The URL can be used to link to this page

Home My WebLink About00 - PresentationFISCAL YEAR 2025-26 PLANNING SESSION February 1, 2025 City Council Planning Session • Financial Update • Major Initiatives — Services • Status of Major Capital Improvement Projects • Development of FY 2025-26 CI P Budget • Private Development Under New Housing & Land Use Elements • Major Initiatives — Projects � SEW PAR e� Cql FORN�P FINANCIAL UPDATE GENERAL FUND REVENUES Transient cupancy $33.7M 10% Other Revenues Sales Tax $71.0M $48.3M 21 % 15% Property Tax $158.3M 48% ��1 Operating Transfers $21.6M • City's largest revenue source. • Projected to increase by $6 million (4%) due to: • Increase in assessed values related to Proposition 13 inflationary adjustment • Changes in ownership and new construction. $1 70 $150 2 $130 $110 $90 Q�EWPp�T n u � s CqG/FORN�P +7.7 +4.3% +6.6% $128 $123 $116 2019-20 2020-21 2021-22 Actual Actual Actual +4.2% +5.6% .— $146 $138 2022-23 2023-24 Actual Actual +4.0% $158 $152 2024-25 2025-26 Projected Projected • Newport Beach receives 17% of 1 % property tax collected. • Each city's percentage of the 1 % varies. • Newport Beach has County's V highest city -share of the 1 % behind Santa Ana and Laguna Beach. • This higher share, plus higher assessed values than many surrounding cities, contributes significantly to the City's fiscal stability. • The City's assessed valuation is the second largest in Orange County, behind Irvine. • Citywide assessed values are projected to reach $83 billion in FY 2025-26. ■ City of Newport Beach ■ Schools ■ County of Orange ■ Special Districts Property Tax Revenue by Category ■ Residential ■ Commercial Other ■ Unsecured Q�EWP0 n u � s c441FORN`P SINGLE-FAMILY HOMESDETACHED SALES PRICE HISTORYMEDIAN YEAR SALES MEDIAN PRICE CHANGE % 2020 1,143 $2,595,000 6.57% 2021 1,414 $3,200,000 23.31 % 2022 833 $3,736,500 16.77% 2023 689 $3,845,000 2.90% 2024 650 $3,976,000 3.41 % $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 MEDIAN PRICE `LO,�) (Lo'�' 0 tib<'ry�N <�) � A-�> N;b tib�o ry�� "1 1", I'll • Second largest revenue source. • Projected to increase by $3 million (6.9%), primarily due to: • Anticipated growth in autos and transportation. • County pool. $50 $45 .a $40 +7.5% $35 $36 $30 Q�EWPp�T n u � s c441FORN`P +18.5 $39 +0.8% +6.9% <7PO//(o + �4. 1 $47 �0/6 45 $43 2019-20 2020-21 2021-22 Actual Actual Actual 2022-23 2023-24 2024-25 2025-26 Actual Actual Projected Projected $14 $12 =$10 0 $8 $6 $4 $2 $0 Q�EWPORT n u � s c441FORN`P Fiscal Years 2023/24, 2024/25 & 2025/26 $13.2 23/24 24/25 25/26 Autos & Transportation $10.4$10.8 23/24 24/25 25/26 Restaurants & Hotels $9.0 $8.6 23/24 24/25 25/26 General Consumer Goods $7.9 $6.7 $7.2 23/24 24/25 25/26 State & County Pools Third largest revenue source. • Projected to increase by $1 million, or 3.2%. • Net of payments to Visit Newport Beach. • Increase is driven by: • Anticipated growth in TOT receipts from hotels and short-term rentals. • Decrease in payments to VNB. $35 $30 +2.8% +3.2% +5.1 % $34 +13.2% $32 $33 $30 C $25 +58.0%27 0 � $20 $21 \ -19.0% $15 $17 �EWP0 $10 2019-20 2020-21 2021-22 u � s Actual Actual Actual CqG/FORNP 2022-23 2023-24 2024-25 2025-26 Actual Actual Projected Projected $40 $35 $30 $25 $20 $15 $10 $25.6 Commercial Vs. Residential Transient Occupancy Tax Revenue $20.1 $26.7 $24.3 $29.2 $29.5 $30.1 $14.2 $10.0 $9.5 $10.3 1$10.5 $8.2 $5 do n I I I 1 1 $4.5 $5.1 $6.3 $0 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 �EWP0 0 Commercial (Hotel) TOT Revenue ■ Residential (Short -Term Rental) TOT Revenue n u � s CqG/FOFL 0 $340 $320 $300 $280 $260 Hictnrir_al +2.9% $322 +4.2% $313 +6.3% $300 $283 2022-23 2023-24 Actual Actual Q�EWPORT n u � s c441FORN`P 2024-25 2025-26 Projected Starting Fiscal Year 2025-26 12 Utilities, 1.9% Capital Transfers , 10.1 % nnarn inrr Recreation & Senic Services, 5.1 % Community Development, 5.4% Q�EWPORT n u � s c441FORN`P Miscellaneous Expenditures, 0.7% y Council, 0.3% City Clerk, 0.4% ttorney, 0.8% y Manager, 2.3% Human Resources, 1.2% Finance, 3.3% 13 Cs] IL •I FY 2025-26 budget is under development. Preliminary General Fund operating expenditures starting with $9 million (2.9%) increase for baseline: $2 million for employee wages and benefits $2 million for operating costs $5 million for capital expenditures. Cost adjustments for specific services and program enhancement requests are under evaluation and not yet reflected in expenditure outlook. Q�EWPORT n u � s c441FORN`P Cam. Staff recommends General Fund capital funding be maintained as shown due to: • Inflationary impacts • Significant upcoming projects • Addressing long-term capital needs. Q�EWPp�T n u � s CqG/FORN�P General Fund Capital Improvement Fund Tidelands Capital Fund (HBMP) Facilities Financing Plan Fund Facilities Maintenance Fund Park Maintenance Fund $6.5 M $ 6.5 M $5.8 M $ 6.0 M $9.9 M $15.3 M $2.5 M $ 2.5 M 2.3 M 2.3 M Capital Funding in Original Budget $27.0 M $32.6 M FY 2023-24 Year -End Surplus Funds $10.8 M $ - Total Capital Funding $37.8 M $32.6 M • Revisited annually. • FY 2024-25 budget included $45 million to pay down pension liability. • Baseline allocation of $40 million • Discretionary contribution of $5 million from projected General Fund surplus at budget adoption • Continued commitment of $45 million eliminates pension liability in 8 years • Assuming CaIPERS meets investment earnings expectations • Liability anticipated to be eliminated by 2033 • FY 2025-26 budget includes baseline allocation of $40 million. • Additional $5 million discretionary contribution can be funded at budget adoption or from year-end surplus. SEW PO e� Cql FOR MAJOR INITIATIVES - SERVICES Crime Information Center (CIC) • Operational January 14, 2025 • 3 civilian investigators • Fusus Flock License Plate Readers (LPR) • 69 cameras installed HOAs and private partnerships • Success stories Q�EWPp�T n u � s c441FORN`P 18 • Quality of Life Team • Additional officers assigned as Homeless Liaison Officers (HLOs) • 4 HLOs, 3 bicycle officers, 1 sergeant • Coverage 7 days a week, 9 a.m. to midnight • New Municipal Codes • Results: • January 2024 Point in Time Count: 71 • November 2024 PATH Census: 11 • Additional Support: • New City Prosecutor position • Proposed budget amendment to City Council SEW PAR e Cq</ FO RNP Drone Program • Research conducted into top drone companies • Proactive patrols to affected areas • Can act as first responders • 5 drones pre -positioned to bases throughout the City • Backpack drones for specific operations • Contract anticipated for Council review February 25 • Equipment deployed within 90 days after contract completion � SEW PAR e� Cql FORN�P 20 4 New Full -Time Positions Created: • Vendor enforcement (1) • Commercial use in residential zones (1) • Refuse enforcement (2) Program Changes • Purchased ATV and trailer for beach enforcement • Refuse enforcement transitioned from Public Works to Community Development • Proactive inspection program for commercial uses in residential zones Q�EWPORT n u � s c441FORN`P EACH VENDO i NFORCEMENT , mm Y A _ 4x Vto"ate _ "tom "' a S k low • All 1,550 short term lodging units ' inspected over a two-year period. • 172 inspection completed since November 2024. Smoke/Carbon detectors Refuse — 3 Containers 47 • Inspections include: Required postings 2 In • Health and safety Peeling paint/Wood rot 21 • Unpermitted construction Address visible • Property maintenance • Parking Heating 9 Property maintenance 8 • Compliance with all conditions of NBMC 5.95.045 Unpermitted construction 8 Square footage/occupancy 4 Pool safety 2 PO�T Electrical Hazard 2 Parking 1 u � s CqG/FOFL Total 194 • Calendar year 2024: • 40 permits issued from waitlist • 2 notices of intent to revoke issued (1 overturned) • 4 notices of intent to suspend issued (1 overturned) • 25 permits closed at request of owner • 10 permits closed and not reinstated • No TOT reported for 2 years • 19 permits abandoned • 1,496 active permits as of January 1, 2025 • 688 properties on waitlist SEW PO e� Cql FORN�P Hardship appeal process: • October 8 City Council meeting discussion on potential appeal process for revoked permits. • Council members requested matter be brought back for further discussion at the City Council Planning Session Q�EWPp�T n u � s C4/ /FOFL • Refuse enforcement program transitioned to Community Development on July 1 • 2 full-time officers dedicated to refuse enforcement related to State mandates • Increase: • 262 cases to 2,352 cases (over same time period previous year) Q�EWPp�T n u � s c441FORN`P 7/1 /24 to 1 /15/25 616 102 Refuse (Storage, maintenance) SB 1383 (3 Waste stream system) • • Unfranchised hauler • Total Cases SB1383 STATE MANDATED 3-CART WASTE STREAM 711/24-1/15125 SB13831EXHIBIT E CASES 1401 COMPLIANT 1183 84% FY24-25 GOALS • Require short term lodging unit(s) during inspection to meet compliance • 2500 Cases with a compliance rate of 90% • Implement residential enforcement tr�aq p�rMK ��{Iy]� • 8 officers in Code Enforcement • Serve the public 7 days a week • 24/7 short term lodging hotline operates at City Hall during summer season for higher level of customer service. • Code Enforcement is expected to handle approximately 10,000 cases in 2025 Q�EWPp�T n u � s c441FORN`P 2s • Review of department proposals underway • Areas of focus /increasing service level demands: • Cybersecurity • Facilities maintenance • Real estate management *Building inspection services •Overtime • Contract services • Supplies Q�EWPp�T n u � s c441FORN`P 29 STATUS OF MAJOR CAPITAL IMPROVEMENT PROJECTS Witte Lecture Hall • for • to • •,� r- UUD 113 - West End Balboa Island Agate Avenue to the West • About 1 month of construction remaining (alley reconstruction) UUD 124 - Remainder of Big Balboa Island Phase 1: Almost complete; working on alley restoration o Phase 2: Under construction; finishing conduit installation o Phase 3: Starting construction; February 2025 o Entire island to be completed in 2028 Q��WPO�T n u � s c441FORN`P • City partnering with US Army Corps of Engineers • Permitting and project bidding