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HomeMy WebLinkAboutMinutes - February 10, 2015 SSLODI CITY COUNCIL SHIRTSLEEVE SESSION CARNEGIE FORUM, 305 WEST PINE STREET TUESDAY, FEBRUARY 10, 2015 A. Roll Call by City Clerk The Shirtsleeve Session of February 10, 2015, was called to order by Mayor Johnson at 7:01 a. m. Present: Council Member Kuehne, Council Member Mounce, Council Member Nakanishi, Mayor Pro Tempore Chandler, and Mayor Johnson Absent: None Also Present: City Manager Schwabauer, and City Clerk Ferraiolo B. Topic(s) B-1 Receive Information Regarding Maintenance Activity, Cost, and Funding for Downtown Lodi (PW) Public Works Director Wally Sandelin provided a PowerPoint presentation regarding maintenance activity, cost, and funding for downtown Lodi. Specific items of discussion included capital investment, Business Improvement Area No. 1, Downtown Lodi Business Partnership (DLBP) responsibilities, City responsibilities, current maintenance effort, planned maintenance, deferred maintenance, other improvements, and funding sources. In response to Council Member Mounce, Deputy City Manager Jordan Ayers stated that the Business Improvement District (BID) loan was paid off as part of the refinancing of the debt service, which also incorporated the financing of the police station. The annual combined debt service is $1.6 million that is spread among the Police Department, Hutchins Street Square, and the general fund. At the request of Council Member Mounce, Mr. Ayers stated he would provide Council with the exact figures. In response to Mayor Johnson, Mr. Sandelin stated that much of the funding for the downtown improvements comes from federal, state, or transit authority funds. City Manager Schwabauer added that the downtown revitalization project was funded by the City with bonds and the parking lot reconstruction was a City -paid project. In response to Council Member Mounce, Mr. Sandelin confirmed that most of the funding received was earmarked specifically for these projects, adding that San Joaquin Council of Governments (SJCOG) has been a strong proponent of City projects. In response to Council Member Mounce, Mr. Sandelin stated there is only one downtown public restroom, which is located at the multimodal station and is maintained by the City. Mr. Sandelin confirmed that the City repaired the electrical outlets downtown and stated that City staff does not hang the tree lights. In response to Council Member Mounce, Mr. Schwabauer stated that he informed the Chamber of Commerce that the outlets were repaired. In response to Mayor Johnson, Mr. Sandelin stated that Council will have a Shirtsleeve Session on February 24 to discuss downtown lighting and that, with the assistance of the City Clerk's Office, notification will be sent to those downtown business owners who presented the petition regarding downtown concerns at the February 4 Council meeting. Mr. Sandelin stated that the project to remove and replace the uneven pavers is $50,000, not $20,000 as listed on the PowerPoint, and Mr. Schwabauer added that this project will come before Council in the near future as that issue needs to be rectified quickly. Mr. Sandelin stated that the worst locations are around the Lodi Arch, due to tree roots. Mr. Sandelin stated that Council will soon hold its goal setting session and urged Council to let staff know which issues are most important, to which Council Member Kuehne shared his top three goals: 1) trunk lighting; 2) tree uplights; and 3) concrete and paver cleaning. Council Member Mounce concurred. Mr. Schwabauer cautioned that sidewalk cleaning is a more complicated and costly process than most think because the dirty water cannot run into the drain and must be collected and disposed of properly. Council Member Mounce expressed support for investing money into the downtown area, especially in light of the upcoming Amgen tour, which will bring in a significant number of visitors and tourist dollars that can be used toward this effort. Council Member Kuehne provided an example of how much effort is required to clean the concrete with little result to show for it, sharing his recent demonstration of cleaning a small portion in front of the Chamber