed project to make them available for this project. These funds will allow final payments
to be made and project closeout to be initiated.
20A-1
Appropriation Adjustment for Bristol Corridor Project
February 5, 2019
Page 2
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
$572,000 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 Reallocation
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
ImpNvements Project Phase 3B (Project No. 11-6740).
0
Fuad Sweiss, PE, PLS
Executi Director
Public rks Agency
FSS/EWG/JG/ST/HG
APPROVED AS TO FUNDS AND ACCOUNTS:
r/ a�,
Kdthryn Downg, CPA �� * Y9
Executive Director;s
Finance and Management Services Agency
20A-2