HomeMy WebLinkAboutAgenda Statement 1980/10/07 Item 11
Resolution /1)')98 Endorsing Proposition 1, the California Parklands
Acquisition and Development Program Bond Issue
Director of Parks and Recreation ~
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COUNCIL AGENDA STATEMENT
ITEM TITLE:
SUBMITTED BY:
Item 11
Meeting Date 10-7-80
(4/5ths Vote: Yes___ No~)
On September 22, 1980, the Comprehensive Planning Organization Board of Directors passed
a resolution of support for Proposition 1, which is included as an exhibit. CFO staff
has requested Council to also support the proposition.
Proposition 1 is the State Parklands Acquisition and Development Program Bond Issue. If
approved by a majority of voters, it will authorize State general obligation bonds of
$285 million for a number of programs; most of the programs will provide some parkland
and recreational facilities in the San Diego region, as outlined in the discussion below.
REC:X:lI1MENDATION: That Council adopt a resolution endorsing Proposition 1.
BOARD/CU1MISSION REC:X:lI1MENDATION: N.A.
DISCUSSION
The Parklands Acquisition and Developnent Act provides an important source of funding to
the residents of Chula Vista and the San Diego region. Of the $285 million, some
$85 million will be for grants to local governments, to be distributed as determined by
officials representing local agencies. In this region, $6.4 million will be available.
Other sections of the Recreational
the City and the San Diego region.
the following:
and Parklands Element also will provide benefits to
Statewide arrounts in which the region will share are
State parks ($95 million)
Coastal resources: Land acquisition for State parks ($65 million)
Implementation of Local Coastal Programs ($30 million)
State Coastal Conservancy ($10 million)
Urban Open Space and Recreational Program (SB174) ($30 million).
Allocations to local agencies under SB 174 are as follows:
Carlsbad
Chula Vista
Coronado
Del Mar
El Cajon
Escondido
Imperial Beach
La Mesa
$25,321
61,344
16,052
3,938
53,582
45,216
15,713
37,756
LEmon Grove $
National City
Oceanside
San Diego City
San Diego County
Vista
Spring Valley
Total
15,034
36,249
54 , 561
984,035
921,592
25,208
13,565
$2,309,166
'flms, the agencies in San Diego County wip be assured of $6,414,450 plus $2,309,166
under the Act and some additional funding for State parks and coastal conservation,
as well:
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Continued on Page 2
Form A-113 (Rev. 11/79)
EXHIBITS
Agreement Resolution~ Ordinance_____ Plat_____ Notification List
CPO Resolution
Other X ENVIRONMENTAL DOCUMENT: Attached Submitted on
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Page 2, Item
11
Meeting Date
10-7-80
State bond funds have been a major source of rrouey for park acquisition throughout the
region. Such funds have provided matching rroney for federal grants as well. FUnds
from a previous issue, in the amount of $308,000 were provided for construction of the
new Park Way Community Center, and $150,000 for construction in Rohr Park.
FISCAL IMPACT
Proposition 1 will be financed by the sale of general obligation bonds. The State Depart-
ment of Finance estimates the total cost of the bond authorization at $509,437,500 (at
7 1/'2f'!o interest and 20-year maturity). This includes the $285 million redemption value
of the bonds and total cost of $224,437,500. This amounts to about $1.17 per person
annually.
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