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HomeMy WebLinkAbout1996-05-21; City Council; 13668; PROPOSED 1996-97 TO BUILDOUT CAPITAL IMPROVEMENT PROGRAM AND RECOMMENDED FEE CHANGESul W 0 ( -2 CITY OF CARLSBAD -AGENDA BILL 42 PROPOSED 1996-97 TO BUILDOUT 4 - TITLEI AB# /: ($b g a, CITY ATTY CAPITAL IMPROVEMENT PROGRAM MTG. 5/21/96 r, : DEpTHD%! CITY MG% AND RECOMMENDED FEE CHANGES DEPT. FIN g 2 $ -rl 4z a, V .rl rl P 5 a M w 0 u a, rn a, e M u a, i a, 4z U a a, u V a, M .rl a a c (d u M 0 a a, N a, s -u a u a, PI U rd rl .rl V c u 2 g .. z 0 F 0 4 0 2 3 0 0 a - I I RECOMMENDED ACTION: Accept report. Set public hearing for June 18, 1996. ITEM EXPLANATION: CAPITAL IMPROVEMENT PROGRAM 1996-97 Capital Improvement Program The 1996-97 proposed budget for the Capital Improvement Program (CIP) totals $2 million, with estimated revenues of $27.3 million. Appropriations of $29.2 million for going capital projects remaining unspent at the end of FV 1995-96 will be added to the r 1996-97 CIP appropriations. A sum of $57 million will then comprise the total 1996-97 1 budget. Major projects scheduled for next year include: Street and Interchange Proiects - A total of $14.7 million or 53% of the total 1996-97 CII slated for street improvements and Interstate 5 interchange expansions. The larg appropriation for a street project is Carlsbad Boulevard Shore Protection seawall with additional $3.3 million appropriated from anticipated federal and state grants. 1 included is additional funding for Rancho Santa Fe Road, street improvements Olivenhain Road (partially paid for by the City of Encinitas), and the initial construc phase of the Cannon Road West project. The 1996-97 appropriation for the La Costa Avenue interchange construction totals 4 million. In addition, $500,000 is included for the Cannon Road interchange. Funding these interchange projects is from the Community Facilities District No. 1 avail: balance. Water and Sewer Proiects - Over one-third ( or 35%) of the planned CIP expenditures 1996-97 are for water and sewer projects, with appropriations totaling $9.8 million inch in the CIP. The Maerkle Dam Lining project will receive its final scheduled appropriatioi $2.9 million. Sewer funding of $3.7 million reflects Carlsbad's share of funding the En( Wastewater Facility capital improvements and the construction of the Vista Carlsbad Tr Line. Debt service payments for previous potable and reclaimed water projects included. Traffic Signals. Drainage, Parks and Civic Proiects - The remaining 12% of the 1996 - ' CIP is allocated to traffic signals, drainage projects, park improvements, and civic projec Appropriations for park projects total $471,000 and include $300,000 design costs for tl Carlsbad Municipal Golf Course. Drainage projects include the South Carlsbad Villas Storm Drain, funded from the City's TransneVLocal balance. This project is scheduled I Page 2 of Agenda Bill # / j! b b 8 e 0 receive $940,000 to begin construction in 1996 - 97. Three traffic signals are scheduled for construction next year. In addition, appropriations for 1996-97 include $75,000 for several existing park and City facilities, adding funds to the City program to bring facilities into compliance with the Americans with Disabilities Act. Other projects U . ~. . in. this ..category-include the Financial Information System .which .will upgrade software and computer. equipment for citywide information processing, facilities maintenance projects, and public art for the Interstate 5 interchanges. 1996-97 to Buildout Capital Improvement Prorrram The CIP outlines approximately 185 future projects scheduled for construction from 1996-97 through buildout at a total cost of over $406 million. The largest expenditure category is for street and freeway interchange projects including the widening of La Costa Ave., Cannon Road construction, PoinsettidAlga Road construction and category and include development of park projects within all quadrants of Carlsbad. Sewer and water expansion and replacement projects include construction of the Vista ' , ' Carlsbad trunk line, .parallel ocean outfall and reclaimed and potable water pipelines. Civic projects include the south Carlsbad Library, new City Hall, and expansion of the existing Cole Library. Revenues of $388 million are forecast to fund future capital projects, with the remainder obtained from current fund .balances. Sources of future revenues may .be segregated into three major categories: 1) Developer - Fees generated by. development are approximately .48% of. the anticipated future revenues. Fee revenues are projected in the CIP based on future development forecasts. expansion of freeway interchanges. Park projects are the second largest expenditure 2) Community Facilities District (CFD) and Bridge & Thoroughfare Fees - CFD special taxes and .Bridge & Thoroughfare Fees are projected at 30% of total future revenues. Planned development is a major factor in developing CFD taxes. 3) Other - These sources comprise the remaining 22% of revenues and include grants, the County sales tax program (Transnet), San Diego Gas & Electric funding for undergrounding utility lines, sewer and water replacement revenues generated by user fees and various other sources. Detailed information on the proposed 1996-97 to Buildout Capital Improvement Program is included in the attached exhibits. FEES FOR CITY SERVICES One of the City Council's goals is to annually evaluate fees and charges for services in changes to nine fees and the addition of one new fee as shown on Exhibit 4. conjunction with the budget. . Staff has reviewed all fee schedules and is recommending Page 3 of Agenda Bill # k 0 DeveloDment Related Fees Staff recommends decreasing the EIR-Supplemental fee to more closely reflect the City’s actual costs. The Sewer Connection fee is proposed at a $4.00 increase based I -on.the change in the Engineering News Record (ENR) construction cost index. General Citv Fees The Carlsbad Municipal Water District (CMWD) requests the addition of the Continuity of Service fee. This fee would allow CMWD to charge a lower fee than the “New Account -Service Turn On” fee when it is necessary to re-establish water service in a landlordk name during interim periods of rental vacancy. In addition, CMWD staff request a $60.00 increase in the Water Meter Deposit - Construction Meter fee to reflect the increase in costs for replacement of 3-inch water meters. A comparison of the City’s fees for Aquatics Contract Classes and Per Admission fees suggests that Carlsbad’s fees are below the market rate. Staff is recommending a small, incremental increase in fees as opposed to a large increase in the future. ’ Staff is requesting that Council set the public hearing for the adoption of the CIP and fee changes for the meeting of June 18, 1996. At that time, Council may receive input . , . . from interested citizens and groups wishing to comment on the proposed capital budget . and fee changes. EXHIBITS I. Report on the 1996-97 Capital Improvement Program. 2. Projected Fund Balances and Revenue and Expenditure schedules. . . . . .,,-. 3..: Current and Future (.1996-97 to Buildout) Projects. 