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HomeMy WebLinkAbout19 - Big Balboa Island AD 87CITY OF NEWPORT BEACH CITY COUNCIL STAFF REPORT Agenda Item No. 19 June 13, 2006 TO: Mayor and Members of the City Council FROM: Public Works Department Patrick Arciniega, Associate Engineer 949 - 644 -3311 or parciniega @city.newport- beach.ca.us SUBJECT: REQUEST FOR ADDITIONAL FUNDING FOR PROPOSED UNDERGROUND ASSESSMENT DISTRICT NO. 87 (BIG BALBOA ISLAND) DATION: Authorize a budget amendment (06BA -073) from General Fund Unappropriated Reserves in the amount of $31,800 to Assessment District No. 87, Account No. 74087- 9810 for electrical design. DISCUSSION: Property owners of Big Balboa Island submitted petitions to the City in 2003 requesting a special assessment district to be formed to finance the undergrounding of overhead utilities on the island. The resident petitions were certified for sufficiency by Harris & Associates on January 5, 2004. On November 25, 2003, City Council authorized an initial appropriation of $51,112 from the General Fund to Account No. 74087 -9810 as a deposit for an electrical design fee to Southern California Edison (SCE). Subsequently, SCE provided a total cost estimate to design the underground facilities and requested an additional $371,338 to complete the design work. City Council approved the request for additional funds on July 13, 2004. The plans call for the installation of new cobra head style lights which cannot be located in the public right -of -way due to the limited width (10') of the alley. Therefore, private property easements are required to be granted to SCE, who will own and maintain the lights. To prepare easement documents for the 55 properties, an additional $31,800 is required. These additional monies, along with previous appropriations, will be recovered by the City upon the formation of the assessment district and the sale of bonds. However, funds cannot be recovered if the district fails to be formed. SCE has completed the design of Balboa Island with the exception of the alley light easements. The phone and cable companies are currently working on the design for their facilities and are expected to be completed by March 2007. The boundaries of the proposed District are shown on the attached Exhibit "A ". Request for Funding for Proposed Underground Assessment District No. 87 (Big Balboa Island) June 13, 2006 Page 2 Environmental Review: This project qualifies for a Class 2 California Environmental Quality Act (CEQA) exemption under Section 15302, item "d" of the Implementing Guidelines as follows: "Conversion of overhead electric utility distribution system facilities to underground including connection to existing overhead electric utility distribution lines where the surface is restored to the condition existing prior to the undergrounding." Public Notice: Not Applicable at this time. Funding Availability: Upon approval of the recommended Budget Amendment, sufficient funds will be available in the following account: Account Description SCE Design Fee Prepared by: Patrick Arciniega Associate Engineer Account No. Amount 74087 -9810 $31,800.00 Submitted by: Attachments: Exhibit "A ", Boundary Map of Proposed District SCE Invoice Budget Amendment Badum s Director . Q � � w A A o H v'W x A � w a x 1 SOUTHERN CALIFORNIA EDISON� An EDISON fNTERNAT(ONALM Company SALES INVOICE NAME: PROJECT LOCATION PLEASE MAIL PAYMENT TO: PROJECT DESCRIPTION CITY OF NEWPORT BEACH BALBOA ISLAND NEWPORT BEACH, CA May 17, 2DO6 SOUTHERN CALIFORNIA EDISON CO. ATTN: JENNIFER MCALL 7333 BOLSA WESTMINSTER, CA 92683 AD87 -ST LIGHT EASEMENTS All prices are applicable for a period of 90 days from this date and are subject to change thereafter. CUSTOMER INVOICE INFORMATION Amount To Be Paid By $ Applicant To SCE TOTAL = $ NON - REFUNDABLE Miscellaneous: $ 31,800.00 TOTAL = $ 31,800.00 PLEASE PAY THIS AMOUNT $ 31,800.00 7333 Bolsa Ave. Westminster, CA 92683 SCE ACCOUNTING Cust Adv Non -Ref- No ITCC 142.110 = $ 31,800.00 Cust Adv Non- Ref - ITCC /Non -Ref 142.130 = $ - Cust Adv for Const - ITCC/Ref 252.130 = $ ITCC Cust Adv[Non -Ref 253.930 = $ ITCC Cust Adv /Ref 253.931 = $ TOTAL $ 31,800.00 SCE PROJECT NUMBER: 6633 -7167 47103 C.W.O.# C.J.O.# Name: CITY OF NEWPORT BEACH Prj Loc: BALBOA ISLAND NEWPORT BEACH, CA City of Newport Beach BUDGET AMENDMENT 2005 -06 EFFECT ON BUDGETARY FUND BALANCE: Increase Revenue Estimates X Increase Expenditure Appropriations AND Transfer Budget Appropriations SOURCE: from existing budget appropriations from additional estimated revenues PX from unappropriated fund balance EXPLANATION: This budget amendment is requested to provide for the following: NO. BA- 06BA -073 AMOUNT: 531,800.00 Increase in Budgetary Fund Balance X Decrease in Budgetary Fund Balance No effect on Budgetary Fund Balance To increase expenditure appropriations to Assessment District No. 87 for electrical design. ACCOUNTING ENTRY: BUDGETARY FUND BALANCE Amount Fund Account Description Debit Credit 010 3605 General Fund - Fund Balance $31,800.00 REVENUE ESTIMATES (3601) Fund /Division Account Description 4087 6000 AD #87 - Balboa Island/Transfer In $31,800.00 EXPENDITURE APPROPRIATIONS (3603) Signed: / Gi t✓i�� _ Financia pproval: Administrativ Services Director Date Signed: �, I ee O i