AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION
DATE: 09/18/2019
TO: Honorable Mayor and City Council Members
FROM: Public Works Department
SUBJECT:
Title
City Council consideration of the creation of a new Capital Improvement Project ("CIP") titled "CFD 10-Year Plan" and appropriations to the new project.
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RECOMMENDED ACTION:
Recommended action
That the City Council:
1. Authorize the creation of a new Capital Improvement Project titled "CFD 10-Year Plan."
2. Authorize appropriations totaling $52,000 from the following sources: $12,000 from CFD 2002-2 LMD Fund 247, $26,000 from CFD 97-1 Landscape Fund 248, $9,000 from CFD/LMD 2002-3 Landscape Fund 251, and $5,000 from CFD/LMD 2011-1 Landscape Fund 253, to the new CFD 10-Year Plan ("Project") CIP.
3. Authorize the budgetary transfer of $78,000 from the "Landscape Retrofit Project," CIP 7046, to the new Project in CFD 2001-1 Landscape Fund 249.
4. Authorize an administrative change order to transfer funding from accounts 24765330-42900 in the amount of $10,977, 24865330-42900 in the amount of $18,893, 24900000-42900 in the amount of $32,035, 25165330-42900 in the amount of $8,712, and 25365330-42900 in the amount of $3,964 to the same fund and amounts for the newly created CIP for Purchase Order P21420.
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ANALYSIS:
The City of Corona ("City") manages several community facilities districts ("CFDs"). These CFDs are responsible for specific maintenance activities in various areas throughout the City. Funding for maintenance comes from special assessments that are levied on the parcels within the boundaries of the CFDs. Each CFD operates independently of one another. This project will pertain to five CFDs in the City, a map of which is attached as Exhibit "A," and the landscaping areas which they are each responsible for.
In order to ensure each individual CFD has both a master capital improvement and financial plan in place, City staff is recommending the creation of a Capital Improvemen...
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