4. Recommended Changes to City Fee Schedule. P W W EXHIBIT: 1 4 1996-97 PROPOSED CAPITAL IMPROVEMENT PROGRAM INTRODUCTION The City of Carlsbad Capital Improvement Program (CIP) is a planning document which incorporates the current budget for capital projects with future planned revenues and expenditures. The 1996-97 proposed Capital Improvement Program totals $27.8 million, an increase of $4.6 million from the 1995-96 adopted budget of $23.2 million. Projected revenues for the 1996-97 program total $27.3 million, slightly higher than the 1995-96 estimates. Carlsbad's revenues have shown signs of economic recovery since 1994-95, with the most noticeable increase,in revenues related to the building industry. Capital development revenues collected as the result of new residential and commerciaVindustria1 development are 27% higher than the 1995-96 CIP estimates. The 1995-96 budget was prepared with cautious optimism. Projects continue to be built in phases and future projects are evaluated to ensure adequate funding will be available. This report and the accompanying CIP documents and schedules reflect the actions taken to address the issue of funding availability weighed against the demand for facilities and the City's ability to assume operational costs for new facilities. As the City continues to monitor growth in conjunction with revenues, the correlation between the amount of funds that can be spent on projects and the amount of growth has become apparent. Although development revenues are on the rise as compared to a few years ago, growth projections and project scheduling still reflect conservatism. Lower revenues in prior years have impacted project schedules which were established using the growth management standards as guidelines. Pending development projects were evaluated to determine what revenues might be generated for the capital budget. Interwoven into this formula are fiscal constraints which have become important to the scheduling of projects. Where facilities were previously scheduled to meet maximum population expectations, the philosophy has shifted to one where phasing of projects will more closely match incremental growth demands and still meet growth management standards. Further, developers may be required to finance design and construction costs if the availability of facilities fails to meet growth management standards. The growth management plan used by the City needs to be viewed with flexibility, along with financial impacts external to the City, such as the general economy. A discussion of the City's Growth Management Plan can be found at the end of this report. In addition, a glossary of Capital Project funding sources is available at the end of this section, FUTURE CAPITAL IMPROVEMENTS Revenues Revenues for Capital Projects from now until buildout total $388 million and may be segregated into three major categories:. 1) fees generated by development -in .Carlsbad, 2). special district fees and taxes (Community Facilities District special taxes and Bridge & Thoroughfare fees), and 3) other sources including grants, bond issues, depreciation replacement reserves, and letters of credit. Approximately 48% of all capital revenues are received as a result of development, and are dependent upon assumptions made about the City's annual growth in W’ W dwelling units and commercial/industriaI square feet. Development revenues include Put Facilities Fees (PFF), Traffic Impact Fees (TIF), Park-In-Lieu fees (PIL), Planned LO[ Drainage (PLD) fees, Water Major Facility Fees (MFF), and Sewer Connection charge! Community Facilities District and Bridge & Thoroughfare District revenues comprise 30% oft total. The remaining 22% of revenues are related to.federal & state grants, the County sa tax program’ (Transnet), San Diego Gas & Electric funding, sewer and water replacemc revenues generated by user fees, and various other sources. d Funding Sources Capital Improvement Program 1996-97 to Buildout ~~~ Special Other 330L I I Growth Assumptions Several assumptions about the rate and type of growth were made in order to project revenues which result from development. Growth assumptions were made and continue change in correlation with the economic climate. Residential and non-residential developm information was compiled by the Planning and Engineering Departments, and the Final Department overlaid the economic forecast. Residential development for 1995-96 was conservatively projected at 222 building perrr however, recent estimates anticipate over 400 units by the end of the year. This rate of gro is expected to decrease slightly in 1996-97 with 320 units projected. Residential developm projections for the next 5 years varied only slightly from the estimates used in preparing ‘ year’s CIP. Non-residential development projections for the next 5 years nearly doubled when comparec the 1995-96 projections for the same period because of the inclusion of the Carlsbad Ra projects. The projects include the Leg0 Family Park, a community hotel site, a Resort site \ golf course, the Gemological Institute of America, a research and development business pl and a specialty retail center. The Carlsbad Ranch Specific Plan was not approved until Jan1 1996, and therefore omitted from last year’s future development estimates. W The following table shows the number of residential units used in calculating estimated revenues for 1996-97 and subsequent years to buildout. The total number of residential units projected at buildout is 54,000, with approximately 23,000 remaining to be built from this point forward. Non-residential construction estimates are shown in projected square feet. - 1996-97 CIP Growth Assumptions Residential Non-Residential Year Units Square Feet 96-97 320 540,000 97-98 466 580,000 98-99 638 1,057,000 99-2000 701 653,000 2000-01 637 450,000 Years 6-10 3,985 3,606,000 Years 1 1-2030 16,588 12,932,000 Total Future 23,335 19,818,000 I I ~~ ~ Development rates fell dramatically in 1987-88 due to the implementation of the Growth Management Plan. In 1994-95 development increased dramatically, in part due to an affordable housing apartment complex in the southwest quadrant of Carlsbad. The overall trend shows development continuing at an increased rate and projected development increasing to 650 to 700 units per year for the next IO years. The revenue projections of the proposed Capital Improvement Program reflect the growth assumptions identified above. The following information delineates how those assumptions were applied to predict future development revenues. Calculation of Future Fees The mix of multi-family and single-family residential units was assumed to be 40% and 60% respectively and reflects the anticipated mix of residential development shown in current plans for each Local Facilities Management Zone. The building permit valuation used for computing Public Facilities fees was $89,500 per multi-family dwelling unit, and $153;000 per single-family dwelling unit. The mix of commercial and industrial development is assumed to be 40% and 60%, respectively, with office space included in the commercial category. A blended building permit valuation of $38 per square foot of construction was used to calculate non-residential Public Facilities fees. In order to calculate estimated revenues for Traffic Impact fees (TIF), the number of average daily trips was computed for each type of use. A multi-family residential dwelling unit was assigned eight trips per day and a single-family unit was assigned ten trips per day. Each residential trip was valued at the current TIF fee of $84.. The tripsper-day value for commercial and industrial buildings was averaged at 25 trips per 1,000 square feet of development, although the actual volume of trips generated by commerciaVindustrial building can vary widely depending on the ultimate land use. The value assigned to each commercial/industriaI trip was $34, the current TIF fee. 0 0 The implementation of CFD No. 1. in 1991 has reduced the total amount of PFF and TIF revenues projected, as some projects previously funded from these sources are now funded through the CFD. CFD No. 2 is proposed to fund Rancho Santa Fe Road and Olivenhain development to proceed within this proposed district. CFD No. 3 is proposed to fund roads through the Carlsbad Ranch area of Zone 13 and is still in the formation stage. There are two proposed Bridge & Thoroughfare Fee Districts (BTD No. 2 and BTD No. 3) for which associated revenue and expenditure estimates have been incorporated into the proposed CIP schedules. BTD No. 2 (Cannon Road West) is proposed to fund portions of Cannon Road from Interstate 5 to El Camino Real. BTD No. 3 (Poinsettia Lane - Alga Road) is proposed to finance the construction of the following two major arterial roadways: Poinsettia Lane between Alga Road and El Camino Real and Alga 'Road between Palomar Airport Road and Poinsettia Lane. Several reimbursement or prepayment agreements are in place so that developers can construct portions of the roadways in advance of formal adoption of the fee program, and thus, proceed with their development projects. - . .