office. He added that concrete sealers are expensive and do not last long on exposed outdoor areas and that it is even more difficult to clean the pavers because of the higher risk of damage from the extraction process. In response to Council Member Nakanishi, Mr. Sandelin estimated that the City would need to purchase 11,000 feet of lighting to wrap the 110 downtown trees, that sidewalk cleaning could cost $15,000 per event, and that the electric utility projects could cost as little as $25,000 or as much as $300,000, depending on what is to be done. Mayor Johnson stated that he supports the Amgen tour but pointed out that many of these downtown issues were a concern well before the tour committed to come through Lodi. He further added that much of the tourism dollars will not go to the City, but rather to the hotels and restaurants, and this event will not provide the City with a significant influx of cash to pay for all of these improvements. Council Member Mounce countered that the City will receive a portion of the sales tax and transient occupancy tax (TOT). Council Member Mounce requested that, when the issue of downtown lighting is brought back to Council, staff include costs to install alley lighting. In response to Council Member Kuehne, Police Chief Helms stated that there is currently funding to staff one officer downtown on bicycle patrol; however, that assignment had to be curtailed due to serious and on-going staffing shortages. In response to Council Member Mounce, Chief Helms stated he was familiar with the federal program that supplements money for housing of new police officers; however, he was unsure if that program was still operational. Chief Helms stated the department is beginning to change how it recruits for new officers, but it is difficult to compete with other agencies when it comes to compensation packages, factoring in the police academy and when to recruit, and the turn- around time to perform background checks on applicants. In further response to Council Member Mounce, Chief Helms confirmed that Lodi does hire back retired officers to assist with the background investigations. In response to Council Member Nakanishi, Mr. Schwabauer stated that employment contracts that offer incentives to work and stay in a community can only bind an employee by requiring that employee to pay back a portion of every year he or she leaves before the time spelled out in the contract; however, a contract cannot make an employee stay. Council Member Kuehne shared his list of top downtown projects, including alley reconstruction, alley lighting, WiFi, and bike racks, adding that cameras and downtown restrooms are expensive projects, portable restrooms can be used during events, he would like more information on the signage program, and that public art has a funding mechanism separate from the general fund. In response to Council Member Nakanishi, Mr. Sandelin stated that Council provided no clear direction last year regarding a downtown restroom. He stated that the restrooms at the transit facility, which are only a block from downtown, are being upgraded, will be more secure, and will be open longer hours. Mr. Schwabauer cautioned that using general fund dollars or funding from other sources, such as federal, state, transit, or Community Development Block Grant, to pay for downtown projects will negatively affect those funds and slow down progress of the projects that were otherwise funded by those dollars. A thriving downtown is crucial for the entire community, and he stated that he believed it is important for the City to invest in its downtown, as well as those who primarily benefit from the improvements. Initially, the DLBP contributed funding in the form of assessments; however, most of the funding went toward compensation for an individual to promote downtown events and activities. Another model to consider is that any such district would pay for City services to maintain the downtown area. Mayor Pro Tempore Chandler requested that Council be provided with a funding summary for upcoming projects and what could be negatively affected, to which Mr. Schwabauer responded that he would include that at the Council goal setting session. Council Member Mounce