HomeMy WebLinkAbout2024-12-10; City Council; Resolution 2024-273RESOLUTION NO. 2024-273
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA, ACCEPTING THE ANNUAL FINANCIAL INFORMATION
REPORT ON CAPITAL PROJECT FUNDS AND SPECIAL TAXES
WHEREAS, the City Council of the City of Carlsbad ("City Council") is required to make certain
findings annually with respect to special taxes collected and expended pursuant to California
Government Code Section 50075.3; and
WHEREAS, the City Council is required to make certain findings every five years with respect to
the unexpended fund balance of certain development fee funds pursuant to California Government
Code Section 66001; and
WHEREAS, the City of Carlsbad is required to annually report certain financial information
related to capital funds established to track fees charged in connection with the approval of
development projects pursuant to California Government Code Section 66006; and
WHEREAS, the information to make the required findings can be found in the fiscal year 2024-
25 Capital Improvement Program as adopted by the City Council on June 18, 2024.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, as
follows:
1. That the above recitations are true and correct.
I 2. That the annual Financial Information Report on Capital Project Funds and Special
Taxes (Attachment A) is accepted.
3. Tha~ for each developer fee identified in Attachment A these findings are made as
required under California Government Code Sections 66001:
a. That the purposes to which the developer fee is to be put
have been identified.
b. That a reasonable relationship has been demonstrated between the developer
fee and the purpose for which it is charged.
c. That all sources and amounts of funding anticipated to complete financing on
incomplete improvements.,have been identified.
d. That the approximate dates on which the funding referred to above is expected to
be deposited into the appropriate fund have been designated.
4. That these findings are based on information contained in the fiscal year 2024-25
Capital Improvement Program, which is incorporated by reference.
5. That the report in Attachment A was compiled from data derived from audited financial
records.
6. That the audited figures will also be available in the fiscal year 2023-24 Annual
Comprehensive Financial Report, which is likely to be issued before the end of the
calendar year.
PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City of
Carlsbad on the 10th day of December, 2024, by the following vote, to wit:
AYES:
NAYS:
ABSTAIN:
ABSENT:
BLACKBURN, BHAT-PATEL, ACOSTA, BURKHOLDER, LUNA.
NONE.
NONE.
NONE. 1(R1t~ . .
KEITH BLACKBURN, Mayor
\ !ti.du:,""' tm-Ji&,,.
k SHERRY FREISINGER, City Clerk ff _(SEAL)
Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2024
Bridge And Thoroughfare District #2
BEGINNING ENDING BALANCE OF CURRENT FY 2024-25 AND ESTIMATED PERCENTAGE
BALANCE FEES INTEREST MISC.CAPITAL BALANCE APPROPRIATIONS FUTURE ESTIMATED CONSTRUCTION EXPENDITURES
7/1/2023 COLLECTED EARNED REVENUES EXPENDITURES 6/30/2024 AT 06/30/2024 APPROPRIATIONS DATE PAID BY FEE
Projects:
Poinsettia Lane - Reach E Cassia Road To Skimmer Court -$ 383,035$ -$ Complete 100%
BTD #2 District Closeout in Process 1,038,445 In Progress 100%
1,355,135$ -$ 66,345$ -$ -$ 1,421,479$ 383,035$ 1,038,445$
Total:1,421,479$
Loans: None
Local Facilities Management Plan (LFMP) fee per average daily trip:
$ 496 Zone 5
2,569 Zone 20
2,073 Zone 21