>~ . .. Road, but hasmot yet been formally established. An interim fee -program- is in. place to enable Expenditures The proposed CIP for 1996-97 to buildout outlines .approximately 185 future projects at a total cost of $406 million. The largest expenditure category is for street and interchange projects at $1 17 million or 29% of the total. Included are the construction of arterials and roadways as well as the widening of some existing streets such as La Costa Avenue. The easterly extension of Cannon Road began in 1995-96 and will continue for the next few years. Over $3 million of federal and state grant funds were approved for the construction of additional seawall protection for Carlsbad Boulevard, scheduled for 1996-97. The contract for the La Costa Avenue interchange project has been awarded and construction is scheduled to begin mid 1996. The second largest expenditure category is for park projects totaling $76 million, or 19% of the total planned capital expenditures. Park projects include development of acreage within all quadrants of Carlsbad including Poinsettia Park, Veterans Memorial Park, Larwin Park, Leo Carrillo Park and community centers in the northwest and southwest quadrants. Civic projects represent the third largest level of expenditures at $64 million (16%), and include construction of the South Carlsbad Library and a new City Hall, the expansion of the existing Cole Library, various Americans with Disabilities Act projects, and the new Financial Information System and telecommunications equipment. Sewer projects totaling $60 million (15%) include the repayment of bonds for the expansion of the Encina Wastewater Facility, construction of the Vista-Carlsbad trunk line, and parallel ocean outfall. Water projects total $42 million (10%) and include the final phase of Maerkle Dam lining and cover, reclaimed and potable pipelines, and repayment of loans for water projects. Interfund loans of $6.4 million are planned as well as all future repayments which total $1 1.4 million. Included are the repayment of loans for the Alta Mira (Poinsettia Park) land purchase, Cannon Road construction, and various water projects. m W - The 1996-97 proposed capital expenditure plan includes the addition of a new category, for in an operating fund. Examples of these projects included re-roofing, painting, repair and refurbishment of various city facilities. Facility Maintenance is the smallest expenditure --..-category totaling $2 million; followed by traffic signal projects at .$3-million. Specific timing and cost estimates for all capital projects are identified in the Current and Future (1996-97 to Buildout) Projects schedule following the'narrative. Project construction is reliant upon the availability of capital and operating funds in addition to established growth management standards requirements for facilities. Wherever project scheduling changes were proposed, compliance with the Growth Management Plan and funding availability were evaluated. For the past few years, selected park and street projects have been scheduled in phases to defer costs and balance CIP expenditures with projected revenues. Following is a discussion of some of the major projects to be developed. Facilities Maintenance, which includes major facility maintenance projects previously accounted a - - Funding for the new South Carlsbad Library is currently available utilizing Community Facilities District No. 1 revenues, which include a bond issue in the 1997-98 time period. The construction of the library has been on hold since the recession and is now scheduled for 1997-98, with opening expected in Spring of 2000. The Cole Library is scheduled to close and undergo extensive remodeling upon the completion and opening of the new library. The financial impact of operating both libraries continues to be a topic of discussion, and timing changes may be recommended as the financial outlook becomes more clear. 0 Carlsbad Municipal Golf Course - The City recently completed the final land acquisition for its 250 acre golf course to be constructed in the industrial corridor directly south of the future Veterans Memorial Park. Selection of the development team and the initial design phase is planned for 1996-97. Streets - A significant timing change is proposed for the construction of Cannon Road West from 1-5 to El Camino Real. Most of this project was previously scheduled for construction after the year 2000, but has since been moved up to the year 1998-99. In order to meet the funding challenges presented by this proposed scheduling change, a loan from available Gas Tax and lntermodal Surface Transportation Efficiency Act (ISTEA) - Surface Transportation Program (STP) funds is scheduled. Certain non- essential elements in the first phase from Veteran's Memorial Park, through the second phase to El Camino Real (curb, gutter, sidewalk, landscape) are scheduled for a later date after sufficient revenues have been collected. Seawall - Utilizing anticipated federal and state grants, construction of the seawall along Carlsbad Boulevard will provide additional shore protection along the City's Coastlinel The project will extend the current seawall at the Agua Hedionda Lagoon to protect the roadway from damage caused by excessive storms or high wave action on the Pacific Ocean. Interchanges - The Interstate 5 interchange at La Costa Avenue will begin construction in mid 1996. The La Costa Avenue interchange is the third in a series of interchange expansions to improve circulation at critical connection points to City streets. e a Poinsettia Park - Funds for the first phase of Poinsettia Park were appropriated in the 1992-93 CIP, however declining operating revenues delayed the project until 1995-96. Phase I of Poinsettia Park includes one lighted multi-purpose baseballkoftball field and one lighted soccer field, three lighted tennis courts, a children's play area, a picnic area, a trail system,*parking, and a restroomhackbar. The, remaining phases are scheduled beyond the year 2000. a Interfund Loans - When capital projects are needed in advance of available funds, loans are made from other capital funds which have available reserves. The loan is repaid when the borrowing fund builds up sufficient funds. All future loans and repayments of this type are listed at the end of the proposed project schedule. 1996-97 CAPITAL IMPROVEMENT PROJECTS There are approximately 40 capital projects totaling $27.8 million scheduled for 1996-97. These projects are categorized as shown below. Appropriations of approximately $29.2 million for ongoing capital projects which remain unspent at the end of FY 1995-96 will be added to the new 1006-07 CIP appropriations for a total 1006-07 CIP appropriation of $57 million. Street Proiects Street construction projects are 38% of the total 1996-97 expenditures at $10.4 million. The .~ largest appropriation is $3.3 million for the Carlsbad Boulevard Shore Protection seawall funded with a state and federal grant. The Olivenhain Road Widening project is .scheduled for an additional $1.7 million appropriation and Rancho Santa Fe Road will receive an additional $0.9 million from Community Facilities District No. 2 funds. . The initial construction phase of Cannon Road West is planned at a cost of $1.5 million and the utility undergrounding and street light replacement at Chestnut and Monroe will cost approximately $1 .O million. 