1992 AGN MAY 19 I22 - Laserfiche WebLink

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CITY OF COLTON AGENDA REPORT For Council Meeting of May 19, 1992 TO: Honorable Mayor and City Council FROM: John C. Hutton, Director of Public Works All— SUBJECT: Approval of Five Year Capital Improvement Program Date: May 12, 1992 and Resolution Requesting Measure I Monies in Advance The City of Colton has had an aggressive street rehabilitation program over the past four years, paving over eleven miles of local and public streets (2.7 miles per year). The Department of Public Works, in conjunction with a team of members from several other Departments, purposes to step up the street rehabilitation program by attempting to repave as much as 27 miles of roadway at an estimated cost of approximately 5.76 million dollars within the next five fiscal years (5.4 miles per year). This program is composed of five independent phases as shown on the street paving exhibit map covering all portions of the City of Colton and utilizing all financial means available for street rehabilitation purposes including, but not limited to, RDA funding, CDBG, FAU, State and Federal transportation funds, County Host City Fees, CFD funds and any local Measure I funds that become available over the term of the County sales tax initiative. DISCUSSION: Realizing that the program is initally designed to be a five year capital improvement program, implementing one phase per year, the program has the flexibility to accomplish segments of several different phases as the aforementioned funding sources become available. As with all capital improvement projects, funding is the driving force that ensures the success of the program, and since this program proposes to utilize multiple sources of funds (some not capable of being co -mingled with others due to program guidelines) in each phase, staff has produced a generic set of street renovation and paving contract documents designed to meet all local State and Federal requirements, including the flexibility to extend, delete or add additional work as funds become available from those funding sources. Recently the San Bernardino Associated Governments (SANBAG) initiated a program by the San Bernardino County Transportation Authority to finance, through the sale of bonds, 110 million dollars for transportation purposes. Richard Acevedo, Finance Director, suggested this possible source as a means to finance our local programs for this proposed street renovation project. My personal gratitude goes out to Mr. Acevedo as an active member of the project team. Attachments: Page 1 of --2 Item No. ��