Loma, Myrtle Drive Undergrounding - Funding

Recommendation:

It is recommended that City Council:

1. Advance $40,000 in Sewer Funds(160) to cover costs for preparation of Engineer's Reports for the Loma and Myrtle Drive Undergrounding Districts.

Background:

The City Council at it's regular meeting on January 14, 1997, approved staff's recommendation to proceed with the process of creation of the Myrtle and Loma Drive Undergrounding Districts. This included approval of a $28,500 contract with Berryman and Hennigar to prepare the proper documents and procedures for obtaining resident's approval of these districts. At that time an appropriation of $40,000 from the Landscape and Lighting District was approved to cover these and other costs relative to this project with the understanding that these moneys would be reimbursed to the City upon formation of the districts.

Analysis:

Due to changes in state law brought about by Proposition 218 it is suggested that the $40,000 now be advanced from the Sewer Fund(160) to cover the costs for preparation of the Underground Utility Districts documents.

Fiscal Impact:

Funds for the preparation of assessment documents for the Loma and Myrtle Drive Undergrounding Districts will be reimbursed to the Sewer Fund upon establishment of the districts. If the districts are not established these funds will not be recovered. The Sewer Fund(160) currently has a fund total of $2,559,050.

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