suggested Council consider using the economic development catastrophic reserve to improve the health of downtown Lodi and to consider another BID that would include both the downtown and Cherokee Lane areas. In response to Council Member Nakanishi, Mr. Schwabauer stated that the City has in the past installed street lights through the Electric Utility Department, but that is not his preferred mechanism for funding street lights. Mayor Johnson suggested that a combination of code enforcement efforts and public benefits funds be used to rectify the lack of alley lighting, stating that code enforcement officers could require those property owners in violation of maintaining the alleyways to install the lighting. Council Member Kuehne expressed interest in reinstituting a BID and increasing the TOT. In addition, he stated he would like to see, at a minimum, one police bicycle officer downtown; increased bike racks; WiFi; alley, tree, and uplighting; and sidewalk cleaning. Mayor Pro Tempore Chandler agreed with those priorities, adding that he would also like to see directional signage installed to guide visitors to downtown from Highways 99 and 5. Phil Pennino expressed support for continuing to maintain downtown Lodi and pointed out the similarities between the first downtown revitalization that took place 21 years ago and the issues facing Council now. He suggested that SJCOG and the San Joaquin County Rail Commission could offer assistance in locating available funding for downtown projects and that the City will need to look toward a BID, a TOT increase, and rebate funds as well. Mr. Pennino stated he would like to see the tree lighting be returned and expressed interest in having WiFi available downtown. He further suggested adjusting the downtown cleaning days from Monday to the end of the week as most visitors enjoy downtown on Thursdays through Sundays. C. Comments by Public on Non-Aaenda Items - None. D. Adjournment - There being no further business, the meeting was adjourned at 8:03 a.m. ATTEST: Jennifer M. Ferraiolo City Clerk AGENDA ITEM M', CITY OF LODI COUNCIL COMMUNICATION TM AGENDA TITLE: Receive Information Regarding Maintenance Activity, Cost, and Funding For Downtown Lodi MEETING DATE: February 10, 2015 (Shirtsleeve Session) PREPARED BY: Public Works Director RECOMMENDED ACTION: Receive information regarding maintenance activity, cost, and funding for downtown Lodi. BACKGROUND INFORMATION: In 1995, the City embarked on an ambitious project to revitalize downtown School Street and portions of Pine and Oak Streets, along with the Cherokee Lane area. The estimated construction cost of the projects was $8.2 million, with $5.5 million funded by City Capital funds and the remaining $2.7 million funded by property assessments. Approximately 55 percent of the funding was allocated to downtown ($4.5 million) and 45 percent allocated to Cherokee Lane ($3.7 million). Later downtown revitalization projects have included Elm Street (Church Street to Sacramento Street), Sacramento Street (Pine Street to Lodi Avenue), parking structure, and the multi -modal station. Since 1995, $18 million in capital projects have been completed in the downtown area. In 1997, the City formed the Downtown Lodi Business Improvement Area, (Downtown Lodi Business Partnership (DLBP)), for the purposes of acquiring, constructing, installing, or maintaining benches, trash receptacles, decorations, fagade improvements, and permanent landscaping. Benefit fees were assessed by the City to businesses in the downtown area (Exhibit A), as described in the formation ordinance (Exhibit B). The ordinance states: "City specifically finds and declares the funds derived from the Area shall not be used to offset or diminish current maintenance, capital improvement programs, including but not limited to, public property and sidewalk cleaning, street cleaning and maintenance, tree maintenance, restroom cleaning and maintenance. The City declares its intent to provide at least the same level and standard of maintenance and repair of public property within the Area providing City funds are available from year to year." The DLBP was disbanded in 2013, and the annual revenue from the fees assessed ceased to