underway • Port of Long Beach disposal site • Construction expected to begin Spring 2025 • Approximately $23 million project cost Project Funding in Place • $13 million Federal • $10 million City Tidelands Funds Q��WPO�T n u � s CqG/FORN�P Q�EWPORT y u � i c441FORN`P New Library and Fire Station: • $18M estimated cost • Bid and award: Spring/Summer 2025 • Construction: Begins Fall 2025 • Estimated Completion: Spring/Summer 2027 Temporary Fire Station: • $375,000 estimated cost • Plan, permit, bid: Winter/Spring 2025 • Construction: Spring/Summer 2025 • Move staff and equipment: late Summer 2025 Fleet Fueling Challenges: CNG filling station location creates circulation and security issues • Requires 24/7 access • Public and City contractors use 88% of fuel • City has 19 CNG vehicles • High demand causing congestion at Corp Yard entry and long re -pressurization times • Agreement with Clean Energy for O&M expires 2028 (extended in 2023) Q�EWPp�T n u � s c441FORN`P Existing underground unleaded tank permit expires 2025 • Unleaded tank next to CNG pumps • Removal will impact CNG fueling Future electric vehicle regulations unknown • State order issued September 2020 sets goals for zero emissions vehicles • 100% of all in -state passenger car and truck sales by 2035 • 50% of all medium and heavy-duty vehicles by 2025; 100% by 2045 Fueling Reconstruction Project Relocates Unleaded and Adds Slow Fill CNG • Relieves congestion, decrease City fleet fueling times, maintains compliance • Estimated cost $6.5M (does not include any electrification) • New Balboa Island drainage system • Replace manual valves with automated pump system • 6-7 smaller storm water pump stations • Connect to a system of underground drain pipes • First 2 pump stations under design • Construction estimated to start Spring 2026 • $7 million estimated cost for this phase • $35 million estimated cost for remainder of island MacArthur Blvd. Pavement Rehabilitation Campus Drive to Jamboree Road • Install landscaped medians • Add City monument sign • Rehabilitate traffic signals • Repave roadway • Add on -street bike lanes • Estimated cost: $6.5M • Construction: January 2026 to July 2026 o ci rr or �EWPp�T �w NEWPORT � y BEACH a:> CqG/FORNrP 1 S0 1504 8 A A�J . 111 Ai Q�EWPORT n u � s c441FORN`P f • Original structure built in 1961, major rehabs in 1987 and 2001 • Currently budgeted, in concept development • $2.8 million estimated cost Ah • PB&R Commission community public hearings on concept design — Winter/early Spring 2025 • City Council community public hearings on concept design and concept design approval — Spring 2025 • Design and permitting complete late 2025 • Construction Spring 2026 - Early 2027 Q�EWPORT n u � s c441FORN`P 40 • Critical intersection • City and OCTA working on improving capacity and pedestrian/cyclist movements • Sunset Bridge was first step • Next: Add vehicle lane improvements, take pedestrians and cyclists out of intersection • Requires another bridge over PCH Q�EWPp�T n u � s CqG/FOFL Development of the FY 2025-26 CIP Budget 42 How projects are selected for CIP: • Included in City Master Plans: • Pavement Management Plan • Harbor & Beaches Master Plan • Facilities Financing Plan • Bicycle Master Plan • Water Master Plan • Sewer Master Plan • Identified by City Council, community, staff • Developed to support Council