1-5 Interchanges Interchange construction includes a $4.3 million appropriation for La Costa Avenue and $500,000 for the Cannon Road interchange. The 1996-97 appropriation for these interchange projects is from CFD No. I. Civic Proiects Civic projects total 3% or $880,000 of the 1996-97 capital appropriation. Other projects in this category- include updating the design plans for the South Carlsbad Library, the Financial Information System, public art for the Interstate 5 interchanges, and ADA modifications at various locations throughout the City. Sewer Proiects Sewer funding of $3.7 million reflects Carlsbad's share of funding the Encina Wastewater Facility capital improvements,. including funds to repay the debt for its recent expansion and funds for the construction of the Vista Carlsbad Trunk Line. Water Proiects The water category, including reclaimed water, is 22% of the total 1996-97 CIP with .. appropriations of$6.1 million. The Maerkle Dam Lining project will receive its final scheduled appropriation of $2.9 million. Another $1.7 million is scheduled for debt service payments on previous potable and reclaimed water projects. 0 * 0 - Parks, Traffic Signals, and Drainage Proiects Other categories in the proposed CIP include park, drainage, and traffic signal projects. New appropriations for park projects are comprised mainly of miscellaneous repair and upgrade projects plus $300,000 for design costs of the Carlsbad Municipal. Golf Course. The traffic signals to receive funding in 1996-97 are located at Cannon Road and El Camino Real, Cannon Road and Paseo Del Norte, and Cannon Road and the 1-5 interchange. The South Carlsbad Village Storm Drain, a $4.7 million drainage project is funded from the City's TransneffLocal balance, and is scheduled to receive $940,000 to begin construction in 1996-97, with the remainder programmed in the following year. Unfunded Proiects These projects are listed at the end of the Current and Future (1996-97 to Buildout) Projects schedule. Four traffic signals were added to this year's unfunded list, and will be evaluated one at a time to determine funding priority. Each of these traffic signal projects is included in the City's 1996 Traffic Signal Qualification List. SUMMARY While some projects continue to be phased due to lack of available capital and operating funds, significant progress continues to be made on the traffic circulation projects. The Interstate 5 and Poinsettia Lane interchange project is complete and the La Costa interchange project is about to begin. The South Carlsbad Boulevard bridge at Batiquitos Lagoon was completed in May 1995, and construction of the northbound Carlsbad Boulevard bridge began in August 1995 and was completed in May 1996. 'Restoration to-the wetlands at Batiquitos Lagoon began in 1994-95, the culmination of several years of design, planning and obtaining state and federal agency approvals. The three year wetland restoration project will dredge the lagoon and restore fish and wildlife habitat. A channel and offshore jetties will be constructed to restore full tidal flushing and nesting areas for various species of birds will be built. The $30 million project is funded by the Port of Los Angeles as mitigation for its recent expansion and is almost complete. For the past few years, there have been some significant project scheduling changes as the effects of the slow economy were felt on Carlsbad's revenue stream. Lack of funds has caused the City to rethink how it can accomplish building its capital projects. Generally, the philosophy has been to build quality capital facilities which meet, and at times exceed, growth management standards whenever economically beneficial. Practices such as phasing projects over a period of years to match funding availability as well as maximizing the use of available balances have been implemented in order to continue to provide quality capital facilities which meet the needs of Carlsbad's citizens. The 1996-97 to Buildout Capital Improvement Program reflects this goal. The Gity has iclentified $Q,3 million in prvjetts for whiGh there is Gurrgntiy n~ ~~urce of fU.ncling. 0 0 - . . GROWTH MANAGEMENT PLAN The Growth Management Plan was developed and voted into law by the citizens of Carlsbad in 1986. The plan was established in an effort to regulate development within the City by linking residential, commercial, and industrial development directly to standards for availability of public services and facilities. Standards for facilities are applied to the City as a whole, within each of the City's four quadrants, and in the City's twenty-five community or growth management zones. The Growth Management Plan adopted by the City Council has established precise standards for eleven public facilities. Standards must be met at all times as growth occurs. Facilities for which standards have been established are as follows: ? - City Administrative - Wastewater Treatment - Circulation - Fire - Water Distribution - Schools - Library - Parks - Drainage - Open Space - Sewer Collection The Plan requires that appropriate public facilities be available, in conformance with the adopted performance standards, as -development occurs. Unless each of the eleven public , facility standards have been met, no new development can occur. Where facilities were previously scheduled to meet maximum population expectations, projects are now phased to more closely match incremental growth demands. The Growth Management Plan impacts both the operating budget and the Capital Improvement Program. As the Growth Management Plan was being developed, very little construction occurred which resulted in reductions in both operating and capital development related revenues. Revenues were expected to recover, and new standards met as increased levels of development began to occur. The Growth Management Plan directly affects the operating and capital budgets by requiring the construction and operation of facilities to meet the standards. Facilities such as community centers, parks, and fire stations have been constructed under this program. The Capital Improvement Program has been designed to specifically address areas where facilities do not comply with the adopted performance standards. With the adoption of the 1996-97 CIP, compliance with the Growth Management Plan is assured. 8 m a w CALIFORNIA ASSEMBLY BILL 1600 (AB 1600) ~ ~~ In 1987 the California Legislature passed Assembly Bill 1600 (AB 1600) which set forth the process a city or county must follow to establish developer fees to finance public facilities. This legislation applies to fees established, increased, or imposed on or after January 1, 1989, the effective date of the law. AB 1600 contains four general requirements: ~~.. > A "nexus" or connection must be established between a development project or class of project and the public improvement being financed with the fee. All AB 1600 fees adopted by the City have met the nexus test. For example, Traffic Impact, Bridge and Thoroughfare District and Drainage Sewer Benefit Area fees were all established under AB 1600. > The fee must be segregated from the General Fund. Carlsbad segregates all capital funds not only from the General Fund but also each classification of fee as well. > Fees collected by a city or county must be spent or committed to a project within a five year period. Funds are viewed to be committed if they are programmed to be spent on a specific project(s). If the money is not spent, findings must be made describing the continuing need for that money each fiscal year after the five years has expired, The City of Carlsbad commits the revenues from these fees through its Capital Improvement Program budget. This budget, which is adopted by the City Council, sets forth the City's. Capital expenditure program from the current year to projected build out of the City. The expenditure plan is updated annually as part of the City's budget process. > Refunds must be made only if the City cannot make the required findings. At this time no refunds are due because the City's Capital Improvement Program commits all AB 1600 fees to projects to be con structed both in the current year and in the future. % 0 0 EXHIBIT 2 .' CITY OF CARLSBAD CAPITAL FUNDS PROJECTED FUND BALANCES FOR FY 1995-96 JULY 1,1995 ESTIMATED ESTIMATED ' JUNE 30,1996 UNRESERVED ESTIMATED CAPITAL DEBT SERVICE PROJECTED FUND BALANCE REVENUES EXPENDITURES & OTHER BALANCE GENERAL CAPITAL CONST. 