exist. Current downtown maintenance efforts are limited to weekly cleaning by crews from United Cerebral Palsy. The value of this contract for downtown cleaning is $52,000 per year. Recently, City electricians repaired the electrical outlets in the tree wells on School Street, at a cost of approximately $4,000. At the Shirtsleeve meeting, the presentation will include a summary of current efforts, deferred capital maintenance needs, a menu of potential maintenance expenditures, and alternative funding sources. The topic of downtown street lighting will be the subject of another Shirtsleeve presentation scheduled for February 24, 2015. FISCAL IMPACT: Not applicable. FUNDING AVAILABLE: Not applicable. altv F. Wally S delin Public Works Director FWS/smh Attachments APPROVED: 1, en S&Nv'almubr, City Manager C:\Users\shosie\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\OUJI2748\Downtown Maintenance (2).doc 2/4/2015 y`OF� OF • , PUBLIC WORK S DEPARTMENT Exhibit A Downtown Lodi Business Improvement Area No. 1 �pR R. Lockeford St. ai c c� CU Library a Locust St. U) U) > v) c co o =E1 °'S pe for POlice o Q �; = Lodi ou Station inem 1 v, T ffi f On Elm t. CU inanc Fire C Station #1 2 City Hall Pine St. Iti-m dal tati Oak St. Cn ai > �: c Q Q cq vi Lodi o co – F2 rn CU -C 0 Post E d a , ffice ICU a C Walnut St. co St. Annes Academy cn L d 2 ,y OF <o a a ° Lodi Ave. 0P PUBLIC WORKS St. � F—n Chest�►ut � I 1 " = 400' K:\CADD\SYSTEM\Assessment Districts.dwg, Downtown Assessment District, 2/3/2015 1:45:22 PM, jpizzo ORDINANCE NO. 1654 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LODI AMENDING TITLE 12 — STREETS, SIDEWALKS AND PUBLIC PLACES ADDING CHAPTER 12.06 TO THE LODI MUNICIPAL CODE ESTABLISHING THE DOWNTOWN LODI BUSINESS IMPROVEMENTAREA. NOW THEREFORE the City Council of the City of Lodi does ordain as follows SECTION 1. Chapter 12.06 is hereby added to the Lodi Municipal Code, to read as follows: CHAPTER 12.06 DOWNTOWN LODI BUSINESS IMPROVEMENTAREA NO. 1. 1.0 Resolution of Intention, Public Hearing and Findings. The Recitals hereof, which set forth facts regarding the adoption of Council Resolutions, the conduct of public hearings and certain findings of the City Council, are true and correct and incorporated herein by reference. 2.0 Definitions. In order to distinguish between Area businesses and for the purpose of calculating and applying the amount of benefit fees owed, the following definitions shall apply: (a) Retail Businesses: "Retail Businesses" include all businesses not covered by other definitions set out in this section, at least fifty percent (50%) of whose gross income is derived from "retail sales" as that term is defined under the California Sales and Use Tax Law. The fact that a substantial part of its business consists of sales other than retail sales does not exclude said business from this classification so long as such other business component does not account for more than fifty percent (50%) of said business' gross income; (b) Restaurants: "Restaurant" businesses include cafes, eating establishments, sandwich shops, dinner houses, restaurants and fast food services and other similar businesses; (c) Lodging: "Lodging" businesses include inns, hotels, motels, RV Parks and other similar businesses; (d) Service: "Service" businesses include general office, news and advertising media, printers, photographers, personal care facilities and outlets, service stations, repairing and servicing businesses, renting and leasing businesses, utilities, vending machine businesses, household finance companies, entertainment businesses, theaters and other similar businesses not otherwise included in types 1, 3, and 4 hereof definitions a, b, c, e, or f of this Section; (e) Professional: "Professional" includes attorneys, architects, accountants, engineers, surveyors, physicians, dentists, optometrists, chiropractors and others in a medical/health service field, consultants, real estate brokers, financial advisors, laboratories (including dental and optical), hearing aid services, artists and designers. (g Financial: Banks, savings & loans, credit unions, etc. (g) Billing Period: "Billing Period" shall refer to the period beginning January 1 to and including December 31 of any year. 3.0 Establishment of Boundaries. A parking and business improvementArea is hereby established pursuant to the Parking and Business ImprovementArea Law of 1989, Streets and Highways Code §36500 et seq. (The Act). The boundaries of the Area and the benefit zones within the Area shall be as set forth on Exhibit "A, attached hereto and incorporated herein by reference. This Area shall be known as the "Downtown Lodi Business ImprovementArea No. 1" (the "Area"). 