Loading...
HomeMy WebLinkAbout09 - Assessment District 95CITY OF NEWPORT BEACH CITY COUNCIL STAFF REPORT Agenda Item No. 9 July 27, 2004 TO: Mayor and Members of the City Council FROM: Public Works Department Iris Lee, Junior Civil Engineer 949 - 644 -3311 ilee@city.newport-beach.ca.us SUBJECT: REQUEST FOR FUNDING FOR PROPOSED UNDERGROUND ASSESSMENT DISTRICT NO. 95 (AREA BOUNDED BY: L STREET, BALBOA BOULEVARD, CHANNEL ROAD AND OCEAN BOULEVARD) RECOMMENDATION Approve a budget amendment authorizing an advance from the General Fund in the amount of $105,500.00 to Assessment District No. 95 and appropriate $80,500.00 to 74095 -9810 for SCE electric design and $25,000.00 to 74095 -9811 for SBC phone design. DISCUSSION: The property owners of Proposed Underground Assessment District No. 95 have submitted petitions to the City requesting a special Assessment District be formed to finance and underground overhead utilities. The boundaries of the proposed District are shown on the attached Exhibit "A ". One of the initial steps in the District formation process is the circulation of the Petition for Special Assessment Proceedings. Proponents of the District circulated a petition to the property owners and have submitted the signed petition to the City. The Assessment Engineer has certified the petitions, which represent 67 percent (67 %) of the assessable area of property within the boundaries of the proposed Assessment District. The City's guidelines require a minimum of 60 percent (60 %) in favor of the District in order to proceed with the formation of a District. Southern California Edison (SCE) and SBC Communications, Inc. (SBC) are responsible for the design of their utilities. In order to initiate the design of these facilities, the City must remit $80,500.00 to SCE and $25,000.00 to SBC. The utility design costs will be reimbursed to the City by the District if it is formed at the final Public Hearing. However, the funds will not be recovered if the District is not formed. The City Council has previously authorized the advancements of funds for other districts. Environmental Review: This project qualifies for a Class 2 California Environmental Quality Act (CEQA) exemption under Section 15302, item "d" of the Implementing Guidelines as follows: "Conversion of SUBJECT: Request for Funding for Proposed Underground Assessment District No. 95 July 27, 2004 Page 2 overhead electric utility distribution system facilities to underground including connection to existing overhead electric utility distribution lines where the surface is restored to the condition existing prior to the undergrounding." Public Notice: Not Applicable at this time. Funding Availability: Upon approval of the recommended budget amendment, sufficient funds will be available in the following account: Description Southern California Edison Design Fee SBC Design Fee Prepared by: e, P. E. Junior Civil Engineer Account No. Amount 74095 -9810 $80,500.00 74095 -9811 $25,000.00 TOTAL $105,500.00 Submitted by: ep n dum P is rks aDirector Attachments: Exhibit "A ", Boundary Map of Proposed District Budget Amendment W U) W O~ Co CL w� Oz > W Qw ❑ U) zU) Dw OU) m¢ 1 1, LE02 -m e o im 3nN3AV 1: I 1 OZ - ogoz Eo Zgo .9 z l I'l°z i zpz °boz 9E0, oZ ZEOZ z /Z 8zp/�� PzOZ 80 0 O l 9j0u, / Ztoe 9 l 0002- / w O 2 C7 w z L ❑ �7 w uJ = M O� C7 O J W W (n L U W LLI U) Z 07 ❑ O W 2 W W J J W IL a O Q F 07 _ X w rn r m n OZ - ogoz Eo Zgo .9 z l I'l°z i zpz °boz 9E0, oZ ZEOZ z /Z 8zp/�� PzOZ 80 0 O l 9j0u, / Ztoe 9 l 0002- / w O 2 C7 w z L ❑ �7 w uJ = M O� C7 O J W W (n L U W LLI U) Z 07 ❑ O W 2 W W J J W IL a O Q F 07 _ X w City of Newport Beach BUDGET AMENDMENT 2004 -05 EFFECT ON BUDGETARY FUND BALANCE: Increase Revenue Estimates x Increase Expenditure Appropriations AND Transfer Budget Appropriations SOURCE: from existing budget appropriations from additional estimated revenues PX from unappropriated fund balance EXPLANATION: This budget amendment is requested to provide for the following: NO. BA- 05BA -005 AMOUNT: $1os,soo.00 Increase in Budgetary Fund Balance x Decrease in Budgetary Fund Balance No effect on Budgetary Fund Balance To increase expenditures appropriations for the cost associated with electric and phone design for assessment district No. 95. General Fund will advance these funds and will be reimbursed by the district should it be formed. ACCOUNTING ENTRY: BUDGETARY FUND BALANCE Fund Account Description 4095 3605 AD #95 Fund Balance REVENUE ESTIMATES (3601) Fund /Division Account EXPENDITURE APPROPRIAT IONS (3603) Division Account Account Division Account Division Account Division Account Signed: Signed: Signed Description Approval: Administrative Approval: City Manager City Council Approval: City Clerk Amount Debit Credit $105,500.00 $80,500.00 $25,000.00 7 Date Da v Date Description Number 74095 Assessment District No. 95 Number 9810 AD Electrical Design Number 9811 AD Pone Design Number Number Number Number Number Number Approval: Administrative Approval: City Manager City Council Approval: City Clerk Amount Debit Credit $105,500.00 $80,500.00 $25,000.00 7 Date Da v Date