2,863,268 2,177,564 1,230,181 0 3,810,65 PUBLIC ART 336,562 12,304 11 3,076 0 235,791 GOLF COURSE 1,172,682 21,533 368,269 0 825,94( PUBLIC FACILITIES FEE 11,350,573 2,408,172 4,027,704 0 9,731,04 ZONE 5,13,16 PARK FEE 1,940,278 321,203 0 0 2,261,48 PIL AREA 1 NW 1,830,541 173,197 0 0 2,003,73; PIL AREA 2 NE 537,800 215,282 0 0 753,08. PIL AREA 3 SW 240,567 24,285 0 0 264,85 PIL AREA 4 SE 791,061 69,352 0 0 860,41 LETTERS OF CREDIT 0 0 0 0 , TRAFFIC IMPACT FEE 1,352,063 71 1,041 (93,858) 0 2.1 56.96 TRANSNEnLOCAL 449,557 12,217 21,437 0 440,33 TRANSNET/HIGHWAY 176,820 493,896 21,946 0 648,77# TRANSNET/BIKE 1,843 1,223 3,066 0 TRANSNET/S,TP 281,300 859,804 0 0 1,141,10 TDA 152,294 378,444 44,114 0 486,62' STATE GRANTS 581,657 400,702 373,632 0 608,72 COUNTY GRANTS 1,076,352 224,089 372 0 1,300,06 ASSESSMENT DISTRICTS 1,619,713 890,908 950,874 0 1,559,74 CFD #I 10,706,620 6,365,259 2,106,524 162,237 14,803,11 CFD #2 3,043,835 1,559,692 690,740 19,353 3,893,43' CANNON ROAD WEST BTD#2 101,163 492,727 0 35,000 558,89 POINSETTIA BTD #3 0 1,233,548 0 0 1,233,54 FEDERAL GRANTS 318 1,203,094 634,586 0 568,82 SDG 8 E 0 0 0 .o PLANNED LOCAL DRAING 3,457,374 430,395 14,733 0 3,873,03 SEWER CONNECTION 11,786,999 2,182,520 102,801 0 13,866,71 SEWER REPLACEMENT 5,620,972 1,324,753 10,849 0 6,934,87 WATER - RECLAIMED WATER 823,797 209,656 336,979 170,000 526,47 WATER - MAJOR FACILITY 4,469,876 2,229.1 31 1,050,269 1,281,000 4,367,73 WATER - REPLACEMENT 7,480,936 1,978,913 551,057 244,016 8,664~7 REDEVELOPMENT BONDS 2,112,562 97,251 3,800 0 2,206,Ol OTHER 937,454 1,305,000 801,877 0 1,440,57 TOTAL 77,296,837 30,007,155 13,365,028 1,911,606 92,027,35 i 0 0 CITY OF CARLSBAD CAPITAL FUNDS PROJECTED FUND BALANCES FOR FY 1996-97 JULY 1,1996 1995 - 96 1996 - 97 JUNE I PROJECTED ESTIMATED CONTINUING NEW TOTAL CIP PROJI FUND BALANCE REVENUES APPROPR. APPROPR. APPROPR. BAL GENERAL CAPITAL CONST. 3,810,651 947,600 3,747,208 1,008,600 4,755,808 PUBLIC ART 235,790 1,050 11 8,644 . 5,000 123,644 GOLF COURSE 825,946 0 268,106 300,000 568,106 PUBLIC FACILITIES FEE 9,731,041 1 ,I 15,442 1,581,139 470,000 2,051,139 8,' ZONE 5,13,16 PARK FEE 2,261,481 212,000 0 0 0 2,2 PILAREA 1 NW 2,003,738 91,260 0 0 0 2,' PIL AREA 2 NE 753,082 0 0 0 0 PIL AREA 3 SW 264,852 68,250 0 0 0 PIL AREA 4 SE 860,413 109,200 0 .o 0 LETTERS OF CREDIT 0 0 0 0 0 TRAFFIC IMPACT FEE 2,156,962 449,553 1,587,333 69,000 1,656,333 TRANSNETILOCAL 440,337 2,106,320 207,849 2,306,320 2,514,169 TRANSNET/HlGHWAY 648,770 739,000 526,715 739,000 1,265,715 TRANSNET/BIKE 0 0 0 0 0 TRANSNETKTP 1,141,104 0 0 0 0 1, TDA 486,624 0 428,619 0 428,619 STATE GRANTS 608,727 1,335,000 256,020 1,335,000 1,591,020 COUNTY GRANTS 1,300,069 201,014 49,628 0 49,628 1, ASSESSMENT DISTRICTS 1,559,747 0 1,199,760 0 1,199,760 CFD #I 14,803,118 5,248,958 3,457,529 5,730,000 9,187,529 10, CFD #2 3,893,434 664,500 2,024,071 91 2,000 2,936,071 1, CANNON ROAD WEST BTW2 558,890 144,345 0 0 POINSETTIA BTD #3 1,233,548 1,800,000 0 0 0 3, FEDERAL GRANTS 568,826 2,000,000 325,789 2,000,000 2,325,789 SDG & E 0 850,000 0 850,000 850,000 PLANNED LOCAL DRAING 3,873,036 260,642 1,205,226 0 1,205,226 2, SEWER CONNECTION 13,866,718 2,368,888 917,894 3,467,500 4,385,394 11 SEWER REPLACEMENT 6,934,876 1,200,000 1,584,091 21 5,000 1,799,091 6 WATER - RECLAIMED WATER 526,474 255,000 98,021 680,000 778,021 WATER - MAJOR FACILITY 4,367,738 1,811,518 1,579,893 4,574,226 6,154,119 WATER - REPLACEMENT 8,664,776 1,825,000 6,018,691 1,433,972 7,452,663 3 REDEVELOPMENT BONDS 2,206,013 0 1,164,378 0 1,164,378 1 OTHER 1,440,577 1,477,000 826,166 1,707,000 2,533,166 TOTAL 92,027,358 27,281,540 29,172,770 27,802,618 56,975,388 62 0 0. . CITY OF CARLSBAD CAPITAL FUNDS REVENUE ESTIMATES FOR 1996-97 FUND GENERAL CAPITAL CONST. PUBLIC ART GOLF COURSE PUBLIC FACILITIES FEE ZONE 5,13 & 16 PARK FEE PILAREA 1 NW PIL AREA 2 NE PIL AREA 3 SW PIL AREA 4 SE LETTERS OF CREDIT TRAFFIC IMPACT FEE TRANSNEnLOCAL TRANSNET/HlGHWAY TRANSNET/BIKE TRANSNETKTP TDA STATE GRANTS COUNTY GRANTS ASSESSMENT DISTRICTS . CFDel CFD #2 CANNON ROAD WEST BTDB POINSETTIA BTD#3 FEDERAL GRANTS SDG&E PLANNED LOCAL DRAING SEWER CONNECTION SEWER REPLACEMENT ' WATER - RECLAIMED WATER WATER - MAJOR FACILITY WATER - REPLACEMENT REDEVELOPMENT BONDS 1993-94 ACTUAL REVENUES 970,364 16,922 105,934 1,524,573 94,639 94,594 28,462 10,781 39,132 0 326,558 147,848 15,427 373,964 255,862 512,989 916,396 212,305 76,417 3,016,253 2,427,995 0 0 0 0 372,044 976,197 4,067,123 942,840 876,179 2,304,313 119,137 1994-95 ACTUAL REVENUES 1,OI 0,273 17,457 109,308 2,266,914 1,940,278 102,202 31,349 36,066 48,832 0 481,029 22,535 9,667 1,351 43,438 5,604 642,181 232,371 160,693 6,433,487 573,940 101,163 0 1,180,179 0 655,752 1,331,031 81 1,481 40,606 1,341,224 1,231,779 501,656 1995-96 (1) ESTIMATED REVENUE 2,177,564 12,304 21,533 2,408,172 321,203 173,197 215,282 24,285 69,352 0 71 1,041 12,217 493,896 1,223 859,804 378,444 400,702 224,089 890,908 6,365,259 1,559,692 492,727 1,233,548 1,203,094 0 430,395 2,182,520 1,324,753 209,656 2,229,131 1,978,913 97,251 1 996-97 (1 ) ESTIMATED REVENUE 947,600 1,050 0 212,000 91,260 0 68,250 109,200 0 449,553 2,106,320 739,000 0 0 0 1,335,000 201,014 0 1 ,I 1 5,442 5,248,958 664,500 144,345 1,800,000 2,000,000 850,000 260,642 2,368,888 1,200,000 255,000 1,811,518 1,825,000 0 OTHER 1,245,651 436,484 1,305,000 1,477,000 ITOTAL CAPITAL FUNDS 22,070,899 21,800,330 30,007,155 27,281,540 I ~ - . ~~ " .~ . .. " . " " (1) INCLUDES INTERFUND LOANS OR TRANSFERS. 0 0 - CITY OF CARLSBAD CAPITAL FUNDS DETAIL REVENUE ESTIMATES FOR FY 1996 - 97 FUND OR DEVELOPER LOAN OR DEPRECIATION TOT, FUND FEES TAXES OTHER BOND ISSU TRANSFER REVEh GENERAL CAPITAL CONST, 45,000 902,600 94 PUBLIC ART GOLF COURSE PUBLIC FACILITIES FEE ZONE 5,13,16 PARK FEE PIL AREA 1 NW PIL AREA 2 NE PIL AREA 3 SW PIL AREA 4 SE LETTERS OF CREDIT TRAFFIC IMPACT FEE TRANSNETlLOCAL TRANSNET/HIGHWAY TRANSNET/BIKE TRANSNETlSTP TDA STATE GRANTS COUNTY GRANTS ASSESSMENT DISTRICTS CFD #I CFD #2 CANNON ROAD WEST BTD#2 POINSETTIA BTD #3 FEDERAL GRANTS SDG & E PLANNED LOCAL DRAIN'G SEWER CONNECTION SEWER REPLACEMENT WATER - RECLAIMED WATER WATER - MAJOR FACILITY WATER - REPLACEMENT TAX INCREMENT BOND 1,115,442 212,000 91,260 68,250 109,200 449,553 2,106,320 739,000 136,502 4,278,456 234,000 664,500 144,345 1,800,000 850,000 260,642 768,888 1,600,000 1,211,518 725,000 1,050 1,11 21 E E IC 44 2,IC 72 1,32 2c 5,24 6E ,I4 1,8C 2,oc 85 2E 2,3E 1,200,000 1,21 255,000 2t 600,000 1,81 1 ,I 00,000 1,8; OTHER 7,000 1,470,000 A ,4i TOTAL 7,032,100 7,855,776 4,199,000 600,000 3,458,650 27,2f 0 0 d CITY OF CARLSBAD CAPITAL FUNDS BUDGET EXPENDITURE SCHEDULE 1993-1994 TO 1996-1997 1993-94 3 1994-95 1995-96 (1) CONTINUING FUND ACTUAL ACTUAL ESTIMATED APPROPR. APPROPR. GENERAL CAPJJAL CONSJ, 753,895 2,975,369 1,239,181 3,747,208 I,QQ8)6QQ PUBLIC ART 19,980 0 11 3,076 GOLF COURSE 794,356 402,518 368,269 PUBLIC FACILITIES FEE 798,606 509,117 4,027,704 ZONE 5,13 & 16 PARK FEE 0 