4.0 Establishment of Area Board of Directors. There shall be a Board of Directors ("Board") of the Area to administer the affairs of the Area. Said Board shall be composed of no less than 10 nor more than 25 member businesses of the Area. The initial Board shall be approved by the City Council from a list of business operators located in the Area that is submitted by the Business ImprovementArea Formation Committee. Within the Board there shall be a President, Vice-president, Secretary and Treasurer elected by the membership, and such other officers as deemed necessary by the Board. Such other officers shall be appointed by the Board of Directors at their discretion. All voting within the Area regarding election of Board Members and any actions regarding the normal and routine conducting of Area Business shall be based on one (1) vote per benefit fee dollar, and said voting business must be current in payment of their Area benefit fee(s) to participate in such votes. 5.0 Establishment of Benefit Fee. All businesses, trades, and professions located within the Area boundaries shown on Exhibit "A" shall, commencing January 1, 1998, pay an annual benefitfee in the following amounts: I•voe 1) Retailers and 6.0 Purpose and Use of Benefit Fees. The types of improvements and activities proposed to be funded by the benefit fee paid by businesses in the Area are as follows: Restaurants $200. (1-3 emp.) $ 100. 300. (4-6 emp.) 150. 2) Service $ 150. $ 75. 3) Professional Businesses $100. $ 50. 4) Financial $500. _ $500. Institutions 6.0 Purpose and Use of Benefit Fees. The types of improvements and activities proposed to be funded by the benefit fee paid by businesses in the Area are as follows: • L' a. Improvements including the acquisition, construction, installation, or maintenance of any tangible property with an estimated useful life of five years or more including, but not limited to, the following improvements: (1) Benches; (2 Trash receptacles; (3) Decorations; (4) Facade improvements; (5) Permanent landscaping b Activities including but not limited to the following: (1) Promotion of public events which benefit businesses in the area and which take place on or in public places within the area; (2) Furnishing of music in any public place in the area; (3) Activities which benefit businesses located and operating in the area, including but not limited to downtown shopping and promotional programs. 7.0 Exclusions From Benefit Fees. No person or business shall be required to pay a fee based on: (a) a residential use of the propertywithin the Area, or (b) a non- profit organization as defined by §501 (C) (3) or 501 (C) (6) of the Internal Revenue Service Code located within the Area. $.0 New Business Fee Waiver. Any new business established within the Area shall not be required to pay a fee for the Billing Period during which said business is initiated. The business will have been considered initiated on the date of issuance of the business license. This waiver shall not apply to an existing business that has changed ownership or location within the Area. City agrees to supply the Area Board with timely information regarding new businesses initiated within the Area. 9.0 Collection of Benefit Fee. The benefit fee authorized by this Ordinance for Lodi businesses (Section 5.0 hereof), shall be billed and collected once each Billing Period on January 1. City will bill and collect the fees, at no charge to the Area and forward all funds collected to the Area within 30 days of said collections. Late payment penalties shall be applied to businesses that do not provide their respective fee payments on the dates provided for herein at a rate of 10% per month. At such time as late payment penalties equate to 50% of the total annual fee, action shall be taken to recover said delinquent fees. Costs of this recovery shall be bome by the business owing the fee and late penalties. The Board and City shall develop collection procedures to implement the provisions of this paragraph. 