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,.____ ____ _______.-------'-______.________._________.__________.________,I .___I_.___________.___________.__________,
Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2024
Bridge And Thoroughfare District (BTD) #3
BEGINNING ENDING BALANCE OF CURRENT FY 2024-25 AND ESTIMATED PERCENTAGE
BALANCE FEES INTEREST MISC.CAPITAL BALANCE APPROPRIATIONS FUTURE ESTIMATED CONSTRUCTION EXPENDITURES
7/1/2023 COLLECTED EARNED REVENUES EXPENDITURES 6/30/2024 AT 06/30/2024 APPROPRIATIONS DATE PAID BY FEE
Projects:
BTD #3 District Closeout in Process -$ 533,234$ In Progress 100%
508,347$ -$ 24,888$ -$ -$ 533,234$ -$ 533,234$
Total:533,234$
Loans: None
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Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006 and 50075.3
For the year ended June 30, 2024
Community Facilities District (CFD) #1
BEGINNING ENDING BALANCE OF CURRENT FY 2024-25 AND ESTIMATED PERCENTAGE
BALANCE TAXES FEES INTEREST OTHER CAPITAL OTHER BALANCE APPROPRIATIONS FUTURE ESTIMATED CONSTRUCTION EXPENDITURES
7/1/2023 COLLECTED COLLECTED EARNED REVENUE (1)EXPENDITURES EXPENDITURES 6/30/2024 AT 06/30/2024 APPROPRIATIONS DATE PAID BY FEE/TAX
Description
Orion Center 22,033$ 30,412,124$ 20,550,000 2025-26 94%
City Hall 904 729,509 115,500,000 2028-29 100%
Veteran's Memorial Park 349,057 39,237,122 5,800,000 2024-25 100%
Administration Costs 42,736 - - N/A 0%
CFD Taxes 769,437
BTD Fees -
Traffic Impact Fees
Public Facilities Fees 1,715,046
95,730,667$ 769,437$ 1,715,046$ 4,644,527$ 173,875$ 371,993$ 42,736$ 102,618,822$ 70,378,755$ 141,850,000$
Total:212,228,755$
Loans: None
(1) Consists of rental income received on city owned property and district annexation fees.
BTD Fees: Various
Traffic Impact Fee:
$4,630 per unit - residential-single family
3,704 per unit - residential-condominium
2,778 per unit - residential- apartment
184 per trip - commercial/industrial
Public Facilities Fee:
1.82% of building permit valuation
CFD#1 Tax Rates: Various
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Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2024
Park In Lieu Fees
BEGINNING ENDING BALANCE OF CURRENT FY 2024-25 AND ESTIMATED PERCENTAGE
BALANCE FEES INTEREST CAPITAL BALANCE APPROPRIATIONS FUTURE ESTIMATED CONSTRUCTION EXPENDITURES
7/1/2023 COLLECTED EARNED EXPENDITURES 6/30/2024 AT 06/30/2024 APPROPRIATIONS DATE PAID BY FEE
Projects:
Aviara Land Associates Limited Partnership Reimbursement Agreement -$ 219,100$ -$ Complete 100%
Leo Carrillo Ranch Park Phase 3B - - 2,564,000 2028-29 0%
Monroe Street Pool Replacement 1,082,914 1,848,729 - 2024-25 65%
Robertson Ranch Park Development (Partial Funding)204,824 823,156 425,000 2025-26 100%
Stagecoach Community Park Community Gardens 42,351 552,221 - 2024-25 100%
Hosp Grove Park Improvements - 1,222,000 1,403,000 In progress 0%
City Facility Safety and Parking Lot Lighting Assessment - 200,000 - In progress 0%
4,199,835$ 2,203,786$ 518,401$ 1,330,089$ 5,591,932$ 4,865,206$ 4,392,000$
Total:9,257,206$
Loans:
Received a $4,550,000 loan from the Public Facilities Fee Fund in 2007 for the acquisition of the Robertson Ranch Park Site. Land was purchased in 2008.
Repayment is scheduled for 2033-37. Interest is not charged on this loan.
Reimbursement Agreements:
A $332,500 reimbursement agreement from city to Aviara Land Associates Limited Partnership in 1989 for repayment for any park development fees in zone 19 of SW quadrant.
Repayment based on build out in zone, to date $113,400 has been paid.
