To: Board of Supervisors
From: John Kopchik, Director, Conservation and Development
Report Title: Allocation of $68,000 from the Livable Communities Trust (District I portion) to the Public Works Department Montalvin Park Playground Project
?Recommendation of the County Administrator ? Recommendation of Board Committee
RECOMMENDATIONS:
APPROVE allocation of $68,000 from the Livable Communities Trust (District I portion) to the Public Works Department for the Montalvin Park playground project, as recommended by Supervisor Gioia
FISCAL IMPACT:
No General Fund impact. This action allocates $68,000 from the District I portion of the Livable Communities Trust Fund (Fund). The current balance in the District I portion of the Fund is $136,412.15.
BACKGROUND:
The Livable Communities Trust Fund (Fund) is a Special Revenue Mitigation Fund that was established by the Board of Supervisors on November 15, 2005, following the approval of the Camino Tassajara Combined General Plan Amendment Project, also known as the Alamo Creek and Intervening Property residential projects, and was required as a condition of approval. The Fund was established to implement the County's Smart Growth Action Plan. The residential developers pay an $8,000 per unit fee (excluding affordable housing portions of the projects) into the Fund. The Department of Conservation and Development administers the Fund.
On December 3, 2013, the Board of Supervisors determined that revenue from the Fund should be spent equally among supervisorial districts. At complete build-out, deposits to the Fund will total $8,448,000. As of July 11, 2024, the account has collected $8,376,000 in revenues and $1,388,803.95 in accrued interest with $4,684,305.31 remaining in uncommitted funds. The approved expenditures to date are attached.
Montalvin Park Playground Project
Over the last 12 months, the Public Works Department completed improvements to the recreational sports facilities in Montalvin Park, located in the uni...
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