0 0 PILAREA 1 NW 0 0 0 PIL AREA 2 NE 0 0 0 PIL AREA 3 SW 0 0 0 PIL AREA 4 SE 0 0 0 LETTERS OF CREDIT 0 0 0 TRAFFIC IMPACT FEE 959,097 1,184,874 (93,858 TRANSNEnLOCAL 51,044 94,066 21,437 TRANSNET/HIGHWAY 1,109,800 108,296 21,946 TRANSNETBIKE 340,271 3,336 3,066 TRANSNETETP 18,000 0 0 TDA 389,483 107,849 44,114 STATE GRANTS 910,039 77,135 373,632 COUNTY GRANTS 399,773 0 372 ASSESSMENT DISTRICTS 49,279 170,662 950,874 CFD #I 1,487,413 4,207,512 2,106,524 CFD #2 85,969 176,252 690,740 CANNON ROAD WEST BTW2 0 0 0 POINSETTIA BTD#3 0 0 0 FEDERAL GRANTS 0 1,179,861 634,586 SDG&E 0 0 0 PLANNED LOCAL DRAING 0 457,678 14,733 SEWER CONNECTION 36,006 2,527,891 102,801 SEWER REPLACEMENT 0 360,178 10,849 WATER - RECLAIMED WATER 1,470,983 1,142,457 336,976 WATER - MAJOR FACILITY 1,033,925 2,761,251 1,050,265 WATER - REPLACEMENT 1,544,870 845,176 551,055 REDEVELOPMENT BONDS 2,186,396 1,342,328 3,80C OTHER 1,164,344 908,619 801,877 ITOTAL CAPITAL FUNDS 15,603,529 20,642,425 13,365,02€ ) I I I I I I I ) - I - I I 8,644 5,000 268,106 300,000 1,581,139 470,000 2, 0 0 0 0 0 0 0 0 0 0 0 0 1,587,333 69,000 1, 207,849 2,306,320 2, 526,715 739,000 1, 0 0 0 0 428,619 0 256,020 1,335,000 1, 49,628 0 1,199,760 0 1, 3,457,529 5,730,000 9, 2,024,071 912,000 2, 0 0 0 0 325,789 2,000,000 2, 0 850,000 1,205,226 0 1, 917,894 3,467,500 4, 1,584,091 215,000 1, 98,021 680,000 1,579,893 4,574,226 6 6,018,691 1,433,972 7 1,164,378 0 1 826,166 1,707,000 2 29,172,770 27,802,618 56 e -6 z E x W 56 Ba A 3 m 4 I ms $f >60 N 8 0- 0 g@ 88 0- 9 8 * 0 mr 00 ow 9- r Y l-co .r w- a- 8 8 8 0088 0 2 0 2 00 0 0000 0 oomo 0 * m 9 0- 0- 0- 9 0- b"U7l-W 0 m m m 0 7- m N ~ >? 0 0 0- 8 r 0 0 m I- 0- O 0 0 0 0 r r 0- 0- 75; 000 000 9 9 9 zoo r *m r 0 000 0 000 2 l- 2 2 2- "0 r I- I 4% >r g ?I r 0 00 0 00 In om IC rr 0- 9 0- 00 00 00 0- 9 uw rr 88 -2 0" 9 00 m 8 9 m. m I- r 00 00 0 00 0 82 mN rr x N $ m 0 0 0 0 000 000 0 0 mol- m N m 9 9 0- 0- 0- r W I-w= 000 000 0- 0- 9 000 moLI1 w r- m 38 - 2: 2; gE y!? 0 g g. ez 25 Eg !e 0K isi !$E t 7- y: (? y- a. h@ m El-* N 5 0 Q) 3 4% :: Uk g= CIJ J 82 888888 8~888888888888888~88~~~~ 2s a0 0- 0- L". 9 0- 0- 8~-88"""""""8888 04 $' r;;EiGS$:8 OQ)~000~~N0~00mmI-l-t0wLI1m~o 00coN*00 doedo do 8 8; r Z 3 oooooi= nojjoojjzzo z~~~klkk-kkkg: r r rl- 0 00 00 0 om 0 00 0 00 0 0 0 0 9 0- 0- 0- g- 8 N mN z mo z- 8 r N m 0 N r wo &I- om $ m 00 Q) 00 ow ow l- :go m m m m mt- UJ- " 0- 0- t m (4 E9 7 * co Q) eo NO ON IC we 2- *. 0. co IC N mP s3 N md ow dm 9 dco NF r N 20 m 0 N r N m N m cow0 d I-00 m 00 W l- Q) N Z8 x 4 '9 7 N c9 Q)- '9 m t- %- m N co 0 0- r 0- ma 9 d -t- w- r w 'T. 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UJ KZ 2 yJG 2 SS +9$-I x>. sw a ;< gZg$ 252 2 $ $ "p5g Q) r $"PUJga.4d$ zo'~99?;a>>,oaaaw4y W-I-I" gm ~~~~aKUJ,mmOUJog~~~UJUJUJUJgn FOo~~qq;~~~~.=~2222q~ nnnsaaaa>o P p~~4%~~gssQs~sss3ss~ss~ pwao5U I I I I 8 I. I I I I I I I I Q) h i 55~n gtK~W~""zso~sgeg~q~g@ kg2 g g~~03w5ccw - -IaGBo > > >.> &W>ox nno~4~~Y~w~~-I-I-I~~~~~~w ~~ccio~tc~~woooo~n n z~UJ~a~ ~~~~~~~~~~~~~~~~~~~~~~ ZOOOOOQOOOOOOOO= ~~~wI~uJuJ++++~~+~~++++++ zla-Io E~BBBBBBSBSBBBBB& -I ~a-I~~w~~uuuuuuuu~uuuuua LL(3K:LL"'y W * L a' a v CITY OF CARLSBAD CAPITAL IMPROVEMENT PROGRAM ANALYSIS OF AVAILABLE BALANCES 1996 TO BUILDOUT YEAR I 1996 - 97 I BEGINNING FUND BAL 7/1/96 REVENUE EXPENDITURES ENDING GENERAL CAPITAL CONST. 63,443 947,600 1,008,600 2,443 PUBLIC ART 117,146 1,050 5,000 113,196 GOLF COURSE 557,840 0 300,000 257,840 PUBLIC FACILITIES FEE 8,149,902 1 ,I 15,442 470,000 8,795,344 ZONE 5,13,16 PARK FEE PIL AREA 1 NW PIL AREA 2 NE PIL AREA 3 SW PIL AREA 4 SE LETTERS OF CREDIT TRAFFIC IMPACT FEE TRANSNET/LOCAL TRANSNET/HIGHWAY TRANSNET/BlKE TRANSNETKTP TDA STATE GRANTS COUNTY GRANTS ' ASSESSMENT DISTRICTS CFD #I CFD #2 2,261,481 2,003,738 753,082 264,852 860,413 0 569,629 232,488 122,055 0 1,141,104 58,005 352,707 1,250,441 359,987 11,345,589 1,869,363 212,000 I 91,260 0 68,250 109,200 0 449,553 2,106,320 739,000 0 0 0 1,335,000 201,014 0 5,248,958 664,500 0 0 0 0 0 0 69,000 2,306,320 739,000 0 0 0 1,335,000 0 0 5,730,000 912,000 2,473,484 2,094,998 753,082 333,102 969,613 0 950,182 32,488 122,055 0 1,141,104 58,005 352,707 1,451,455 359,987 10,864,547 1,621,863 CANNON ROAD WEST BTD#2 558,890 144,345 0 703,235 POINSETTIA BTD #3 1,233,548 1,800,000 0 3,033,548 FEDERAL GRANTS 243,037 2,000,000 2,000,000 243,037 SDG & E 0 850,000 850,000 0 PLANNED LOCAL DRAIN'G 2,667,810 260,642 0 2,928,452 SEWER CONNECTION 12,948,824 2,368,888 3,467,500 11,850,212 SEWER REPLACEMENT 5,350,785 1,200,000 215,000 6,335,785 WATER - RECLAIMED WATER 428,453 255,000 680,000 3,453 WATER - MAJOR FACILITY 2,787,845 1,811,518 4,574,226 25,137 WATER - REPLACEMENT 2,646,085 1,825,000 1,433,972 3,037,113 REDEVELOPMENT BONDS 1,041,635 0 0 1,041,635 OTHER 614,411 1,477,000 1,707,000 384,411 TOTAL 62,854,588 27,281,540 27,802,618 62,333,510 r a 0 - CITY OF CARLSBAD CAPITAL IMPROVEMENT PROGRAM ANALYSIS OF AVAILABLE BALANCES 1996 TO BUILDOUT YEAR 2 1997 - 98 1 BEGINNING FUND BAL 7/1/96 REVENUE EXPENDITURES ENDING GENERAL CAPITAL CONST. 2,443 705,000 705,000 2,443 PUBLIC ART GOLF COURSE PUBLIC FACILITIES FEE ZONE 5,13,16 PARK FEE PIL AREA 1 NW PIL AREA 2 NE PIL AREA 3 SW PIL AREA 4 SE LETTERS OF CREDIT TRAFFIC IMPACT FEE TRANSNEnLOCAL TRANSNET/HIGHWAY TRANSNET/BlKE TRANSNET/STP TDA STATE GRANTS COUNTY GRANTS ASSESSMENT DISTRICTS CFD #I CFD #2 CANNON ROAD WEST BTD#2 POINSETTIA BTD #3 FEDERAL GRANTS SDG&E PLANNED LOCAL DRAIN'G SEWER CONNECTION SEWER REPLACEMENT WATER - RECLAIMED WATER WATER - MAJOR FACILITY WATER - REPLACEMENT REDEVELOPMENT BONDS 113,196 257,840 8,795,344 2,473,481 2,094,998 753,082 333,102 969,613 0 950,182 32,488 122,055 0 1,141,104 58,005 352,707 1,451,455 359,987 1 0,864,547 1,621,863 703,235 3,033,548 243,037 0 2,928,452 11,850,212 6,335,785 3,453 25,137 3,037,113 1,041,635 0 0 1,481,633 172,000 97,344 0 180,180 109,200 375,000 1,539,231 4,960,000 680,000 '0 0 0 0 1,111,065 0 6,549,283 623,500 50,000 200,000 0 0 296,333 1,857,925 1,200,000 1,160,000 2,494,771 1,825,000 0 0 0 4,982,000 0 0 0 281,000 0 375,000 2,029,000 4,960,000 680,000 0 0 0 0 2,480,000 0 17,410,000 0 421,000 500,000 0 0 0 3,201,800 818,000 260,000 2,458,985 2,468,997 0 113,196 257,840 5,294,977 2,645,481 2,192,342 753,082 232,282 1,078,813 0 460,413 32,488 122,055 0 1,141,104 58,005 352,707 82,520 359,987 3,830 2,245,363 332,235 2,733,548 243,037 0 3,224,785 10,506,337 6,717,785 903,453 60,923 2,393,116 1,041,635 OTHER 384,411 70,000 70,000 384,41 1 TOTAL 62,333,510 27,737,465 44,100,782 45,970,193 a L d CITY OF CARLSBAD CAPITAL IMPROVEMENT PROGRAM ANALYSIS OF AVAILABLE BALANCES 1996 TO BUILDOUT YEAR 3 1998 - 99 3 BEGINNING FUND GENERAL CAPITAL CONST. PUBLIC ART GOLF COURSE PUBLIC FACILITIES FEE ZONE 5,13,16 PARK FEE PIL AREA 1 NW PIL AREA 2 NE PIL AREA 3 SW PIL AREA 4 SE LETTERS OF CREDIT TRAFFIC IMPACT FEE TRANSNET/LOCAL TRANSNET/HIGHWAY TRANSNET/BIKE TRANSNETETP TDA STATE GRANTS 1 COUNTY GRANTS ASSESSMENT DISTRICTS CFD #I CFD #2 CANNON ROAD WEST BTD#2 POINSETTIA BTD #3 FEDERAL GRANTS SDG&E PLANNED LOCAL DRAIN'G SEWER CONNECTION SEWER REPLACEMENT WATER - RECLAIMED WATER WATER - MAJOR FACILITY WATER - REPLACEMENT REDEVELOPMENT BONDS BAL 7/1/97 2,443 113,196 257,840 5,294,977 2,645,481 2,192,342 753,082 232,282 1,078,813 0 460,413 32,488 122,055 0 1,141,104 58,005 352,707. 82,520 359,987 3,830 2,245,363 332,235 2,733,548 243,037 0 3,224,785 10,506,337 6,717,785 903,453 60,923 2,393,116 1,041,635 REVENUE 625,000 0 0 2,210,260 312,000 68,445 68,250 200,655 109,200 0 886,834 300,000 1,431,000 0 0 0 0 221,618 0 5,283,627 747,594 2,050,000 200,000 0 0 306,764 2,326,338 1,200,000 160,000 2,399,251 1,825,000 0 EXPENDITURES 625,000 0 0 255,000 0 0 0 0 0 0 249,000 300,000 1,431,000 0 1,000,000 0 0 200,000 0 3,090,000 0 2,264,000 500,000 0 0 0 2,966,400 540,000 1,035,000 1,464,478 1,734,020 0 ENDING 2,443 113,196 257,840 7,250,237 2,957,481 2,260,787 821,332 432,937 1,188,013 0 1,098,247 32,488 122,055 0 141,104 58,005 352,707 104,138 359,987 2,197,457 2,992,957 I 18,235 2,433,548 243,037 0 3,531,549 9,866,275 7,377,785 28,453 995,696 2,484,096 1,041,635 OTHER 384,411 1,000,000 1,000,000 384,411 TOTAL 45,970,193 23,931,836 18,653,898 51,248,131 - e 0 d CITY OF CARLSBAD CAPITAL IMPROVEMENT PROGRAM ANALYSIS OF AVAILABLE BALANCES 1996 TO BUILDOUT YEAR 4 1999 - 2000 i BEGINNING FUND BAL 711198 REVENUE EXPENDITURES ENDINC GENERAL CAPITAL CONST. 