2003 AGN MAY 06 I07 - Laserfiche WebLink

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Item #7 CITY OF COLTON AGENDA REPORT FOR THE CITY COUNCIL MEETING OF MAY 6,2003 TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS FROM: AMER JAKHER. P.E., CITY ENGINEER�D) SUBJECT: APPROVE AND ADOPT THE AUTHORIZING RESOLUTION TO RE -ALLOCATE PROJECTS FOR 1996-1997 TO 2001-2002, TO MATCH ACTUAL EXPENDITURES AND PROJECTS MADE DURING EACH YEAR. DATE: APRIL 25, 2003 BACKGROUND: As part of receiving funds from the County Wide Measure I Sales Initiative Program, the measure requires the City to adopt and submit a Five-year Capital Improvement plan to SANBAG each year. In reviewing expenditures for the last few years, it became apparent that the adopted Measure I Five Year Capital Improvement Plan for years 1996 through 2002 do not match the actual expenditures made during each of these years. The City made expenditures from the Measure I Fund for projects not on the five-year Capital Improvement Plan. It is necessary for the City to update its Measure I Capital Improvement Plan to adjust and match actual expenditures. This action will re -align the Measure I Capital Improvement Plan to the actual projects and expenditures made in each of the years. ANALYSIS/DISCUSSION: Some of the projects that were listed on the Measure I Five-year Capital Improvement Plan for years 1996 through 2002 have been deleted because the projects are undefined in nature or are no longer feasible. In addition some of the projects have been re -allocated to future years, therefore funding from these projects can be allocated for other City projects. Included within this report is exhibit "A" and "B", Exhibit "A" is a summary outline of the modifications recommended for the Capital Improvement Plan from 1996 through 2002. Exhibit "B" outlines the actual revenue received during each year, the actual expenditures incurred during each year and the modification recommended to be made to the Measure I Capital Improvement Plan. There is also a summary balance of the remaining unused Measure I funds that are in reserve that could be used for future project. In order to re -allocate projects for the Measure I Capital Improvement Plan (Years 1996 through 2002) to match actual expenditures, a reaffirming resolution will be needed. A copy of this resolution is included in this report as exhibit "C".