goals, objectives, priorities �EWPO�T • Required by Federal, State law or legal action n u � s CqG/FORNP 43 • General Fund — City general use funds — City special directed funds • Tidelands Funds • Roadway/Transportation Directed Funds — State gas tax — County Measure M — Roadway maintenance and repair funds (SB1) — City transportation and circulation impact fee • Matching grants and contributions (Federal, State, local private) • Special directed use funds — Environmental liability fee (City commercial refuse franchises) — City building excise tax — Federal Community Development Block Grants (CDBG) — AQMD clean air subvention funds • Enterprise Funds — Sewer utility user charge — Water utility user charge a1/28/2a25 Ref New/Repl acement Active Projeots Function Project Yr guilt/ Refurb OG yr Built Re pl Sq Ft Current Est$/Sq Ft Age From; 2025 Useful 2025 Life Years to Start Project Estimate FY Design Year FY GDnst StartYear FY Cost Est@ 2.5%Growth Private Cantribtions Net Proposed Cost 4 R Gen Gov 15th Street Beach Restroam 1961 1961 1,100 1,200 64 60 ❑ 1,32�,000 24123 2025 1,320,000 1,32❑,❑00 5 R M u nicpal 0 pe rations Corporation Yard(Fue l ing a rid Transfe r Station} TBD TBD NA 40 0 7,400,000 2023 2025 7,400,1100 7,400,0W 6 R Fire/Library FS 1- Peninsula/Balboa library 1962 IS62 10,877 1,470 63 60 0 16,000,000 2023 2025 16,000,000 16,000,❑00 7 R Rec Facility Bonita Cme k- Artificia l Tu rf Rep lace me nt 2915 2Uls 1,700,000 12 10 10 1 2,640,000 2025 2026 2,091,000 2,091,000 40 N Rec Facility Aq uatic Ce me r at Lowe r Castaways 2 47,000,000 2025 2027 49,379,375 24,fi89,fi88 24,fi89,687 37 N Gen Gov PCH Ped Bridge at Su pe rio-r TBD TBD 3 27,000,000 2026 202E 29,076,047 21,807,C35 7,269,012 38 R Rec Facility Grant Howald- Artifir ia l Tu rf Replace me nt 2021 2021 fifi,000 12 4 10 6 792,000 2030 2031 912,477 912,477 E R Police Police Station 3973 1572 60,000 1,fi00 52 CC E 96,DOD,oac 2030 2033 llfy966,67a 11fy966,67E 9 R Rec Fad Iity NewportTheatre A rts Center 2973 1973 7,950 900 52 fi0 E 7,155,000 2030 2033 E,717,03 4,35E,E36 4,35E,E36 3 R Rec Facility Arroyo Park Synthetic Turf Field 2024 2024 102,500 12 1 Ic 9 1,230,000 2032 2034 1,536,161 1,536,1111 11 R Rec Fad Iity Lawn Bowling Facility (San Joaquin Hills Park} 1974 1974 2,750 800 51 fA 9 2,200,000 2031 211N 2,747,499 2,747,499 12 R Fire FS 3- Santa Barbara 1971 1971 13,500 1,4a0 54 60 10 18,900,aaa 2032 2035 24,193,59E 24,193,59E 13 R Fire Lifeguard HQReplacement 198E 196s 3,000 900 37 50 13 2,700,000 2035 203E 3,721,920 3,721,920 15 R Rec Facility Cam mu nity Youth Ce niter(CYQ -Gra nt Howa Id 20418 198E s,6s8 850 17 30 13 4,809,300 2035 2038 k,529,673 6;629,673 10 R Fire FSE- Ma rine rs(I iv ing a rea re bu ild) 2C09 1957 3,000 1,400 1. 30 14 4,200,000 201. 2039 5,934,490 5,934,490 14 R Rec Fadlrty Carroll Be Ic Center 29141 1980 I,s00 1,000 15 30 15 1,s00,000 2037 2040 2,172,447 2,172,447 17 R Rec Fad Iity Cliff Drive Community Room 2C22 1960 7fi1 1,000 3 30 27 7fi1,000 2051 2052 1,4E2,27b 1,4E2,27b 16 R Rec Facility Bonita C me k Co m u n-ry Ctr. 2C 24 198E 2,276 as(] 1 30 29 2,444,G00 2051 2954 ',W2,640. 