Item A: Street Repair Review Panel Recommendation for 2012 Bond Measure

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preservation project. These preservation efforts will be undertaken only to preserve existing elements, not to expand the motor vehicle capacity of the street system. Regarding the use of the average annual allocation for bicycle and pedestrian improvements dedicated to off-street bike and pedestrian path preservation and repair projects, the SRRP recommended allowing the use of bond funds to support bicycling and walking projects guided by the Pedestrian and Bicycle Master Plan, City staff, and the Bicycle Pedestrian Advisory Committee. Bond proceeds would pay bond issuance costs as well. Accountability and Transparency: The citizen SRRP recommended the continuation of the accountability and transparency requirements in the resolution. To promote accountability and citizen involvement, the City Manager should contract with an outside auditor to prepare an annual written report on whether the bond proceeds were used in compliance with the limitations of the bond measure, and continue the use of the citizen Street Repair Review Panel to prepare an annual report documenting the City’s use of the bond proceeds and noting whether the bond proceeds were used in compliance with the terms of the resolution. Timing The citizen Street Repair Review Panel recommended that the measure be placed on the November 6, 2012, ballot. Should the council wish to proceed with this election date, a resolution placing the measure on the ballot should be approved no later than July 23 to comply with the election timelines for the November election. The council tentative agenda includes a work session on June 27 to provide final direction for changes to the resolution in order to allow for adequate bond counsel review and approval of any changes and action on July 9 to place the measure on the November ballot. RELATED CITY POLICIES The council’s goals include “Transportation Initiative: Develop mechanisms to adequately fund our transportation system for cars, trucks, bikes and pedestrians including maintenance and preservation and capital reconstruction.” COUNCIL OPTIONS The focus of this council work session is to determine more specifically what to include in the resolution placing a bond measure on the ballot to fix streets. The resolution will become part of the materials included in the Voters’ Pamphlet, and resolution language is the basis for the language contained in the ballot title (caption, question and summary). The council has before it policy decisions related to the size of the measure and restrictions on uses of the revenue:  Measure size: The citizen Street Repair Review Panel recommended a total measure of $43 million, which works out to be approximately $8 million plus inflation annually. The council could choose a different amount for the bond measure. Attachment A includes the estimated effect on taxpayers from different bond amounts.  Project list: The citizen SRRP reviewed and approved a list of streets to be improved by the new bond measure. The proposed project list to be included in the measure is provided as Attachment S:\CMO\2012 Council Agendas\M120523\S120523A.doc