10.0 Voluntary Contributions to Area. Contributions to the Area and its Board shall be permitted on a voluntary basis. The boundary of the Area shall not be modified as a result of the contribution, nor shall said contributing business be considered a member of the Area for voting or other purposes. However, said business making a voluntary contribution may be entitled to participate in the programs of the Area upon a finding by the Board of Directors that the Area derives a benefit from said business' participation in the program. 11.0 Annual Budget Process. Pursuant to the Act, it shall be necessary for the Board to present, by September 1, an annual budget for City Council review and approval prior to the beginning of any Billing Period. The purpose of this process is to comply with the Act provisions regarding public notice and hearing prior to establishing the benefit fees for the following Billing Period. City shall not adopt, modify or otherwise amend any Billing Period budget of the Area that is inconsistent in any way with said Billing Period's budget as agreed to and presented by the Board except in the case of a written majority protest (regarding elimination or modification of any specific budget item) from business owners which will pay 50% or more of the fees proposed to be levied as to any specific budget item pursuant to Streets and Highways Code §36525 (b). In such case the written protest regarding any specific budget item shall be grounds to eliminate or modify said expenditure from the Area's proposed budget pursuant to the written protest. 12.0 Decisions Regarding Expenditure of Funds. As provided for within the guidelines of The Act, decisions of the Board regarding expenditure of all funds generated under this program shall be final. 13.0 Area Proceeds Do Not Offset City Services. City specifically finds and declares that the funds derived from the Area shall not be used to offset or diminish current maintenance. capital improvement programs, including but not limited to, public property and sidewalk cleaning, street cleaning and maintenance, tree maintenance, restroom cleaning and maintenance. The City declares its intent to provide at least the same level and standard of maintenance and repair of public property within the Area providing City funds are available from year to year. 14.0 Public Parking. The proceeds of the benefit fees established hereunder shall not be used to acquire and/or construct additional public parking, unless such use of the funds is first approved by a majority vote of the Area members voting. 15.0 Disestablishment of the Area. Proceeding to disestablish the Area shall be initiated by the City Council following the presentation of a petition to the City Council signed by business owners paying 50% or more of the fees levied in the Area. Proceedings to disestablish the Area shall follow the procedures set forth in Streets and Highways Code § 36550. The City Council shall disestablish the Area if, following the public hearing prescribed in §36550 (b), written protests are not withdrawn so as to reduce the protests below the 50% level. In the event of disestablishment of the Area, remaining revenues of the Area maintained by the Board shall be refunded to paying business owners in a pro -rata manner calculated in the same manner as was used to establish the most recent fees applied in the Area. Section 2. - No Mandatory Duty of Care. This ordinance is not intended to and shall not be construed or given effect in a manner which imposes upon the City, or any officer or employee thereof, a mandatory 4 • duty of care towards persons or property within the City or outside of the City so as to provide a basis of civil liability for damages, except as otherwise imposed by law. section 3. --Severability. If any provision of this ordinance or the application thereof to any person or circumstances is held invalid, such invalidity shall not affect other provisions or applications