Fee:
$4,471 to $10,750 per dwelling unit (NE, SW, and SE quadrants)
$5,296 to $12,031 per dwelling unit (NW quadrant)
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Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2024
Traffic Impact Fees
BEGINNING ENDING BALANCE OF CURRENT FY 2024-25 AND ESTIMATED PERCENTAGE
BALANCE FEES INTEREST CAPITAL BALANCE APPROPRIATIONS FUTURE ESTIMATED CONSTRUCTION EXPENDITURES
7/1/2023 COLLECTED EARNED EXPENDITURES 6/30/2024 AT 06/30/2024 APPROPRIATIONS DATE PAID BY FEE
Projects:
Avenida Encinas Widening - South Of Palomar Airport Road 1,695,916$ 3,594,985$ 3,000,000$ 2024-25 64%
Carlsbad Blvd. Realignment / Palomar Airport Road (Segment 2) - - 2,932,000 2035-39 0%
Carlsbad Boulevard Realignment - Manzano Drive to Island Way - - 3,681,000 2035-39 0%
El Camino Real And Cannon Road Intersection Improvements 9,766 216,377 - Complete 85%
El Camino Real Right Turn Lane To East Bound Alga Road - - 438,000 2035-39 0%
El Camino Real Widening - Arenal Road to La Costa Avenue 244,021 5,798,780 2,000,000 2024-25 100%
Melrose Drive Right Turn Lane To West Bound Palomar Airport Road - 729,653 150,714 Complete 100%
Palomar Airport Rd. And College Blvd. Intersection Improvement - 735,901 (735,901) Complete 100%
Sidewalk/Street Construction - Valley St. And Magnolia Ave.2,768,107 263,700 - 2024-25 73%
Sidewalk/Street Construction - Various Locations 667,717 1,570,379 3,725,000 Ongoing 100%
South Carlsbad Boulevard Realignment - - - 2035-39 0%
Terramar Area Coastal Improvements 170,972 4,585,046 1,700,000 2025-26 97%
Traffic Impact Fee Update 35,134 151,867 - 2024-25 100%
Traffic Monitoring Program 99,162 94,847 - 2024-25 100%
18,729,410$ 1,197,755$ 1,075,262$ 5,690,795$ 15,311,632$ 17,741,535$ 16,890,813$
Total:34,632,348$
Loans:
Received a $2,857,238 loan from the CFD #1 Fund for the construction of several circulation element roadways. Repayment is scheduled as fees are collected. Interest is not charged.
Current balance is $620,777
Fees:
$5,440 per unit - residential-single family
4,352 per unit - residential-condominium
3,264 per unit - residential-apartment
217 per trip - commercial/industrial
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Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2024
Industrial Corridor Fees (Zones 5, 13 and 16-18)
BEGINNING ENDING BALANCE OF CURRENT FY 2024-25 AND ESTIMATED PERCENTAGE
BALANCE FEES INTEREST CAPITAL BALANCE APPROPRIATIONS FUTURE ESTIMATED CONSTRUCTION EXPENDITURES
7/1/2023 COLLECTED EARNED EXPENDITURES 6/30/2024 AT 06/30/2024 APPROPRIATIONS DATE PAID BY FEE
Projects:
Business Park Recreational Facility -$ 18,000,000$ 2029-30 0%
4,728,681$ 65,933$ 230,674$ -$ 5,025,288$ -$ 18,000,000$
Total:18,000,000$
Loans: None
Fee: $0.40 per square foot on new industrial & commercial construction
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Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2024
Planned Local Drainage Fees
BEGINNING ENDING BALANCE OF CURRENT FY 2024-25 ESTIMATED PERCENTAGE
