8I Consent 2007 0416 - Laserfiche WebLink

Home

Appropriation for Doolittle Entryway 4 April 16, 2007 Fiscal Impact Phase 1 . The estimated cost of construction for Phase 1 is $2.5 million (includes contingencies and construction support) and will be jointly funded by the City of San Leandro (42%), the City of Oakland (42%), and the Port of Oakland (16%) . The City of San Leandro's share is funded entirely by the Redevelopment Agency with proceeds from the 2004 Tax Allocation Bonds issued for the Project Area . Public Works Services has estimated that this project will increase San Leandro's annual maintenance costs by $25,000 . By agreement, maintenance of the improvements in Oakland will be maintained by the City of Oakland Phase 2 . Phase 2 construction is estimated to cost $2.2 million (including contingencies and construction support) and will be funded by the City of San Leandro Redevelopment Agency . The Port of Oakland will contribute approximately $197,262 for landscaping, irrigation and fencing along the Metropolitan Golf Course . Public Works Services has estimated that this project will increase San Leandro's annual maintenance costs by $25,000 Budl!et Authority . The project is partially funded with budget authorized in Capital Improvement Program Account No. 230-43-155 and Redevelopment Agency Account No. 964-83-060. This action will increase the funding by the amount contributed by the City of Oakland and the Port of Oakland ~ance Director Attachments None CONCLUSION Staff recommends appropriation of funds in the following amounts for the subject project . $1,001,400, which represents the City of Oakland's contribution toward Phase 1 . $381,500, which represents the Port of Oakland's contribution toward Phase 1 . $197,262, which represents the Port of Oakland's contribution toward Phase 2 UU:KJ:AO:ml K:\AA-C\COUNCIL\2007\APR 16\APP DOOLITTLE ENTRYWAY FUNDS MEM.doc