HomeMy WebLinkAbout1987-01-27; City Council; 8859-1; Hosp Grove Financing Task Forcec IT -
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OF CARLSBAD - AGENE
TITLE:
HOSP GROVE FINANCING
BILL
FIN I )EPT.
m
DEPT. K HD
CITY ATTY'
CITY MGR.~
RECOMMENDED ACTION:
Adopt Resolution No.nS4, appointing the Hosp Grove Financing Task Force.
ITEM EXPLANATION:
At the meeting of January 13, 1987, the City Council asked staff to take two
actions relating to Hosp Grove financing. First, Council indicated that a
task force should be formed and charged with the responsibility of studying
Hosp Grove financing alternatives.
data on the alternatives available to the City Council for funding the Hosp
Grove purchase.
Second, the staff was to present additional
The attached resolution, if adopted by Council, creates the Hosp Grove
Financing Task Force.
responsibility of reviewing the various alternative finacing sources.
Council wishes to have the committee report available at the February 24
Council meeting, the task force must complete their work by February 10 to
meet agenda bill submission deadlines.
task force to complete their work.
This committee of eight citizens is charged with the
If
This allows ten working days for the
'fhe staff has also prepared several exhibits attached to this agenda bill in
response to the Council's request for additional financial data.
0 Capital Project Funding Status -
This report provides a summary of the City's capital program,
the funding source for each project and the status of each
project. Council may review this report for projects which
could be deferred.
0 Future Capital Projects -
This report provides a summary of projects that are unfunded at
this time that could be affected by dedicating resources to
Hosp Grove.
The citizens' task force will require this data and more to make an informed
decision.
develop sound recommendations.
The City staff is prepared to work with the task force to help
FISCAL IMPACT :
The appointment of the citizens' task force will have little or no fiscal
impact on the City.
EXHIBITS :
1. Capital project funding and status.
2.
3.
Future capital projects requiring funding.
Resolution No.fq5qappointing the Hosp Grove Financing Task Force.
1
CITY OF CARLSBAD
REVIEW OF CAPITAL PROJECT
FUNDING & STATUS
AS OF 1-9-87
The following provides a brief description of the City's capital projects
focusing on those financed from unrestricted funds or funds which could be
diverted to the purchase of Hosp Grove.
Projects funded from the General Fund, General Fund Capital Construction Fund,
or Revenue Sharing Fund should be considered for deferral first.
of funds are unrestricted and may be used for any purpose.
These sources
Projects funded from Traffic Impact Fees may be defevred to avoid the necessity
of loaning about $500,000 to the Traffic Impact Fee Fund(T1F) from the General
Capital Construction Fund to support these projects, thereby freeing an additional
$500,000 for Hosp Grove Funding.
Projects funded from Public Facility Fees (PFF) and Park-in-Lieu Fees (PIL)
may also be deferred.
would have to be
financing sources to Hosp Grove.
However, city standards for the use of such funds
amended prior to diverting resources from these restricted
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7
CITY OF CARLSBAD
FUTURE PROJECTS REQUIRING RUNDING
The following list of capital projects has been prepared in response to
Council's questions related to which projects may be competing for future
funds. This list is for discussion purposes only and is not intended to
be a complete capital improvement program for the next one to five years.
A revised CIP will be available to Council in April or May 1987, to be
considered for adoption in June.
Both the City Council and City staff will want to add to this list as
discussions of funding alternatives for Hosp Grove continue.
This list totals $41 million and includes both small and large projects.
Some projects may require loans from the City's general purpose funds to
permit construction in the near future.
at a later time and should be deferred until restricted funds become available.
Others will have sufficient funding
The task force will have an opportunity to review this list as part of
their evaluation process.
8
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CITY OF CARLSBAD
PROJECTS REQUIRING FUNDING
AS OF 1-15-87
ADDITIONAL FUNDING REOUIRED
1. La Costa Avenue Lagoon Mitigations -
I1 A I1 priority project in Traffic Impact
Fee list. Not presently budgeted.
2. Palomar Airport Road Bridge @ I-5-
To be funded form Bridge & Thoroughfare
District Fees. Not presently budgeted.
3. Park Drive Widening @ Marina -
Project presently funded from General
Capital Construction Funds (GCC).
Additonal funding needed to complete
work ($50,000 in present budget).
4. Tamarack - 1-5 to Carlsbad Blvd widening -
Public Facilities Fee project. Not
currently budgeted.
Cost - $750,000. To do project now
would require loan from City to
Traffic Impact fund (TIF) or use of
debt financing.
Cost - $3 million to $5 million.
To do project now would require
loan to Bridge & Thoroughfare
Dist. or use of debt financing.
Cost - $150,000. Funded from
GCC.
Cost - $2 million. (PFF)
5. Cannon Rd Carlsbad Blvd to 1-5 Cost - $500,000 (GCC)
(R/R tracks) -
Widen and Improve. Not in current budget.
6. Phase I1 - Safety Center - Cost $3.2 million. (PFF)
(Scheduled for 1989-90 present CIP).