5,002,64E 18 R Fire FS4-gal boa Island 1994 1994 4,600 1,4❑❑ 31 60 29 6,440,❑❑❑ 2❑51 2❑54 13,178,864 13,178,864 19 R Fire FS2-NPt. toast 2i102 1995 7,000 1,4a0 23 fA 30 9,800,a0a 2052 2055 20,,556,162 2q,556,162 20 R Library Library -Central 2i113 1997 65,000 850 12 fA 32 55,250,000 2054 2057 221,757,571 221,757,571 2 R Rec Fadlrty NewportCoast Pickleball Court 2C 24 2024 28,700 AS 1 40 39 1,291,s0a 2062 2Ufi4 3,383,180 3,383,180 21 R Library Library -Mariners MUG 200fi 1s,300 850 19 fi0 41 11,478,750 26fi3 241136 31,591,706 31,591,706 22 R Fire FS7-SAH 2OC7 2007 11,D00 1,400 1E CC 42 15,400,000 20E4 2067 43,443,326 43,443,32fi 23 R Rec Fad Iity Newport Coast Com m u nity Ctr. 2007 2007 IE,900 E50 1s fi0 42 14,3fi5,000 20E4 2067 40,522,596 40,523,596 39 R Rec Fad Iity CDM Concessions/LG HQ 2007 2007 2,33E E50 1E CC 42 1,907,300 20E4 2067 5,69fi,IfA 5,69fi,IfA 24 R Rec Fad Iity Girls& Boys Cl u b(East B luff Parky 2019 1971 21,200 E50 E 50 44 10,030,000 20fifi 2069 2-3,726,995 29,726,995 25 R Rec Fad l ity OASIS Senior. Ctr. 2❑1❑ 2❑10 43,200 SS❑ 15 6❑ 45 36,720,000 2067 2070 111,551,80E 111,551,86E 26 R Gen Gov Civic Center 2d113 2013 122,1100 850 12 60 48 104,550,000 2070 2072 342,034,234 342,034,234 27 R Gen Gov Council Chambers 2i113 2013 5,600 850 12 fA 48 4,760,000 2070 2073 15,572,290 15,572,290 28 R Rec Facility Marina Park 2015 201s 24,390 850 10 fi❑ s2 20,731,s00 2074 2077 74,8fi3,77b 74,8fi3,77b 29 R Fire FS6- Mariners (apparatus bay on lyj 291E 1957 1,435 1,400 7 fi0 s3 2,010,400 2075 207E 7,441,275 7,441,275 30 R Fire/Library FS 5 a nd C DM Libra ry 2019 2019 10,300 1,400 E 0 54 14,420,000 207b 2079 54,70E,397 54,70E,397 31 R Pol-" An i ma She lter 2C22 1955 2,220 E50 3 CC 57 1,972,000 2079 2032 E,OS6,aa6 $,OSfi,EE6 32 R Fire FS 2- Fire Station No 2 2022 1952 11,600 1,400 3 60 57 16,240,❑❑❑ 2❑2❑ 2082 66,3SC,829 66,3sc,829 33 R Fire Newport J r. G ua rd B u ild ing 2024 2024 5,400 850 1 60 59 4,590,Oa0 2081 2084 19,702,473 19,702,473 1 R Library Library Lecture Hall 2C 25 2❑25 9,814 2,5❑❑ ❑ 60 60 24,535,❑❑❑ 2❑22 2085 107,948,841 1❑7,948,841 3d R Gen Gov Civic Ce mer Pa rking Struct u re (450 Stalls} 2013 2013 490 22,000 12 75 63 9,900,000 2085 208E 46;907,114 46,907,114 Tar 1, 399,339,890 Unfunded/Unapproved Potential Projects A M u n icpal 0 pe rations Utilities Yard/Admin Bldg 3970 1970 4,500 E50 55 CC 5 3,E 25,000 2027 2030 4,327,E26 4,327,E 36 B Municpal Opumtons Corporation Yard/Admin Bldg 1984 19E4 3,400 as(] Ill 60 19 2,890,000 2641 2044 4,620,0% 4,620,099 C Rec Fadlrty West NewportCommunity Center TEO TEO 11,000 S50 9,3se,❑❑❑ 9,3sc,❑00 9,3sc,❑00 Tota 1 12,297,735 TOTAL REPLACEMENT - 23,722,113 1,433,229,445 TOTAL NEW 7E,455,422 46,496,723 31,95E,699 TOTAL PRO]ECT COST 1,479,639,721 37,299,011 1,442,340,710 Major projects in the FFP near term include: • Balboa Library and Fire Station No. 1 • Expected funding shortfall of at least $5.8 million • City's share of the Pedestrian/Bicycle Bridge Project at PCH and Superior estimated at $7.2 million • City's share of aquatics complex at Lower Castaways Park estimated at $25 million • Assuming additional $25 million from private donations • McFadden Plaza/Newport Pier rehabilitation project and other projects not included in the FFP - costs unknown • FY 2024-25 Budget included $1.3 million General Fund contribution to the FFP to support future projects • City contributed additional $10.8 million to FFP in FY 2024-25 from prior year-end surplus • City has $15 million in unrestricted FFP reserves Q�EWPp�T n u � s c441FORN`P Redevelop Corona del Mar Villas frontage • Wall showing signs of wear, age and