of the ordinance which can be given effect without the invalid provision or application. To this end, the provisions of this ordinance are severable. The City Council hereby declares that it would have adopted this ordinance irrespective of the invalidity of any particular portion thereof. Section 4. All ordinances and parts of ordinances in conflict herewith are repealed Insofar as such conflict may exist. Section 5, This ordinance shall be published one time in the "Lodi News Sentinel", a daily newspaper of general circulation printed and published in the City of Lodi and shall be in force and take effect thirty days from and after its passage and approval. Appr ad this 17th day of Dece ber, 1997 JACK SIEGLOCK Mayor - Attest: ` ALICE M. R IMCHE City Clerk State of California County of San Joaquin, ss. I, Alice M. Reimche, City Clerk of the City of Lodi, do hereby certify that Ordinance No. 1654 was introduced at a regular meeting of the City Council of the City of Lodi held December 3, 1997 and was thereafter passed, adopted and ordered to print at a regular meeting of said Council held December 17, 1997 by the following vote: Ayes: Council Members- Land, Mann, Pennino, Warner and Sleglock (Mayor) Noes: Council Members- None Absent: Council Members - None Abstain: Council Members- None further certify that Ordinance No. 1654was approved and signed by the Mayor on the date of its passage and the same has been published pursuant to jaw. ALICE M. REIKIICHE City Clerk A�)�r�ved as to Form: RANDALLA. HAYS City Attorney as ��■�l�A�j�"� will. gilly Ii t:m [mirf MOM fr mm •„w "■O pROpOS2D ]SIA BOUNDARIES . Engineering 10 Downtown Lodi Maintenance Shirtsleeve Meeting February 10, 2015 Lm Capital Investment Year Project Cost 1998 Downtown Revitalization $4,5441241 1999 Sacramento Street (Pine - Oak) $171,156 1999 Multi -Modal Station $3,0411467 2001 Elm Street Parking Lot Project $242,713 2002 Elm Street (Church to Sacramento) $1,6641624 2002 Sacramento Street/Lodi Station Parking Structure $6,724,000 2014 Sacramento Street (Oak to Lodi) $1,3201000 2014 Parking Lot Reconstruction $283,000 Total: $17,991,201 Business Improvement Area No. 1 • Downtown Lodi Business Partnership (DLBP) • Annual Benefit Fee $100 - $500/business • Average Annual Revenue - $50,000 • Average City Donation - $28,000 >; N7 i IM P) Impmvcmcut Area No. 1 a.r�.a.e, o...a.. �� orr� seemie meas w41r� Lbay a paft r � & RM CaurttJorr Chem 12 an nenoe Fk� ft man al— i —2 awmu L] Most Lodi Arch mutuqrnm Station W OnkSL ed al Lod id vva St. Anrm ad Lodi Lod Are. Chedrkt� 1'=4W a.r�.a.e, o...a.. �� orr� seemie meas w41r� DLBP Responsibilities Install and maintain tangible 1. Benches 2. Trash receptacles 3. Decorations 4. Fagade improvements 5. Permanent landscaping CI•TOI� City Responsibilities Current (1998) maintenance and capital programs — subject to funds available 1. Sidewalk cleaning 2. Street cleaning 3. Tree maintenance 4. Restroom cleaning 5. Other public property maintenance Current Maintenance Effort 1. Downtown weekly cleaning by United Cerebral Palsy ($52,000) 2. Electric outlet one-time repairs on School Street ($4,000) I Twice weekly street sweeping Planned Maintenance 1. Remove and replace uneven pavers ($50,000) Deferred Maintenance 1. Replace bollards at south entryway 2. Repair concrete sidewalk offsets 3. Remove and replace displaced curbing 4. Repair/relocate electrical outlet boxes 5. Re-establish trunk -wrapped lighting 6. Replace/remove tree uplights 7. Remove and replace various undesirable or damaged trees 8. Repair settled street and crosswalk pavers 9. Clean concrete and paver sidewalk areas 10. Kiosks Other Improvements 1. Reconstruct adjoining alleys 2. Police bike patrol 3. Install security cameras and monitor 4. Install alley lighting 5. Central downtown restroom(s) 6. Directional signage 7. Wi-Fi 8. Public art 9. Bike racks Funding Sources 1. Transportation Development Act (TDA) Pedestrian and Bike - $40,000 per year 2. Sales tax set aside - $350,000 per year 3. Measure K Local Street Repair - $800,000 per year 4. Business Improvement District 5. Transient Occupancy Tax � s�1111�11i� 1 1 1 1 1 1 1 1 1 1 1111f11��, ,- � 111111111 Dilpa'st-le Jennifer Ferraiolo From: Steve Schwabauer