BALANCE FEES INTEREST OTHER CAPITAL BALANCE APPROPRIATIONS FUTURE ESTIMATED CONSTRUCTION EXPENDITURES
7/1/2023 COLLECTED EARNED REVENUE EXPENDITURES 6/30/2024 AT 06/30/2024 APPROPRIATIONS DATE PAID BY FEE
Projects:
Pld Area A - Drainage Master Plan Facility AAA (Jefferson Street)-$ -$ 290,000$ 2035-39 100%
Pld Area A - Drainage Master Plan Facility AAAA (Madison Street)- - 417,000 2035-39 100%
Pld Area A - Drainage Master Plan Facility AC (Highland Drive)- - 922,000 2035-39 100%
Pld Area A - Drainage Master Plan Facility AFA (Hidden Valley Drainage Restoration)- - 92,000 2035-39 100%Pld Area A - Drainage Master Plan Facility AFB (Calavera Hills Drainage Restoration)- - 164,000 2035-39 100%
Pld Area B - Drainage Master Plan Facility BL-L (College Boulevard Bridge Reimbursement)- - 1,817,000 2035-39 100%
Pld Area B - Drainage Master Plan Facility BFB-U (El Camino Real)300 15,166 - 2035-39 100%
Pld Area B - Drainage Master Plan Facility BFB-L + BF-1 (Tamarack And El Camino Real)- - 905,000 2035-39 100%
Pld Area B - Drainage Master Plan Facility BB 1 and 2 (Washington Street)- - 1,087,000 2035-39 100%
Pld Area B - Drainage Master Plan Facility BCB (Magnolia Avenue)- - 469,000 2035-39 100%
Pld Area B - Drainage Master Plan Facility BL-U (College Blvd.)- - 385,000 2035-39 100%Pld Area B - Drainage Master Plan Facility BM (Cantarini/College Blvd. Box Culvert)- - 205,000 2035-39 100%
Pld Area B - Drainage Master Plan Facility BQ (Sunny Creek)- - 132,000 2035-39 100%
Pld Area B - Drainage Master Plan Facility BR (Canatarini/College Blvd. Pipe Drainage)- - 181,000 2035-39 100%
Pld Area C - Drainage Master Plan Facility C2 (Paseo Del Norte)- - 728,000 2035-39 100%
Pld Area C - Drainage Master Plan Facility CA (Avenida Encinas)- - 530,000 2035-39 100%
Pld Area D - Drainage Master Plan Facility DBA (Poinsettia Village)- - 168,000 2035-39 100%
Pld Area D - Drainage Master Plan Facility DBB (Avenida Encinas)- - 430,000 2035-39 100%Pld Area D - Drainage Master Plan Facility DFA (Batiquitos Lagoon Stormwater Treatment)- - 257,000 2035-39 100%
Pld Area D - Drainage Master Plan Facility DH (Altiva Place Canyon Restoration)- - 233,000 2035-39 100%
Pld Area D - Drainage Master Plan Facility DQB (La Costa Town Square Center)- - - 2035-39 100%
Pld Area D - Drainage Master Plan Facility DZ (Poinsettia Lane)- - - 2035-39 100%
Drainage Master Plan Update 13,624 57,621 - In Progress 100%
Drainage Master Plan Update 22,168 13,639 - In Progress 100%
Drainage Master Plan Update 15,127 117,057 - In Progress 100%
Drainage Master Plan Update 15,918 40,146 - In Progress 100%
4,748,698$ 103,377$ 233,340$ 13,500$ 67,137$ 5,031,778$ 243,629$ 9,412,000$
Total:9,655,629$
Loans: None
Fee Per Gross Acre: Low Runoff
Medium
Runoff High Runoff
Area A - Buena Vista Lagoon 8,736$ 17,372$ 37,855$
Area B - Agua Hedionda Lagoon 3,266 6,294 14,148
Area C - Encinas Creek 3,169 4,483 13,736
Area D - Batiquitos Lagoon 3,005 4,916 13,025