2,443 660,000 660,000 2,443 PUBLIC ART 113,196 0 0 113,196 GOLF COURSE 257,840 0 0 257,840 PUBLIC FACILITIES FEE 7,250,237 2,477,009 4,950,000 4,777,246 ZONE 5,13,16 PARK FEE 2,957,481 152,000 0 3,109,481 PIL AREA 1 NW 2,260,787 68,445 0 2,329,232 PIL AREA 2 NE 821,332 68,250 0 889,582 PIL AREA 3 SW 432,937 234,780 0 667,717 PIL AREA 4 SE 1,188,013 150,150 0 1,338,163 LETTERS OF CREDIT 0 0 0 0 TRAFFIC IMPACT FEE 1,098,247- 700,996 869,000 930,243 TRANSNEnLOCAL 32,488 300,000 300,000 . 32,488 TRANSNET/HIGHWAY 122,055 0 0 122,055 TRANSNET/BIKE 0 0 0 0 TRANSNETETP 141,104 0 0 141,104 TDA 58,005 0 0 58,005 STATE GRANTS COUNTY GRANTS ASSESSMENT DISTRICTS CFD #I CFD #2 CANNON ROAD WEST BTW2 POINSETTIA BTD #3 FEDERAL GRANTS SDG&E PLANNED LOCAL DRAIN'G SEWER CONNECTION SEWER REPLACEMENT WATER - RECLAIMED WATER WATER - MAJOR FACILITY WATER - REPLACEMENT REDEVELOPMENT BONDS 352,707 104,138 359,987 2,197,457 2,992,957 11 8,235 2,433,548 243,037 0 3,531,549 9,866,275 7,377,785 28,453 995,696 2,484,096 1,041,635 0 232,699 0 6,020,341 1,221,550 50,000 200,000 0 0 280,346 1,374,642 1,200,000 160,000 2,218,728 1,825,000 0 0 200,000 0 110,000 0 0 750,000 0 0 0 1,176,200 530,000 160,000 2,418,808 2,385,964 0 352,707 136,837 359,987 8,107,798 4,214,507 168,235 1,883,548 243,037 0 3,811,895 10,064,717 8,047,785 28,453 795,616 1,923,132 1,041,635 OTHER 384,411 0 0 384,411 TOTAL 51,248,131 19,594,936 14,509,972 56,333,095 e m* d CITY OF CARLSBAD CAPITAL IMPROVEMENT PROGRAM ANALYSIS OF AVAILABLE BALANCES 1996 TO BUILDOUT YEAR 5 2000 - 2001 1 BEGINNING FUND BAL 7/1/99 REVENUE EXPENDITURES ENDINC GENERAL CAPITAL CONST. 2,443 620,000 620,000 2,443 PUBLIC ART 113,196 0 0 113,196 GOLF COURSE 257,840 0 0 257,840 PUBLIC FACILITIES FEE 4,777,246 I ,788,219 100,000 6,465,465 ZONE 5,13,16 PARK FEE 3,109,481 152,000 700,000 2,561,481 PIL AREA 1 NW 2,329,232 68,445 0 . 2,397,677 PIL AREA 2 NE 889,582 68,250 0 957,832 PIL AREA 3 SW 667,717 241,605 0 909,322 PIL AREA 4 SE 1,338,163 150,150 0 1,488,313 LETTERS OF CREDIT 0 0 0 0 TRAFFIC IMPACT FEE 930,243 556,870 144,000 1,343,113 TRANSNETILOCAL 32,488 400,000 400,000 32,488 TRANSNETIHIGHWAY 122,055 0 0 122,055 TRANSNETIBIKE 0 0 0 0 TRANSNETISTP 141,104 0 0 141,104 TDA 58,005 0 0 58,005 STATE GRANTS 352,707 0 0 352,707 COUNTY GRANTS 136,837 244,334 200,000 181,171 ASSESSMENT DISTRICTS 359,987 0 0 359,987 CFD #I 8,107,798 5,165,020 1 10,000 13,162,818 CFD #2 4,214,507 1,119,050 0 5,333,557 CANNON ROAD WEST BTD#2 168,235 145,400 0 31 3,635 POINSETTIA BTD #3 1,883,548 200,000 1,750,000 333,548 FEDERAL GRANTS 243,037 0 0 243,037 SDG&E 0 700,000 700,000 0 PLANNED LOCAL DRAIN'G 3,811,895 234,839 0 4,046,734 SEWER CONNECTION 10,064,717 1,124,010 1,809,200 9,379,527 SEWER REPLACEMENT 8,047,785 1,200,000 540,000 8,707,785 WATER - RECLAIMED WATER 28,453 160,000 160,000 28,453 WATER - MAJOR FACILITY 795,616 1,898,399 1,414,596 1,279,419 WATER - REPLACEMENT 1,923,132 1,825,000 839,852 2,908,280 REDEVELOPMENT BONDS 1,041,635 0 0 1,041,635 OTHER 384,411 0 0 384,411 TOTAL 56,333,095 18,061,591 9,487,648 64,907,038 0 0 - '.r CITY OF CARLSBAD GAPITAL IMPROVEMENT PROGRAM ANALYSIS OF AVAILABLE BALANCES 1996 TO BUILDOUT YEAR 6-10 2001 - 2006 I BEGINNING FUND BAL 7/1/2000 REVENUE EXPENDITURES ENDING GENERAL CAPITAL CONST. 2,443 2,350,000 2,350,000 2,443 PUBLIC ART GOLF COURSE PUBLIC FACILITIES FEE ZONE 5,13,16 PARK FEE PIL AREA I NW PIL AREA 2 NE PIL AREA 3 SW PIL AREA 4 SE LETTERS OF CREDIT TRAFFIC IMPACT FEE TRANSNET/LOCAL TRANSNET/HIGHWAY TRANSNET/BIKE TRANSNETETP TDA STATE GRANTS COUNTY GRANTS ASSESSMENT DISTRICTS CFD #I CFD #2 CANNON ROAD WEST BTD#2 POINSETTIA BTD #3 FEDERAL GRANTS SDG&E PLANNED LOCAL DRAIN'G SEWER CONNECTION SEWER REPLACEMENT WATER -.RECLAIMED WATER WATER - MAJOR FACILITY WATER - REPLACEMENT REDEVELOPMENT BONDS 113,196 257,840 6,465,465 2,561,481 2,397,677 957,832 909,322 1,488,313 0 1,343,113 32,488 122,055 0 141,104 58,005 352,707 181,171 359,987 13,162,818 5,333,557 31 3,635 333,548 243,037 0 4,046,734 9,379,527 8,707,785 28,453 1,279,419 2,908,280 1,041,635 0 0 11,734,124 890,143 468,468 922,740 1,347,255 926,835 250,000 3,862,820 2,000,000 0 0 0 0 0 218,982 0 30,946,802 8,979,220 727,000 2,200,000 0 900,000 2,225,556 7,609,581 6,000,000 800,000 12,526,042 5,225,000 .. U 0 0 11,805,000 3,000,000 2,380,000 0 1,550,000 0 250,000 3,670,000 2,000,000 0 0 0 0 0 300,000 0 40,550,000 12,332,000 0 2,500,000 0 900,000 0 11,354,656 2,650,000 800,000 9,850,252 732,810 0 113,196 257,840 6,394,589 451,624 486,145 1,880,572 706,577 2,415,148 0 1,535,933 32,488 122,055 0 141,104 58,005 352,707 100,153 359,987 3,559,620 1,980,777 1,040,635 33,548 243,037 0 6,272,290 5,634,452 12,057,785 28,453 3,955,209 7,400,470 1,041,635 OTHER 384,411 0 0 384,411 TOTAL 64,907,038 103,110,568 108,974,718 59,042,888 0 a - d CITY OF CARLSBAD CAPITAL IMPROVEMENT PROGRAM ANALYSIS OF AVAILABLE BALANCES 1996 TO BUILDOUT 2006 to Buildout 3 BEGINNING FUND BAL 7/1/2005 REVENUE EXPENDITURES ENDING GENERAL CAPITAL CONST. 2,443 2,000,000 1,560,000 442,443 PUBLIC ART GOLF COURSE PUBLIC FACILITIES FEE ZONE 5,13,16 PARK FEE PIL AREA 1 NW PIL AREA 2 NE PIL AREA 3 SW PIL AREA 4 SE LETTERS OF CREDIT TRAFFIC IMPACT FEE TRANSNET/LOCAL TRANSNET/HlGHWAY TRANSNET/BlKE TRANSNETETP TDA STATE GRANTS COUNTY GRANTS ASSESSMENT DISTRICTS CFD #I CFD #2 CANNON ROAD WEST BTD#2 POINSETTIA BTD #3 FEDERAL GRANTS SDG&E PLANNED LOCAL DRAIN'G SEWER CONNECTION SEWER REPLACEMENT WATER - RECLAIMED WATER WATER - MAJOR FACILITY WATER - REPLACEMENT REDEVELOPMENT BONDS OTHER 113,196 257,840 6,394,589 451,624 486,145 1,880,572 706,577 2,415,148 0 1,535,933 32,488 122,055 0 141,104 58,005 352,707 100,153 359,987 3,559,620 1,980,777 1,040,635 33,548 243,037 0 6,272,290 5,634,452 12,057,785 28,453 3,955,209 7,400,470 1,041,635 384.41 1 0 0 30,305,774 2,914,599 4,316,598 4,770,675 3,424,785 1,916,460 3,687,500 15,897,123 3,300,000 0 0 1,000,000 0 0 0 0 13,856,619 13,278,139 2,035,600 7,600,000 0 0 14,336,368 17,501,189 1,800,000 3,846,000 5,432,329 13,800,000 0 1 .ooo.ooo 0 0 35,871,265 3,330,000 4,725,000 6,650,000 4,130,000 4,300,000 3,687,500 9,145,000 3,300,000 0 0 0 0 0 0 0 17,040,000 14,339,000 3,000,000 7,600,000 0 0 19,725,000 22,746,944 8,823,000 1,246,000 9,233,750 2,038,000 0 0 113,196 257,840 829,098 36,223 77,743 1,247 1,362 31,608 0 8,288,056 32,488 122,055 0 1,141,104 58,005 352,707 100,153 359,987 376,239 919,916 76,235 33,548 243,037 0 883,658 388,697 5,034,785 2,628,453 153,788 19,162,470 1,041,635 1,384.41 1 TOTAL .. 59,042,888 168,019,758 182,490,459 44,572,187 .. - 0 0 4 4 CITY OF CARLSBAD CAPITAL IMPROVEMENT PROGRAM ANALYSIS OF AVAILABLE BALANCES 1996 TO BUILDOUT GRAND TOTALS ALL YEARS 1 BEGINNING TOTAL TOTAL FUND BALANCE REVENUE EXPENDITURES ENDING GENERAL CAPITAL CONST. 