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File #: 20-0321    Version: 1
Type: Agenda Item Status: Approved
File created: 2/24/2020 In control: Board of Supervisors
On agenda: 3/10/2020 Final action: 3/10/2020
Title: Supervisor Parlin recommending the Board provide additional direction on the draft Public Facilities Financing Plan for the MC&FP Phase II which includes the following: 1) Provide the Board with a legal analysis of whether MC&FP funds can reimburse Tribe Funds and the General Fund if the MC&FP projects can be funded by other revenue sources; and 2) Provide the Board with an updated MC&FP Phase II - Public Financing Plan utilizing a list of currently committed projects. (Est. Time: 10 Min.)
Attachments: 1. A - Final Minutes 2-11-2020, 2. B - Draft Minutes 2-25-2020
Related files: 20-0125, 20-0530

Title

Supervisor Parlin recommending the Board provide additional direction on the draft Public Facilities Financing Plan for the MC&FP Phase II which includes the following:

1) Provide the Board with a legal analysis of whether MC&FP funds can reimburse Tribe Funds and the General Fund if the MC&FP projects can be funded by other revenue sources; and

2) Provide the Board with an updated MC&FP Phase II - Public Financing Plan utilizing a list of currently committed projects.  (Est. Time: 10 Min.)

Body

On February 11, 2020 (Item 22), the Board received a presentation on the draft Public Facilities Financing Plan for the MC&FP Phase II. The Board gave direction to staff which are reflected in the Minutes (Attachment A). The direction given was:

The Board gave direction to staff to:

1) Provide the Board with a growth rate analysis for the MC&FP area;

2) Provide the Board with a report on the original growth projections;

3) Provide the Board with a spreadsheet of all road improvement projects and their status;

4) Provide the Board with a spreadsheet of the projected vs. actual non-residential growth in the area; and

5) Provide the Board with an analysis of utilizing a bond to finance the remaining  MC&FP Phase I projects and Phase II projects instead of Traffic Impact Mitigation and County revenues.

 

On February 25., 2020, Supervisor Parlin Approved the Minutes for the February 11, 2020 Board meeting with the notation that additional direction would be provided to staff at the March 10, 2020 Board meeting.