Item 15.2 - Approval of Amendment to the Avenida Florencia Via Del Toro Neighborhood Loan Program G` OF p W,�Y
AGENDA REPORT SUMMARY
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TO: Honorable Mayor and Members of the City C uncil
FROM: James L. Bowersox, City Manager ��
INITIATED BY: Warren H. Shafer, Director of Administrative Services �`f
DATE: July 5, 2005
SUBJECT: Approval of Amendment to the Avenida Florencia-Via Del Toro Neighborhood
Loan Program for Sewer Improvements
ABSTRACT
This action authorizes the appropriation of additional funds for the Avenida Florencia-Via Del Toro
Neighborhood Loan Program due to the addition of participating property owners and final project
scope of work.
ENVIRONMENTAL REVIEW
This item is not subject to CEQA review.
FISCAL IMPACT
This action authorizes the additional appropriation of$122,290 from the unappropriated General Fund
balance (100-8912) to project 1134A for the disbursement of loan funds as needed to the participating
property owners for the cost of the sewer improvements.
ADDITIONAL PUBLIC NOTIFICATION AND CORRESPONDENCE
Coordinator for the Avenida Florencia-Via Del Toro participating property owners.
RECOMMENDATION
It is recommended that the City Council appropriate $122,290 from the unappropriated General Fund
balance, and authorize staff to establish the principal amounts of the note agreements up to and not
exceeding the total project cost.
ACTION
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1 of 3 July 5, 2005 Item # �' a
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AGENDA REPORT Ty�C��"'IN THE•G�J���j
ThiSrepoRisincludetlontheConSentCalentlar. TherewillbenoseparatediscussionofthereportpnortoapprovalbytheCityCouncilunlessmembersoNheCouncil,
staR or public request itto be removetl from t�e Consent Calendar antl discussed separately. If you wish to have ihis report pulle0 for tliscussion,please(ill out a slip
indicating the repoh number and give it to the Ciry Clerk prior to the beginning of t�e City Council meeting.
TO: Honorable Mayor and Members of the City Council
FROM: James L. Bowersox, City Manager��
INITIATED BY: Warren H. Shafer, Director of Administrative Service �
Peter Moote, Deputy Director of Administrative Service '�`'�
DATE: July 5, 2005
SUBJECT: Approval of Amendment to the Avenida Florencia-Via Del Toro Neighborhood
Loan Program for Sewer Improvements
BACKGROUND
On February 8, 2005, the City Council approved a neighborhood loan for residents in the Avenida
Florencia-Via Del Toro area to fund sewer improvements. The improvements are to allow participating
property owners eliminate failing septic systems and connect to the City sewer system. The original
program included ten participating property owners and an estimated project cost of $160,000.
Engineering work has been completed for the improvements, and the project plans have been
accepted and approved by the City.
FINDINGS
Subsequent to City Council approval of the Avenida Florencia-Via Del Toro Neighborhood Loan
Program, two additional property owners have elected to participate, expanding the group to twelve
properties. In addition, improvement plans have been amended to include paving work, based on the
recommendation of the City Engineer. Total new project costs with contingency are estimated at
$282,290, with a loan funding requirement ranging from $217,180 to $282,290 depending on the final
determination of property owners who elect to utilize the loan program.
ENVIRONMENTAL REVIEW
This item is not subject to CEQA review.
FISCAL IMPACT
This action authorizes the additional appropriation of$122,290 from the unappropriated General Fund
balance (100-8912) to project 1134A for the disbursement of loan funds as needed to the participating
property owners for the cost of the sewer improvements. The loans are to be repaid as provided under
the terms of the note agreements with the property owners.
2 of 3 July 5, 2005 Item # lJr•o�-
Approval of Amendment to the Avenida Florencia-Via Del Toro
Neighborhood Loan Program for Sewer Improvements
July 5, 2005
Page 2
ADDITIONAL PUBLIC NOTIFICATION AND CORRESPONDENCE
Coordinator for the Avenida Florencia-Via Del Toro participating property owners.
RECOMMENDATION
It is recommended that the City Council appropriate $122,290 from the Unappropriated General
Fund balance, and authorize staff to establish the principal amounts of the note agreements up
to and not exceeding the total project cost.
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3 of 3 July 5, 2005 Item #_(�a'