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CC Resolution 2015-026RESOLUTION NO. 2015 - 026 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING THE FISCAL YEAR 2015/2016 THROUGH 2O19/2020 CAPITAL IMPROVEMENT PROGRAM WHEREAS, pursuant to Government Code Section 66002, the City of La Quinta ("City") is required to review and approve a Capital Improvement Program ("CIP"); and WHEREAS, the City is required to conduct a noticed public hearing for consideration and approval of the CIP; and WHEREAS, notice of the public hearing has been given pursuant to Government Code Section 65090, specifically, the required notice was published on May 20, 2015 in The Desert Sun; and WHEREAS, the CIP is a five-year planning instrument used by the City to identify capital improvement needs and to coordinate financing and timing of those needs in a manner that maximizes the return to the public; and WHEREAS, the CIP is a statement of the City's goals, objectives and priorities for a five-year plan and the financial commitments required to accomplish those objectives; and WHEREAS, the Fiscal Year 2015/2016 through 2019/2020 Program proposes approximately $37 million in improvement projects and $100 million of unfunded additional improvement projects over the five-year period, commencing on July 1, 2015 and ending June 30, 2020; and WHEREAS, the amount allocated from the CIP for first -year projects, called the "Capital Budget," proposes $19.8 million in improvements, as shown in Exhibit A, which is attached hereto and made a part of this Resolution; and WHEREAS, there is inadequate funding within the City's General Fund or from other sources to completely and fully fund the improvements identified within the Capital Budget; and WHEREAS, it would be in the best interest of the public to completely fund all improvements identified within the Capital Budget. NOW THEREFORE, BE IT RESOLVED, by the La Quinta City Council, as follows: SECTION 1. The above recitations are true and correct. Resolution No. 2015-026 Capital Improvement Program Adopted: June 2, 2015 Page 2 SECTION 2. The City Council hereby approves the Fiscal Year 2015/2016 through 2019/2020 Capital Improvement Program, approves the Capital Budget, and authorizes the inclusion of the Capital Budget into the Fiscal Year, 2015/2016 operating budget, which appropriates funds for specific facilities, equipment and improvements. PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council held on this 2nd day of June 2015, by the following vote: AYES: Council Members Franklin, Osborne, Pena, Radi, Mayor Evans NOES: None ABSENT: None ABSTAIN: None c LINDA EVANS, Mayor City of La Quinta, California ATTEST: J SUSAN MAYSELS, CI CLERK City of La Quinta, California (City Seal) APPROVED AS TO FORM: WILLIAM IHRKE, City Attorney City of La Quinta, California EXHIBIT A CAPITAL IMPROVEMENT PROGRAM REVENUE SUMMARY General 2002 Bond Quimby DIF Project Description Fund Proceeds Funds Transportation Measure A Other Total 2015/2016 199702 Sidewalks - Various Locations 55,000 55,000 199703 Sidewalks - Various Locations 20,000 20,000 201207 Pavement Manaaement Plan Street Improvements 1,000,000 1,000,000 201501 Eisenhower Drive Pavement Rehabilitation 400,000 400,000 201307 Citywide Traffic Signal Maintenance Improvements 275,000 275,000 201312 La Quinta Restroom 85,000 85,000 201313 Citywide Preventative Maintenance Plan Improvements 50,000 (20) 50,000 200904 Dune Palms Road Improvements (Blackhawk Wy to Channel) 525,000 383,000 1,575,000 (1) 2,483,000 201502 Miles Avenue Median Island Landscape Improvements 668,920 315,818 (16) 984,738 201503 Eisenhower Drive at Montezuma Roundabout 430,000 416,000 (6) 846,000 201504 Madison Street Median Landscape Conversion 1,300,000 1,300,000 201505 Civic Center Campus Parkway Turf Conversion 477,000 477,000 201407 New Traffic Signal (Jefferson Street at Dunbar Drive) 107,500 47,500 275,000 (7)(8) 430,000 201508 Park and Facility Security Systems 153,000 (9) (14) 153,000 201509 North La Quinta Regional Skate and BMX Park 3,400,000, 3,400,000 201510 Jefferson Roundabout Art Piece Pedestal and Landscaping 30000 50,000 , (20) 80,000 201511 Cove Trailhead Improvements 135000 135,000 201512 Calle Tampico at Avenida Bermudas Drainage Improvements 1,800,000 1,800,000 201412 Silverrock Infrastructure Improvements 5,100,000 5,100,000 201506 Fritz Burns Park Parkway Turf Conversion 250,000 250,000 201514 ' Fire Station 70 Turf Conversion 220,000 (10) 220,000 FY 201512016 SUBTOTAL: 5,186,000 5,100,000 3,620,000 1,731,420 1,105,500 3,054,818 19,797,738