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Home»Finance»Pleasanton City Council to consider possible bond sale to finance water infrastructure projects
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Pleasanton City Council to consider possible bond sale to finance water infrastructure projects

The Elite Times TeamBy The Elite Times TeamMarch 4, 2024No Comments4 Mins Read
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Water comes out of a household faucet in Pleasanton.  (File photo: Chuck Deckert)
Water comes out of a household faucet in Pleasanton. (File photo: Chuck Deckert)

The Pleasanton City Council heard a staff presentation on the city’s proposed plan to approve and approve up to $19 million in bond sales to fund some of the planned water infrastructure renovations during Tuesday’s meeting. We plan to consider this.

According to a March 5 staff report, staff members submitted a resolution to the council outlining the debt financing and expressing the city’s intent to “reimburse expenditures related to capital improvement projects from the proceeds of tax-exempt debt.” It is said that it will be approved.

“The City has begun undertaking various capital improvement projects for the water system, also referred to as ‘short-term water improvement projects,'” the staff report states. “These improvements are needed to improve the capacity and reliability of the water supply system. They will also ultimately support the city’s future well/groundwater projects.”

Officials are scheduled to return to council on May 7 for final approval of the bond sale, according to reports. If the City Council approves the bond sale in May as planned, the city would sell the bonds and close the bonds in the third week of the month. This means that the funds will be available for project funding by the first week of June. .

The City Council meeting is scheduled to begin on Tuesday, March 5th at 7:00 p.m. The complete agenda can be accessed here.

Other business:

*City Council will consider the city’s 2023-24 Pavement Management Program (PMP) report, which will include the latest information on the condition of the city’s pavements and any changes needed since the last report was submitted in 2021. Includes an increase in the backlog of work.

“The 2023 PMP report will see the road network average drop by 2 points to a Pavement Condition Index (PCI) of 77, and the backlog will increase by $10 million from $22 million to $32 million from the 2021 PMP report. This is an unexpected decrease that is negatively impacting the health of the street network,” the staff report states.

The PMP report also found that the city spends an average of $4 million on street-related projects (plus $750,000 in concrete costs), resulting in “a continued decline in pavement condition over time.” Says.

“Increased construction costs, funding constraints, regulatory changes, and the implementation of pedestrian-friendly improvements within the roadway network are having a significant impact on maintaining recommended maintenance,” according to the staff report. That’s what it means.

Officials say the long-term cost of maintaining the city’s road network could rise sharply if the city’s Pavement Condition Index rating continues to decline.

*Staff will be introducing an ordinance to the council aimed at amending the chapter of the city’s ordinance regarding tree preservation. Staff will also provide updates on public outreach efforts undertaken by the City for the Urban Forest Master Plan.

* As part of the consent calendar, an item normally approved with a single vote, the City Council is considering adopting three ordinances related to the city’s three commissions and commissions.

One is to change the membership and term of the youth committee. The other option is to consider replacing the Energy and Environment Committee with a new Energy and Environment Committee. The final change would change the duties of the Planning Commission, which would result in the city dissolving the Housing Commission.

*The Consent Calendar allows the City Council to adopt a resolution declaring weeds, dirt, trash, and waste on or in front of certain listed properties in the City as a public nuisance and allowing those items to be removed. I’m considering it.

A public hearing to seek mitigation of these items is also scheduled for April 16th. Officials will begin notifying property owners of the resolution after adoption, and if these items are not removed by May 31, their properties will be “subject to law enforcement enforcement.” I am a city contractor. ”

*Staff will recommend approval to proceed with the bandstand option at Lyons Wayside Park as part of the consent calendar.

Of the three options identified by staff, the one recommended for approval “meets all performance recommendations and still has a desirable traditional bandstand aesthetic,” according to the staff report. It’s something that’s happening.

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