Primarily PFF funding with contribution
from Warer ti Sewer Enterprise Funds for
portion of costs (Warehouse, Maint. shops).
$255,000 presently budgeted.
7. Phase I11 Safety Center (Fire Station)-
Scheduled for 1988-1991 in present
CIP. Funded from PFF. Not
presently budgeted.
8. Las Pasmas Purchase -
No funding source designated for
purchase of the Las Palmas building.
PFF allows $4 million for City Hall
offices; however, no PFF funds have
been budgeted.
9. Swimming Pool Deck -
To repair pool deck in areas where
damage has occurred. Not presently
budgeted .
Cost - $1.7 million. (PFF)
Cost - $1.3 million. (GCC)
Cost - $200,000. (GCC)
9
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ADDITIONAL FUNDING REQUIRED
10. Miscellaneous Street, Sidewalk and Drainage Cost - $500,000. (GCC)
Projects -
To repair, replace and construct
improvements as part of a Safety/
Hazard Elimination and Maintenance
Program. Not presently budgeted.
11. La Costa Avenue Widening - El Camino Real
to 1-5 -
$1.9 million included in TIF as
priority project. Remaining $3 million
to $4 million presently unfunded.
"A"
12. Geobase - Base Mapping System -
Upgrade of computer systems and
creation of a city side data base
sys tem.
13. Calabasa Hills Park -
Current bids for park construction
will require additional appropriation.
14. 1% for the Arts -
No appropriation has been made for
Arts programs in 1986-87.
15. New Library -
To meet current growth management
standards the city must construct
a new library. Funding source is
primarily PFF, however, other alternatives are under consideration.
16. Senior Citizens Center -
Funding of $1.7 million in current
CIP from Redevelopment Tax Incre-
ment bonds. Total project cost will
be approximately $3 million.
17. Cannon Road 1-5 to Faraday Street
improvement-
City contribution to assessment
district.
18. Palomar Airport Road -
El Camino Real to East City Limit -
Widen road to four lanes.
19. Rancho Santa Fe Road -
Improvements - Various improvements
to Rancho Santa Fe Road, Melrose
to Olivenhain Road.
20. Additional Cost for Public Safety
Center Phase I -
Pre election cost and Phase I1
costs included in Phase I construction
of Safety Center.
Cost - $5 million to $6 million.
(TIF, GCC)
Cost - $350,000-
(GCC or General Fund)
cost - up to $210,000
(GCC)
Cost - Approximately $10 million.
(PFF, bonds, developers or combination)
Cost - up to $3 million
(GCC)
Cost - $3 million
Cost $2 million
Cost $2 million
Cost - UP to $300,000
(PFF or GCC)
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TY OF A SB
RESOLUTION NO. 8952
A RESOLUTION OF THE CITY COUNCIL OF THE D, CALIFORNIA, APPOINTING THE HOSP GROVE FINANCING TASK FORCE.
WHEREAS, the City Council has determined that the method of financing
the purchase of Hosp Grove should be determined prior to the March election, and
WHEREAS, the Council has received information from City staff indicating
that many complex financing alternatives exist, and
WHEREAS, the Council wishes to appoint a citizens' task force charged
with the duty to investigate financing alternatives for Hosp Grove purchase,
and
WHEREAS, the City Council has determined that each Council member shall
be allowed to appoint two citizens to the Hosp Grove Financing Task Force.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of
Carlsbad, as follows:
1. That the following citizens of Carlsbad are. hereby appointed to the
Hosp Grove Financing Task Force:
1. Willa Fabian
2. Kip McBane
3. Margaret Brownley
4. Mike O'Gara
5. Marjorie Monroy
6. Elaine Lyttleton
7. Pat White
8. Tom Erwin
2. That the Hosp Grove Financing Task Force is directed to review
alternatives for the purchase of Hosp Grove and shall report to the City
Council the results of this review on February 24, 1987.
xxx
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3. That the City Manager shall assign such City staff as necessary to
provide assistance to this task force.
PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council
of the City of Carlsbad, California, held on the 27th day of January 9
1987, by the following vote, to wit:
AYES: Council Members Lewis, Kulchin, Pettine and Mamaux
NOES: None
ABSENT: None
ATTEST :
ALETHA L. RAUTENKRANZ, City Clerk
(SEAL)
12
HOSP GROVE FINANCING TASK FORCE
Meeting #1
Thursday, January 29, 1987
7 P.M.
Safety Center Conference Room
AGENDA
1. Introductions - staff members
- task force members
2. Appoint chairperson(s) (optional)
3. Overview and Background
-City financial structure overview
-Present assumptions related to purchase and
-Review of proposed purchase agreement
-Review of financing alternatives
-Review of current capital projects
-Review of possible future capital projects
use of Hosp Grove
4. Review of Committee assignment and definition of task force
goa Is
5. Committee discussion
6. Set time and dates for subsequent meetings
Distribution :
Task Force Members
Staff Mem bers
Ray Patchett
Frank Mannen
Jim Elliott