DEPARTMENT: Transportation & Capital Improvements
DEPARTMENT HEAD: Mike Frisbie, P.E.
COUNCIL DISTRICTS IMPACTED: Citywide
SUBJECT:
Approval of Projects for City’s $850 Million Proposed 2017 - 2022 Bond Program
SUMMARY:
An Ordinance authorizing approval of a final list of $830 million in capital improvement projects for the City’s proposed $850 million 2017 - 2022 General Obligation Bond Program. On December 15, 2016, City Council approved a Resolution making the necessary prerequisite declaration of approving 13 areas to be included in a City Council approved Urban Renewal Plan associated with the proposed 2017 Bond Program Neighborhood Improvements proposition. The proposed $20 million in Neighborhood Improvements is one component of the proposed $850 million Bond Program.
The Community Bond Committee recommendations were developed within a two-month long public input process that included 30 meetings consisting of 25 public Community Bond Meetings and five Community Bond Tours. During this public input process, more than 1,400 residents were in attendance at the meetings and 350 resident comments were received by the Committees during the “Citizens to be Heard” portion of the meetings.
The final list of recommended projects totaling $830 million was developed, in large part, with community input received through the Community Bond Committees appointed by the City Council to serve in an advisory capacity in the development of the City’s Proposed 2017 - 2022 General Obligation Bond Program. During the January 11, 2017 City Council “B” Session, Streets, Bridges & Sidewalks, Drainage & Flood Control, Parks & Recreation and Facilities Community Committees presented their project recommendations totaling $830 million to the City Council for their consideration.
|
Committee |
Recommendation |
|
Streets, Bridges & Sidewalks |
62 Projects |
$450 Million |
|
Drainage & Flood Control |
19 Projects |
$144 Million |
|
Parks & Recreation |
64 Projects |
$116 Million |
|
Facilities |
28 Projects |
$120 Million |
|
Total |
173 Projects |
$830 Million |
BACKGROUND INFORMATION:
In March 2016, City Council was presented with a recommendation that the development of the 2017 - 2022 Bond Program follow the 2012 - 2017 Bond Program development model which included the utilization of Community Bond Committees. The Committees served in an advisory capacity with the responsibility of recommending to the City Council capital improvements projects to consider for possible inclusion within the Bond Program.
In August 2016, staff also recommended and presented to City Council a list of Guiding Principles to be used in the selection of projects for the Proposed 2017 -2022 Bond Program. The Guiding Principles included the consideration of rough proportionality to help ensure that projects are distributed throughout the City.
On September 28, 2016, City Council approved the development of the proposed $850 million Bond Program with the allocation and creation of five committees to review the five infrastructure categories, including 1) Streets, Bridges & Sidewalks; 2) Drainage & Flood Control; 3) Parks & Recreation; 4) Facilities and 5) Neighborhood Improvements. Each committee consisted of co-chairs, appointed by the Mayor and a total of 30 committee members, with each City Council Member appointing three of the members for each committee.
During the January 11, 2017 City Council “B” Session, the Streets, Bridges & Sidewalks, Drainage & Flood Control, Parks & Recreation and Facilities Community Committees presented their project recommendations totaling $830 million to the City council for their consideration.
The Rough Proportionality Methodology was used in the creation of the staff-recommended and final Committee recommended projects. Rough Proportionality identifies the greatest needs and guided project recommendations by geographic areas. Areas of the City have different infrastructure needs and project selection provides roughly equal improvement resources across the City.
ISSUE:
With this item, City Council will approve of a final list of $830 million in projects for the City’s proposed $850 million 2017 - 2022 General Obligation Bond Program.
The Community Bond Committee recommendations were developed within a two-month long public input process that included 30 meetings consisting of 25 public Community Bond Meetings and five Community Bond Tours. During this public input process, more than 1,400 residents were in attendance at the meetings and 350 resident comments were made.
The final list of recommended projects totaling $830 million was developed, in large part, with community input received through the Community Bond Committees appointed by the City Council to serve in an advisory capacity in the development of the City’s Proposed 2017 - 2022 General Obligation Bond Program. During the January 11, 2017 City Council “B” Session, Streets, Bridges & Sidewalks, Drainage & Flood Control, Parks & Recreation and Facilities Community Committees presented their project recommendations totaling $830 million to the City Council for their consideration.
|
Committee |
Recommendation |
|
Streets, Bridges & Sidewalks |
62 Projects |
$450 Million |
|
Drainage & Flood Control |
19 Projects |
$144 Million |
|
Parks & Recreation |
64 Projects |
$116 Million |
|
Facilities |
28 Projects |
$120 Million |
|
Total |
173 Projects |
$830 Million |
ALTERNATIVES:
The alternative would be not to approve the final list of $830 million in capital improvement projects potentially causing a delay for the calling of the Special Election for the 2017 - 2022 General Obligation Bond Program.
FISCAL IMPACT:
The City maintains a comprehensive long-term Debt Management Plan for its property tax supported debt program. The City has planned for bond authorizations every five years at an approximate similar size to the 2012 bond election of $596 million. The City’s proposed $850 million general obligation bond election planned for May 2017 is consistent with the City’s Debt Management Plan and does not require a debt service tax rate increase for the amortization period of the debt.
RECOMMENDATION:
On January 11, 2017 during the City Council “B” Session, the Community Bond Committees presented to City Council 173 projects recommendations totaling $830 million for inclusion in the 2017 - 2022 General Obligation Bond Program.
Staff recommends City Council approve a final list of $830 million in capital improvement projects for the City’s proposed 2017 - 2022 General Obligation Bond Program.