distress. Including removing trees and re -landscaping complete frontage. • $1 million construction cost • $120,000 design estimate Q�EWPp�T n u � s c441FORN`P Add Lights to the Newport Coast Pickleball Courts • Requested by HOA and Community • $1305000- $250,000 construction cost • +Annual operating costs Q�EWPORT n u � s c441FORN`P 49 Draft FY 2025=26 CIP Budget Community Desired Project Needs iz wl «' _ �? < P "., i c chi /� �5 ... � � • s' i Jq • � • � I • � ! ., r, ! L a, � '� �CrS�f �,.,,i ,•fir, �s � PRIVATE DEVELOPMENT UNDER NEW HOUSING AND LAND USE ELEMENTS il" 101 Wma : Eel I M 10 [CIE U an,-40 *- Entitled Housing *- RHNA Housing �`7 L1111101ImUr ' 1 • *- Entitled Housing *- RHNA Housing Q�EWPORT n u � s c441FORN`P 0 J:1014124 >� l e` —x � Entitled Housing 1,591 165 RHNA Housing 3,505 200 TOTAL 5,096 365 Q�EWPp�T n u � s CqG/FORN�P • Height amendment for Newport Center —March 20, 2025 • Specific plan for airport planning area (North Newport Specific Plan) cost approx. $750,000 • Inclusionary (affordable) ordinance review • Transfer of RHNA units between planning areas • Design standards for tall structures Q�EWPORT n u � s c441FORN`P • Next 9 years: 17 private development projects projected to generate $95 million in one-time revenue (impact fees or development agreements). $25 $20 U) o $15 $10 $5 $0 EEG 2025 2026 2027 2028 2029 2030 2031 2033 ■ Development Agreements Development Impact Fees 56 MAJOR INITIATIVES - PROJECTS Schedule Council approval to start Entitlement, Traffic Study, CEQA — October 2024 • Community Outreach Kickoff — February 2025 • CEQA Contract — March 2025 • Entitlement — Schematic Design, CEQA and CDP Approvals — Spring 2026 • Complete Final Design and Permits — Fall 2026 • Construction Begins — Winter 2026 • Grand Opening — Spring 2028 Cost • Construction: $47.1 million • Annual operating: $2.5 million *,w • Reviewing/rethinking public space, pier replacement, parking and circulation, business/public space interface. • Community discussion in Winter 2025/Spring 2026 • Cost TBD F-9 • Construction of new 60,000 square -foot police facility in Facility Finance Plan scheduled for 2033 • 1201 Dove Street • All -In cost: $96 million (today) Q�EWPORT n u � s c441FORN`P We • PMP primarily funded to maintain the Asphalt Pavement System Concrete Streets last 100+ years with little maintenance cost • Ocean Blvd Concrete Pavement Replacement Phase III - Carnation to Goldenrod Estimated Cost $4.4 million • Balboa Island Concrete Street Replacement (Entire Island) 5+ years working West to East across the Island Not included in pavement maintenance funding stream Rough estimate: $48+ Million Q�EWPp�T F�' Y u � i c441FORN`P 4 Nei%Wrt Heights Rig C anvbn HA7: Timeline: Summer 2025 - Balboa Peninsula Trolley with van shuttles April 2026 - Expected delivery of 5 new trolleys Summer 2026 - Begin new service with trolleys Winter 2026 - CdM/Balboa Island pilot Summer 2028 - Possible CdM/Balboa Island trolley route Cost: • 7-year OCTA grants Peninsula Trolley: $3.9 million summer weekends (2025-2031) Approved City share $641,000; OCTA grant share $3.3 million CdM/Balboa Island: $4.3 million summer weekends (2028-2034) Proposed 20/80: City share $860,000; OCTA grants $3.4 million MAJOR INITIATIVES - PROJECTS Additional Discussion FISCAL YEAR 2025-26 PLANNING SESSION February 1, 2025 City Council Planning Session