HomeMy WebLinkAbout2016/07/12 - Item 11 - Resolution C - Expenditure Plan RESOLUTION NO. __________
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING ITS INTENDED INFRASTRUCTURE, FACILITIES AND EQUIPMENT EXPENDITURE PLAN
WHEREAS, to
help identify the needs and priorities of the Chula Vista community and to evaluate the state of the City’s infrastructure, the City formed the Asset Management Program Advisory Committee
(“AMPAC”) in March 2014;
WHEREAS, working with AMPAC, City staff proceeded to develop a draft Asset Management Program identifying critical infrastructure, facilities and equipment
in need of upgrade, replacement, maintenance and/or repair (“AMPAC Program”);
WHEREAS, the City currently has insufficient revenues to implement the AMPAC Program;
WHEREAS, in order
to fund the AMPAC Program, City staff is proposing placing on the November 2016 ballot a local one-half cent general sales tax measure (“Funding Measure”) to be in effect for 10 years
generating an estimated $16 million per year (“Sales Tax Funding”);
WHEREAS, as a formal expression of how City would intend to expend the Sales Tax Funding, City staff has prepared
the Intended Infrastructure, Facilities and Equipment Expenditure Plan (“Intended Expenditure Plan”); and
WHEREAS, the Intended Expenditure Plan, attached hereto as Exhibit A, is consistent
with and implementing of the terms of the AMPAC Program, and also includes the intention for debt financing of approximately $50 million upfront in order to expedite the most critically
needed repairs or replacements of citywide infrastructure; and
WHEREAS, the Intended Expenditure Plan is being presented to the City Council for its consideration concurrent with City
Council consideration of the Funding Measure for the November 2016 ballot as an expression of current City Council intent and to guide City staff budget proposals for Sales Tax Funding
to this City Council, and future City Councils in their discretion.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista, that it does hereby approve the
Intended Infrastructure, Facilities and Equipment Expenditure Plan in the form presented and attached hereto as Exhibit A, with such minor modifications as may be required or approved
by the City Attorney.
Presented by Approved as to form by
Gary Halbert Glen R. Googins
City Manager City Attorney