Item 28 - Appropriation of Funds for City Redevelopment ProjectsAGENDA REPORT �� OF o�
CITY OF -POWAY
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report prior to approval by the CityCouncil unless members of the Council, staff or public `cC
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and give it to the City Clerk prior to the beginning of the City Council meeting.
TO: Honorable Chairman and Directors of the Poway
Redevelopment Agency
FROM: James L. Bowersox, Executive Dire
c
INITIATED BY: Alan D. Archibald, Director of Public Serv' 11!!!P&
Jeffrey G Parker Administrative Analyst
DATE; June 24, 1986
SUBJECT: Appropriation of Funds for City.Redevelopment
Projects
BACKGROUND
The 1985-86 Redevelopment Agency's Capital Improvement Program
was approved on June 25, 198.5.- This program, with a budget of
$2,819035, included such projects as the Poway Road Medians and
Poway. Road, Garden Road,. and Metate Lane sidewalks.
Several of these projects have been completed and have exceeded
their current appropriation levels. As a result, the projects
show a negative ending balance. The second concern is to provide
appropriate funding for engineering costs, where Community Develop
menu Block Grant funds were unavailable or could not be used.
FINDINGS
The following redevelopment projects need additional fund ap-
propriation to balance their ending statement:
Poway Road Medians . . . $28,300
Poway Road Sidewalks 8,880
The third and fourth projects, Phases I and II of the Pomerado
Road Soundwall project, need an appropriation for-design engineering.
This appropriation is needed to meet costs not covered by the Com-
munity Development Block Grant funds
7A:CTION:
.SUN 24 1986 ITEM 28
Yl
Appropriation of Funds
Page 2
June 24, 1986
The appropriations needed are:
Phase I . . $24,200
Phase II. . . . . . . . . 44,000
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RECOMMENDATION
It is recommended that the Poway Redevelopment Agency approve
the following appropriations:
1. $28,300 from the Redevelopment Agency's Administrative Fund
to account 39-5202, Poway Road Medians.
2. $8,880 from the Redevelopment Agency's Administrative Fund
to account 39-5203, Poway Road Sidewalks.
3. $24 20O.from the Redevelopment Agency's Administrative Fund
to account 39-5205, Pomerado. Road'Soundwall, PHASE I.-
4. $44,000 from the Redevelopment Agency's Administrative Fund
to account 39-5215, Pomerado Road Soundwall, PHASE II.
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2 Of 2 _ JUN 2 a 1986 ITEM 28