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Addendum PREPARED BY : ARN ANDREWS Assistant Town Manager Reviewed by: Town Manager , Assistant Town Manager, Town Attorney , and Finance Director 110 E. Main Street Los Gatos, CA 95030 ● 40 8 -354 -68 32 www.losgatosca.gov TOWN OF LOS GATOS COUNCIL AGENDA REPORT MEETING DATE: 06/19 /2018 ITEM NO: 6 ADDENDUM D ATE : JUNE 18, 2018 TO : MAYOR AND TOWN COUNCIL FROM: LAUREL PREVETTI, TOWN MANAGER SUBJECT: ADOPT AN ORDINANCE FOR A SALES TAX MEASURE TO BE PLACED ON THE NOVEMBER 6, 2018 BALLOT REMARKS : Public c omments received after the distribution of the staff report and before 11:00 a.m. on Monday , June 18 , 2018 are included in Attachment 2 . In addition, a fter the distribution of the s taff r eport staff received a question from a Council m ember . Following is the Councilmembers question (bold) and the staff response in italics. “Where in our budget documents was the $70,000,000 in unmet infrastructure needs stated?” The $70,000,000 number is a conservative compilation of unfunded needs (specific/general) identified from various public Council actions, staff reports , and other public reports. The table on the next page contains a sample of specific items that have been identified thro ughout the years . PAGE 2 OF 2 SUBJECT: ADOPT AN ORDINANCE FOR A SALES TAX MEASURE TO BE PLACED ON THE NOVEMBER 6, 2018 BALLOT JUNE 18 , 2018 S:\COUNCIL REPORTS \2018 \06 -19 -18 \06 Sales Tax Ordinance \Addendum.FINAL.docx 6/18/2018 3:59 PM Item Cost Document Parking Garage $12,500,000 t o $25,000,000 (total debt service) March 20 , 2018 Staff Report “Review Of Downtown Parking” Traffic Mitigation Improvements $34,300,000 (the original $48.0M total has been adjusted downward to reflect $10.5M in Pavement Management, $2.0M Blossom Hill R oad widening over 17, and $1.2M of projected N orth 40 i mprovements ) Attachment 1 of Amended 2014 Traffic Impact Policy Page C -35 of the 2018/19 Operating & Capital Summary Budget P avement C ondition I ndex - Pavement Management $28,000,000 (5 years) 2016 Pavement Management Program/Budget Options Report (p age -7 Budget Needs) Hwy 17 Bicycle and Pedestrian Bridge $5,000,000 to $10,000,000 Adopted 2018/19 C apital I mprovement P rogram (pa ge C - 82 ) TOTAL $79,800,000 to $97,000,000 In addition to the specific items referenced above , the adopted 2018/19 CIP states in multiple areas that the Town has not identified permanent funding sources for maintaining the Town’s roadway system (C -7, C -15, C -18), Parks operating program (D -5), Town’s public facilities (E -5), and new equipment (E -35). Attachment received with Staff Report: 1. Draft Ordinance Attachment received with this Addendum : 2. Public c omment s rece ived between 11:01 a.m. Thurs day , June 1 4 , 2018 and 11:00 a.m. Monday, June 18 , 2018.