01-22-18 City Council Agenda Packet

Home Browse Search

Polling results indicate a solid willingness of voters to support a funding measure that increases service levels in these areas. Additional information on the types of activities is included in Attachment A. Funding Mechanisms Short-term options for addressing the operations and maintenance need of $2.4 million include: • 5 -year local option property tax levy • Marijuana Tax (partial funding only) While not a long-term solution because of the 5 -year funding limit, a levy can serve as a stop gap measure while a more sustainable solution is identified and implemented, such as a parks and recreation fee or sugary beverage tax. The formation of a private foundation endowment is another mechanism that holds strong interest and can be pursued as a longer range solution. A commitment to work towards securing sustainable funding for Parks and Recreation operations and maintenance can be included in the findings of a resolution that would refer an operating levy to the ballot. Capital Improvement Funding System Development Charge Funding SDC funds can be used to leverage potential bond funds, stretching a moderate-size bond of $31.1 million to a total investment of over $50 million. It should be noted that the estimates for applying SDC funds are based on a draft methodology that accompanies the draft Parks and Recreation System Plan project list. While this methodology is not yet adopted, it is the best information available at this time to estimate the future SDC eligibility of individual projects. Proposed Bond Measure Funding Polling results show that in addition to strong support for additional funding to maintain parks, 63% of likely voters would support a $30 million bond measure to improve parks, trails, natural areas, community centers and pools. Based on the community priorities identified in the October poll as well as the past three years of analysis and community engagement for the Parks and Recreation System Plan, the following types of projects should be considered for inclusion in a capital funding measure: • Park and Trail Renovation Projects • Habitat Restoration Projects • Safety Improvements • Repairing and Improving Restrooms and Irrigation Systems • Matching funds for School Districts Partnership • Community Center and Pool Renovations and Improvements • New Park Development in Underserved Neighborhoods See Attachment B for a detailed list of projects and Attachment C for project cost estimates. The sizing of the operations and maintenance levies takes into account the timing of the operations and maintenance expenditures, inflation for future costs, and discounts and