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Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2024
Public Facilities Fees
BEGINNING ENDING BALANCE OF CURRENT FY 2024-25 AND ESTIMATED PERCENTAGE
BALANCE FEES INTEREST OTHER CAPITAL BALANCE APPROPRIATIONS FUTURE ESTIMATED CONSTRUCTION EXPENDITURES
7/1/2023 COLLECTED EARNED REVENUE (1)EXPENDITURES 6/30/2024 AT 06/30/2024 APPROPRIATIONS DATE PAID BY FEE
Projects:
Leo Carrillo Ranch Park Phase 3 -$ 25,659$ -$ Complete 54%
Leo Carrillo Park - Phase 3 Art 4,756 12,422 - Complete 100%
Cole Library Expansion - - - 2034-35 0%
Kelly Drive and Park Drive Complete Street Improvements 437 996,579 - 2024-25 0%
Pickleball Courts - 300,000 2,100,000 2025-26 0%
Pine Avenue Park - Phase II (Community Building)7,700 - - Complete 81%
Poinsettia Community Park - Phase 4 - Dog Park 74,470 91,627 - Complete 100%
State Street Parking Lot Electric Vehicle Charging Stations 94,740 203,748 150,000 2024-25 100%
Terramar Area Coastal Improvements 30,540 2,409,074 5,500,000 2025-26 100%
Temporary Fire Station No. 7 24,964 107,573 - Complete 63%
Valley and Magnolia Complete Streets - 251,000 - 2024-25 0%
Village H South Off Leash Dog Area And Trail Segment 5B - 328,551 1,400,000 2031-32 100%
33,754,723$ 2,295,934$ 1,323,597$ 67,881$ 237,607$ 37,204,528$ 4,726,233$ 9,150,000$
Total:13,876,233$
(2) Consists of utilities paid on city owned property.
Loans: None
Fee: 3.50% of building permit value
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Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2024
Parking In Lieu Fee-Village Area
BEGINNING ENDING BALANCE OF CURRENT FY 2024-25 AND ESTIMATED PERCENTAGE
BALANCE FEES INTEREST BALANCE APPROPRIATIONS FUTURE ESTIMATED CONSTRUCTION EXPENDITURES
7/1/2023 COLLECTED EARNED EXPENDITURES 6/30/2024 AT 06/30/2024 APPROPRIATIONS DATE PAID BY FEE
Projects:
Downtown Parking Lot Lease Payments (1)55,631$ -$ 1,107,248$ N/A 100%
1,108,168$ -$ 54,711$ 55,631$ 1,107,248$ -$ 1,107,248$
Total:1,107,248$
(1) The city currently leases parking lot areas from North County Transit District on an ongoing basis for village area parking.
Loans: None
Fee: $11,240 per parking space
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Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2024
Habitat Mitigation Fee
BEGINNING ENDING BALANCE OF FY 2024-25 AND ESTIMATED PERCENTAGE
BALANCE FEES INTEREST BALANCE LOAN FUTURE CONSTRUCTION EXPENDITURES
7/1/2023 COLLECTED EARNED EXPENDITURES 6/30/2024 AT 06/30/2024 APPROPRIATIONS DATE PAID BY FEE
Projects:
Payment Made on General Fund Loan 29,750$ 1,187,173$ -$ N/A 100%
(1,167,694)$ 10,126$ 152$ 29,750$ (1,187,166)$ 1,187,173$ -$
Total:1,187,173$
Loans:
Received cash advances of $759,028 and $1,104,114 from the General Fund for the purchase of habitat land in 2011 and 2020, respectively.
Repayment is scheduled as sufficient cash becomes available. Interest is charged annually on this loan at a rate equal to the
average treasurer’s portfolio rate during the fiscal year.