Sent: Friday, February 13, 2015 8:56 PM To: City Council; Jordan Ayers Subject: Fwd: Shirtsleeve Follow-up Attachments: 20150213180145.pdf Please let us know if you need any further information on the general fund debt for downtown, HSS and Cherokee lane. ---------- Forwarded message ---------- From: Jordan Ayers <wayers@lodi.sov> Date: Feb 13, 2015 5:06 PM Subject: Shirtsleeve Follow-up To: Steve Schwabauer <sschwabauer@lodi.gov> Cc: Steve At Tuesday's Shirtsleeve, JoAnne requested details regarding the 2012 General Fund Refinancing. Attached is the debt service schedule for the Lease Revenue Bonds. As noted on the schedule, payments are allocate 45% to the Police Department, 40% to Parks, Recreation and Cultural Service and 5% to Economic Development for downtown and Cherokee Lane projects. Let me know if you need anything else. Jordan Ayers Deputy City Manager/Internal Services Director City of Lodi 221 W. Pine Street Lodi, CA 95240 Phone (209) 333-6700 Fax (209) 333-6807 E -Mail jayers(a)lodi.gov BOND DEBT SERVICE C, LoM oL�� ro .n 6 City of Lodi ee-e \ o e n 2012 Refunding Lease Revenue Bonds 1� FINAL PRICING NUMBERS Dated Date 09105/2012 Delivery Date 09/05/2012 Period Ending Principal Coupon 04/01/2013 483,420.49 06/30/2013 483,420.49 10/01/2013 422,406.26 04/01/2014 422,406.26 06/30/2014 844,812.52 10/01/2014 422,406.26 04/01/2015 422,406.26 06/30/2015 844,812.52 10/01/2015 260,000 3.000% 04/01/2016 418,506.26 06/30/2016 1,100,912.52 10/01/2016 830,000 3.000% 04/01/2017 406,056.26 06/30/2017 1,654,562.52 10/01/2017 860,000 4.000% 04/01/2018 388,856.26 06/30/2018 1,654,912.52 10/01/2018 900,000 5.000% 04/01/2019 366,356.26 06/30/2019 1,655,212.52 10/01/2019 930,000 2.500% 04/01/2020 354,731.26 06/30/2020 1,651,087.52 10/01/2020 965,000 5.000% 04/01/2021 330,606.26 06/30/2021 1,650,337.52 10/01/2021 1,020,000 5.000% 04/01/2022 305,106.26 06/30/2022 1,655,712.52 10/01/2022 1,065,000 5.000% 04/01/2023 278,481.26 06/30/2023 1,648,587.52 10/01/2023 1,120,000 5.000% 04/01/2024 250,481.26 06/30/2024 1,648,962.52 10/01/2024 1,175,000 5.250% 04/01/2025 219,637.51 06/30/2025 1,645,118.77 10/01/2025 1,240,000 5.250% 04/01/2026 187, 087.51 06/30/2026 1,646,725.02 10/01/2026 1,305,000 5.250% 04/01/2027 152,831.26 06/30/2027 1,644,918.77 10/01/2027 1,365,000 4.125% 04/01/2028 124, 678.13 06/30/2028 1,642,509.39 10/01/2028 1,420,000 4.125% 04/01/2029 95,390.63 06/30/2029 1,640,068.76 10/01/2029 1,480,000 4.125% 04/01/2030 64,865.63 06/30/2030 1,640,256.26 Annual Interest Debt Service Debt Service 483,420.49 483,420.49 483,420.49 422,406.26 422,406.26 422,406.26 422,406.26 844,812.52 422,406.26 422,406.26 422,406.26 422,406.26 844,812.52 422,406.26 682,406.26 418,506.26 418,506.26 1,100,912.52 418, 506.26 1,248,506.26 406.056.26 406,056.26 1,654,562.52 406,056.26 1,266,056.26 388,856.26 388,856.26 1,654,912.52 38806.26 1,288,856.26 366,356.26 366,356.26 1,655,212.52 366,356.26 1,296, 356.26 354,731.26 354,731.26 1,651,087.52 354,731.26 1,319,731.26 330,606.26 330,606.26 1,650,337.52 330,606.26 1,350,606.26 305,10626 305,106.26 1,655,712.52 305,106.26 1,370.106.26 278,481.26 278,481.26 1,648,587.52 278,481.26 1,398,481.26 250,481.26 250,481.26 1,648,962.52 250,48126 1,425,481.26 219,637.51 219,637.51 1,645,118.77 219,637.51 1,459,637.51 187, 087.51 187, 087.51 1,646,725.02 187, 087.51 1, 492, 087.51 152,83126 152,831.26 1,644,918.77 152,83126 1,517,831.26 124, 678.13 124, 678.13 1,642,509.39 124,678.13 1,544,678.13 95,390.63 95,390.63 1,640,068.76 95,390.63 1,575,390.63 64,865.63 64,865.63 1,640,256.26 10/01/2030 1,540,000 4.125% 64,865.63 1,604,865.63 q S°%a -L-p I -Po I ; ce17,ePf') '4 0 % I Aug 14, 2012 1:27 pm Prepared by J.P. Morgan Securities LLC / rays v E!O C%4 of A'FD Kee G%a �G�n6Mic�'�eiaQe". t BOND DEBT SERVICE Aug 14, 2012 1:27 pm Prepared by J. P. Morgan Securities LLC Page 7 City of Lodi 2012 Refunding Lease Revenue Bonds FINAL PRICING NUMBERS Period Annual Ending Principal Coupon Interest Debt Service Debt Service 04/01/2031 33,103.13 33,103.13 1,637,968.76 06/30/2031 10/01/2031 1,605,000 4.125% 33,103.13 1,638,103.13 06/30/2032 1,638,103.13 19,080,000 10,549,002.07 29,629,002.07 29,629,002.07 Aug 14, 2012 1:27 pm Prepared by J. P. Morgan Securities LLC Page 7