63,443 7,907,600 7,528,600 442,443 PUBLIC ART 117,146 1,050 5,000 113,196 GOLF COURSE 557,840 0 300,000 257,840 PUBLIC FACILITIES FEE 8,149,902 51 ,I 12,461 58,433,265 829,098 ZONE 5,13,16 PARK FEE 2,261,481 4,804,742 7,030,000 36,223 PIL AREA 1 NW 2,003,738 5,179,005 7,105,000 77,743 PIL AREA 2 NE 753,082 5,898,165 6,650,000 1,247 PIL AREA 3 SW 264,852 5,697,510 5,961,000 1 ,362 PIL AREA 4 SE 860,413 3,471,195 4,300,000 31,608 LETTERS OF CREDIT 0 4,312,500 4,312,500 0 TRAFFIC IMPACT FEE 569,629 23,893,427 16,175,000 8,288,056 TFWNSNET/LOCAL 232,488 13,366,320 13,566,320 32,488 TRANSNET/HIGHWAY TRANSNET/BIKE TRANSNETETP TDA STATE GRANTS COUNTY GRANTS ASSESSMENT DISTRICTS CFD #I CFD #2 CANNON ROAD WEST BTDR POINSETTIA BTD #3 FEDERAL GRANTS SDG&E PLANNED LOCAL DRAIN'G SEWER CONNECTION SEWER REPLACEMENT WATER - RECLAIMED WATER WATER - MAJOR FACILITY WATER - REPLACEMENT REDEVELOPMENT BONDS 122,055 0 1,141,104 58,005 352,707 1,250,441 359,987 11,345,589 1,869,363 558,890 1,233,548 243,037 0 2,667,810 12,948,824 5,350,785 428,453 2,787,845 2,646,085 1,041,635 2,850,000 0 1,000,000 0 1,335,000 2,229,712 0 73,070,650 26,633,553 5,202,345 12,400,000 2,000,000 2,450,000 17,940,848 34,162,573 13,800,000 6,541,000 28,781,038 28,150,000 0 2,850,000 0 1,000,000 0 1,335,000 3,380,000 0 84,040,000 27,583,000 5,685,000 13,600,000 2,000,000 2,450,000 19,725,000 46,722,700 14,116,000 4,341,000 31,415,095 I 1,633,615 0 122,055 0 1,141,104 58,005 352,707 100,153 359,987 376,239 91 9,916 76,235 33,548 243,037 0 883,658 388,697 5,034,785 2,628,453 153,788 19,162,470 1,041,635 OTHER 614,411 3,547,000 2,777,000 1,384,411 TOTAL 62,854,588 387,737,694 406,020,095 44,572,187 -, 1) II) I 4 Recommended Changes to City Fee Schedule Development Related Fees: EIR - Supplemental Sewer Connection Current Proposed Change 10,235.00 5,500.00 (4,735.00) 1,806.00 1,810.00 4.00 General City Fees: Water Service - Continuity of Service Water Meter Deposit - Construction Meter Aquatics - Contract Classes - Aqua X/ Daily Fee Non-Res. Aquatics - Contract Classes - Aqua X/ Daily Fee Res. Aquatics - Contract Classes - Master Swim Wkout - Non-Res Aquatics - Contract Classes - Master Swim Wkout - Res Aquatics - Per Admission - Adult - Non-Resident Aquatics - Per Admission - Adult :Resident New 500.00 4.00 3.00. 40.00 30.00 2.75 1.75 10.00 10.00 560.00 60.00 4.25 0.25 3.25 0.25 42.50 2.50 32.50 2.50 3.00 0.25 i 2.00 0.25 Exhibii 0 1 Chang -46.26? 0.22? 100.00' 12.00' 6.25' 8.33' 6.25' 8.33' 9.09' 14.29' c e @ & Background The South Carlsbad Library is scheduled for construction in the proposed Capital Improvement Program for 1997-98. Funding for building the library is currently available utilizing Community Facilities District (CFD) No. 1 revenues. Construction of the library has been postponed due to projections of insufficient operating funds since 1992. The library will take approximately two years to construct and considering current scheduling would open to the public in fiscal year 1999-2000. Issues There are issues regarding construction and operation of the South Carlsbad library which impact the City's operating and capital budgets. Operating Costs - With the scheduled opening of the larger library, operating costs to the General Fund would increase. In the first year after opening the new library, the Cole library would close for its scheduled remodel. Current employees would move to the new library; however, several positions would need to be filled. To contain costs, four positions are unfunded in the Library budget; filling those positions would add roughly $150,000 to the General Fund operating budget. In addition, there would be increased costs to maintain and operate the new library due to its larger size. For the first year of operations these would be offset by the decrease in costs of not operating the Cole library while it was undergoing the remodeling. It is estimated that the net increase over the current budget would be approximately $300,000 for the first year of operations. This would result in a total increase to the general fund budget of approximately $450,000. Additional costs may be incurred if Council wished to continue to provide library service in the northern part of the City during the Cole Library remodel. Estimated Increase in ODerating Costs for the South Carlsbad Library First Year Onqoina Costs Personnel 150,000 500,000 Maintenance and Operation 300,000 350,000 Total 450,000 850,000 In 2001, after the Cole library is reopened, additional staffing would be required at an estimated cost of $350,000 bringing the increase over the total current personnel budget to $500,000. Operating costs would increase by another $50,000. Thus, the cost to staff and operate the South Carlsbad library and remodeled Cole library is expected to increase the general fund budget by approximately $850,000 or 2.1 % per year in the future. e Q L Y - d Capital Expenditures - The cost to construct the new library is $1 1.2 million and will require the CFD's first issuance of bonds. The 1996-97 CIP anticipates a bond issue of $1.5 million with the remaining $9.7 million available from current balances and projected revenues. However; If development does not keep pace with projections or if costs increase, the bond issue amount may need to increase. It is anticipated at this time that the bonds may be issued without having to significantly increase the tax rate in the CFD. Estimates show that the CFD will support the bond issue, even though the district has a current delinquency rate of 13%. Recovery of CFD tax delinquencies is calculated into projected CFD tax rates. After five years, the County will move to collect delinquent property taxes through a tax sale and the City would recover its proportionate share from the proceeds. CFD tax. delinquencies would be disclosed when the bonds are issued. It is likely the City would covenant with bondholders to foreclose on any new CFD delinquencies. Sufficient bonds to construct the new library could be issued since the taxes paid by most of the district property owners are current. Summary and Staff Recommendation Although the Library is scheduled in the CIP to begin construction in 1997-98, there are still significant events which could occur and would warrant, once again, postponing the starting date. The ability to finance the additional operating costs of the new library is still uncertain. We have not seen any significant growth in total revenues for many years in the General fund. This has challenged the City each year to find methods to balance the needs of the current programs with the available revenue stream. Adding the operating costs of a new library to this equation will increase that challenge. In addition, the funding is dependent on being able to issue debt from the CFD. The projections anticipate that the funds will be available as long as development continues at its current pace. Thus, events which may alter the ability of the City to construct the Library on the current schedule include: 0 A decrease in the pace of new development within the City which results in less revenues to 0 An increase in the delinquency rate within the CFD or a change in IRS regulations which the CFD would limit the ability to issue debt - A decrease in any major source of revenue to the General fund (State take-aways, etc.) No or minimal overall growth in revenues in the General fund. Alternatives - 1. Move the planned library improvements back one year, which will defer the opening of the South Carlsbad library to fiscal year 2000-2001. 2. Maintain the planned construction of the new library beginning in fiscal year 1997-98 and the subsequent remodel of the Cole library in 1999-2000 as shown in the proposed CIP. However, instruct staff to review these issues once more with Council before any commitment is made to move forward with the construction. Council should be aware that, should the City proceed with the construction of the new library, it may be necessary to operate the libraries at a reduced level until General fund revenues are sufficient to absorb @ Q 1 ii .v .4 the additional costs. Staff recommendation is Alternative 2 - maintain the construction of the South Carlsbad library as set forth in the proposed CIP with the caveat that these issues be reviewed again by Council prior to authorizing the construction bids. F: FINANCE \WORD\97BUD\ISSUE STMT LIBRARY