Current loan balance including accrued interest is $1,187,173
Fee:
$39,381 per impacted acre - coastal sage scrub
19,692 per impacted acre - non-native grassland
3,938 per impacted acre - agricultural land, disturbed land, eucalyptus wood
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Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2024
Agricultural Mitigation Fee
BEGINNING ENDING BALANCE OF CURRENT FY 2024-25 AND ESTIMATED PERCENTAGE
BALANCE FEES INTEREST BALANCE APPROPRIATIONS FUTURE ESTIMATED CONSTRUCTION EXPENDITURES
7/1/2023 COLLECTED EARNED EXPENDITURES 6/30/2024 AT 06/30/2024 APPROPRIATIONS DATE PAID BY FEE
Projects:
Community Grants and Contributions 220,324$ 375,669$ -$ N/A 100%
Future Community Grants and Contributions 627,679 TBD 100%
1,162,955$ -$ 60,717$ 220,324$ 1,003,349$ 375,669$ 627,679$
Total:1,003,349$
Loans: None
Fee: $10,000 per acre
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Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2024
Sewer Benefit Area Funds
BEGINNING ENDING BALANCE OF CURRENT FY 2024-25 AND ESTIMATED PERCENTAGE
BALANCE FEES CAPITAL BALANCE APPROPRIATIONS FUTURE ESTIMATED CONSTRUCTION EXPENDITURES
7/1/2023 COLLECTED INTEREST EXPENDITURES 6/30/2024 AT 06/30/2024 APPROPRIATIONS DATE PAID BY FEE
Projects:
Future Projects (1)- 8,115,314$ TBD TBD
7,527,728$ 222,919$ 364,667$ -$ 8,115,314$ -$ 8,115,314$
Total:8,115,314$
(1) The city is able to use the funds for similar capital projects in the same area as the SBA where the funds were collected.
Loans: None
Fees:
$3,252 Area C
3,259 Area D
4,807 Area E
4,832 Area F
1,418 Area H
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Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2024
Wastewater Connection Fee Fund
BEGINNING ENDING BALANCE OF CURRENT FY 2024-25 AND ESTIMATED PERCENTAGE
BALANCE FEES OTHER CAPITAL BALANCE APPROPRIATIONS FUTURE ESTIMATED CONSTRUCTION EXPENDITURES
7/1/2023 COLLECTED INTEREST REVENUE (1)EXPENDITURES 6/30/2024 AT 06/30/2024 APPROPRIATIONS DATE PAID BY FEE
Projects:
Buena Interceptor Sewer/Manhole Rehabilitation 24,153$ 502,865$ -$ 2031-32 6%
El Fuerte Lift Station Pump Addition - 379,673 45,000 2024-25 100%
Faraday/El Camino Real Sewer Replacement - 2,792,681 340,000 2024-25 100%
Harding Street Sewer Improvements - - 1,200,000 2024-25 0%
Las Palmas Trunk Sewer - 301,000 3,250,000 2025-26 0%
Sewer Capacity Monitoring Program - 311,088 308,000 2031-32 0%
Sewer Modeling 40,133 82,110 - In Progress 100%
Sewer Line Capacity Improvements - - - In Progress 0%
Vista Carlsbad Interceptor - Buena Vista Lift Station Improvements - 154,265 134,000 2031-32 0%
Vista/Carlsbad Interceptor - Agua Hedionda Lift Station/Forcemain (Vc12-Vc13) (2)57,326 747,282 - In Progress 100%
Vista/Carlsbad Trunk Line Interceptor (Reach 11B) (2)- 15,146 - Completed 100%
Vista/Carlsbad Trunk Line Interceptor (Reach 13-15) (2)- 102,870 - Completed 100%
Vista/Carlsbad Trunk Line Interceptor (Reach 3) (2)- 130,000 792,000 2025-26 100%
2,815,805$ 432,461$ 312,997$ 33,333$ 121,612$ 3,472,984$ 5,518,980$ 6,069,000$
Total:11,587,980$
Loans: Received a $3,500,000 loan from the Wastewater Replacement Fund. Repayment is scheduled for 2027. Interest is not charged on this loan. This loan is not included in the ending balance above.
(1) Includes the City of Vista's share of the joint capital projects.
(2) These are joint projects with the City of Vista - the percentage shown as paid by fee is Carlsbad's construction percentage of the total future appropriations. Non-construction Carlsbad percentages are 35%.
Fee: $1,265 - General Capacity Fee for all Areas
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