HomeMy WebLinkAboutPOWERPOINT - 65BOptions to Fund Public Improvements
Mater Dei High School
Expansion Project
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Funding Request for Public Improvements:
Traffic Signal at Bristol Street and St. Andrew Place -
$482k
St. Andrew Place Pavement Rehabilitation - $250k
Alley Connector — Occidental St to Berkeley St - $614k
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Potential Funding Sources:
TransferAny Savings from Bristol Street Project - Warner
to St. Andrew - ROW Phase (Traffic Signal)
Re -Scope Bristol Project (Traffic Signal)
Local Gas Tax Proceeds from Sale of Bristol Remnant
Properties (Traffic Signal)
California Senate Bill1 Funding (Traffic Signal and St. Andrew
Pavement)
Measure M Fairshare Funding (Not Eligible)
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Transfer Any Savings from Right of Way
Phase of Bristol Street —Warner to St.
Andrew
Right-of-way phase nearly complete
All programmed funds for ROW
phase have been expended, and
there is currently a shortfall
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Re -Scoping Bristol —Warner to St. Andrew -
Project to Include Signal
Reducing Segment or Eliminating Project
elements not feasible
Project scheduled to begin 2019
Any potential contingency savings would not be
available until 2020.
Project is currently underfunded ($5.1 Million)
Current cost estimate is $32.9 Million
Current available funds $27.8 Million
Staff pursuing grants and property sales to fill
funding gap
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Local Gas Tax Proceeds from Sale of
Remnant Properties
Property Sales Pending Property Disposition Policy
Proceeds to be used on Bristol Street
Fill project funding gaps
Utility undergrounding
However, City could designate $482,000 for traffic signal
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California Senate Bill 1 Funding
Annual Revenue Estimated to be $5.8 million- subject to
repeal
Fiscal Year 2018-2019:
Funds are programmed and list of projects have been
submitted to California Transportation Commission
Fiscal Year 2019-2020 and 2020-2021:
Funds are planned for roadway repair
Delay of roadway rehab would increase cost
Council could defer other projects and recommend $732,000
for:
$4821000 - Traffic Signal
$2501000 - St. Andrew Road Repair
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Measure M2 Fairshare
Improvements Ineligible for Measure M2 Fairshare
Funding
Per OCTA Comprehensive Funding Program Guidelines -An
approved MM2 funded project may become ineligible if M2 funding
has replaced developer commitments
As a condition of receiving MM2 funding, City provides a resolution
stating the City will not use M2 funds to supplant developer
commitments.
City of
1�� 1111 Santa Ana
Potential Funding Summary
Bristol / St. Andrew
Traffic Signal:
Fund Savings Transfer
Re -Scope Project
Property Sale Local GT Proceeds
Senate Bill I
Measure M2 Fairshare
St. Andrew
Pavement
Rehabilitation:
Alley
Connector
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QUESTIONS?