Loading...
HomeMy WebLinkAboutAgenda Report - May 1, 1991 (72){w CITY OF LODI ,, do COUNCIL COMMUNICATION AGENDA TITLE: Consideration of Funding Alternatives for Hutchins Street Square Auditorium MEETING DATE: May 1, 1991 PREPARED BY: City Manager RECOWENDED ACTION: That the City Council review the attached sources of funding for the development of the initial design phase of the Hutchins Street Square Auditorium and take action as deemed appropriate. BACKGROUND INFORMATION: At its regular meeting of April 17, 1991, the City Council heard a request from the Old Lodi Union High School Site Foundation, in the person of Mr. Dennis Bennett, Chairman, that the City Council advance the Foundation the sum of $170,000 to fund the preparation of preliminary design drawings for the restoration of the auditorium at Hutchins Street Square. In the Council Communication addressing this request in the agenda packet for that meeting, it was noted that the balance in the General Fund Operating Reserve had dipped below the generally accepted minimum level. As such, it is not prudent to tap this reserve fund for this purpose. Therefore, the only remaining source of revenue are those funds already appropriated for Capital Improvement Program projects. It comes down to a priority ranking. The attached list of projects (Exhibit A) illustrates from which projects funds could be made available to satisfy the Foundation's request. The biggest "hit" is on the Municipal Service Center's Administration Building expansion project. There is a need for this expansion or it would not have been included in the recently -adopted Capital Improvement Program. The operative word here is "priority." If the City Council deems it a higher priority to move ahead with the preparation of the preliminary design for the auditorium at this time, there is funding available. However, it is available only at the expense of other projects. The City Hall addition project appropriation is listed as a possible source of funding, but this is a critical need from both space and handicap accessibility standpoints. It is recommended that this project not be slowed. APPROVED' THOMAS A. PETERSON City Manager 0E El Consideration of Funding Alternatives for Hutchins Street Square Auditorium May 1, 1991 The staff will be prepared to answer questions and provide whatever additional information may be requested. Funding Source: Capital Outlay Reserve Respectfully submitted, Thomas A. Peterson City Manager TAP:br Attachment CCCOM193/TXTA.07A FUNDING SOURCES FOR AUDITORIUM DESIGN HUTCHINS STREET SQUARE April 1991 CCCOM193/TXTA.07A Available Recommended Funds Reallocation MSC Covered Storage: Sewer Capital $ 120,000 Water Capital 60,000 MSC - Administration Building: Sewer Capital 200,000 $ 90,000 Water Capital 100,000 45,000 MSC - Garage Expansion: Sewer Capital 60,000 Electric Capital 78,000 Water Capital 60,000 Capital Outlay 13,816 City Hall Addition 1,881,473 Miscellaneous Sanitary Sewer 10,000 5,000 Oversized Water Mains 10,000 5,000 Miscellaneous Water Mains 9,805 5,000 Miscellaneous Storm Drains 10,000 5,000 Kofu Park Lighting 130,403 Upgrade Stadium Electric 135,700 Hutchigs Street Square Music Building Lighting 3,000 3,000 Miscellaneous Sewer Manholes 13,691 5,761 Sewer Taps 8,138 4,000 SPRR Property Acquisition 2,239 2,239 $170,000 April 1991 CCCOM193/TXTA.07A -W153 CITY OF LODI SPECIAL ALLOCATION REQUEST To:— Finance Director DATE: May 7, 1991 FROM: City Clerk PROJECT NUMBER: 110-1— 3S"43-8 Z —50D CC --:)7C) Request is made for funds to accomplish the following project which was not included in the current budget: Description of Project Estimated Cost Funding for the development of the initial design phase of the Hutchins Street Square Aduitorium $170,000 See attachment for funding sources (If you need more space, use additional sheet and attach to this form) Date of Approval - 5/1/91 Amount Approved - $170,000 Council XXXXX City Manager FUND OR ACCOUNT TO BE CHARGED Current Budget $ Contingent Fund $ Capital Outlay Reserve $ Utility Outlay Reserve $ Hotel/Motel Tax Reserve - General Fund Operating Reserve 'Financeector Prior Year Reserve $ General Fund Surplus $ Reimbursable Account $ Other (Election) $ Account Number Alice M. Reim e,• City Clerk Submit this form in duplicate to the Finance Director. Distribution after approval will be as follows: 1) Originating Department 2) Finance Department I-- }:�E FUNDING SOURCES FOR AUDITORIUM DESIGN HUTCHINS STREET SQUARE Available Recommended Funds Reallocation MSC Covered Storage: Sewer Capital $ 120,000 Water Capital 60,000 MSC - Administration Building: Sewer Capital 200,000 $ 90,000 Water Capital 100,000 45,000 MSC - Garage Expansion: Sewer Capital 60,000 Electric Capital 78,000 Water Capital 60,000 Capital Outlay 13,816 City Hall Addition 1,881,473 Miscellaneous Sanitary Sewer 10,000 5,000 Oversized Water Mains 10,000 5,000 Miscellaneous Water Mains 9,805 5,000 Miscellaneous Storm Drains 10,000 5,000 Kofu Park Lighting 130,403 Upgrade Stadium Electric 135,700 Hutchins Street Square Music Building Lighting 3,000 3,000 Miscellaneous Sewer Manholes 13,691 5,761 Sewer Taps 8,138 4,000 SPRR Property Acquisition 2,239 2,239 $170,000 April 1991 CCCOM193/TXTA.07A