MEETING DATE: 10/22/2019
DEPARTMENT: COUNTY ADMINISTRATION OFFICE
DEPT HEAD/DIRECTOR: Ray Espinosa
AGENDA ITEM PREPARER: Stewart Patri
SBC DEPT FILE NUMBER: 105
SUBJECT:
COUNTY ADMINISTRATION OFFICE - R. ESPINOSA
Authorize staff to re-purpose programmed funding for the Cienega Road Realignment project to the Cienega Road Maintenance division for general maintenance of Cienega Road; approve transfer of the balance of Cienega Road Realignment funds to Cienega Road Maintenance division and authorize the County Administrative Officer to transfer additional interest earned in the Cienega Road Realignment account in FY19/20.
SBC FILE NUMBER: 105
AGENDA SECTION:
CONSENT AGENDA
BACKGROUND/SUMMARY:
The Cienega Road Realignment division was created for the collection of developer fees and miscellaneous funding for capital projects to realign Cienega Road for increased safety and accessibility. Some of the funding that was deposited into this division included a $150,000 deposit from the State of California for mitigation impacts on Cienega Road related to the Hollister Hills State Vehicular Recreation Area. The additional funds were collected by developers for projects related to Cienega road.
On the October 8, 2019 board meeting, the Board of Supervisors directed staff to review the realignment funds and determine if the funding could be repurposed for other projects. It has been determined that if the funding is reprogrammed for use towards a Cienega Road maintenance or enhancement project that this would be an appropriate use of the funds.
The current balance of the funds as of October 16, 2019 is $857,790.67. County Administration staff are anticipating additional interest will be recognized over the first two quarters of fiscal year 2019/2020 increasing the total amount to be transferred.
BUDGETED:
Yes