How Roseville plans to pay for new Town Square
Roseville officials say the city won't borrow any money to pay for the construction of the new Town Square, instead using funds saved during better economic times.
During Wednesday's meeting, the Roseville City Council voted unanimously in favor of transferring $4.47 million to cover the remaining cost of the total $8.25 million budget for the Town Square Capital Improvement Project.
That money comes from a combination of Strategic Improvement Funds, Traffic Mitigation Funds, Tree Mitigation Funds, a Prop 1B Public Grant and Sewer and Water Rehabilitation Funds. In March, the council approved a transfer of nearly $3.8 million from the Public Facilities Fund to the project.
City Treasurer Russ Branson said the project will use Strategic Improvement Funds to pay for road and utility work because redevelopment funds are no longer available. The California legislature dissolved redevelopment agencies earlier this year.
But Branson said redevelopment money was never part of the equation for the development of the Town Square.
"The construction of the Town Square itself was never intended to be funded out of redevelopment," Branson said, during the meeting. "We've always targeted public facilities fees. We see this as an extension of the Civic Center project."
The outdoor public gathering space will be located in the current parking lot for the Civic Center. Branson said previous planning makes the square possible, despite the city currently experiencing a structural deficit.
"This is really the fruits of what we did with setting this money aside so we'd have this flexibility to move forward with these really great projects during these more difficult times," he said.
The first phase of the downtown project includes construction of the Town Square and sewer, water, electric, roadway and streetscape improvements between the 100 and 400 blocks of the Vernon Street corridor.
The square should be complete by February 2013 and corresponding infrastructure improvements will likely be done by March of next year, according to city Developmental Analyst Bill Aiken.
Aiken previously told the Press Tribune that the construction will produce some traffic detours, but there will "always be options for getting through downtown." He said the city is working to ensure that customers will still be able to easily access shops and restaurants.
"I'm really excited to see this finally come to fruition. And hopefully they can get it done faster than in eight months. It'd be really nice if it was done before the end of November of this year," said Councilman John Allard, jokingly referring to how he'll be termed out of office later this year.
Here's a look at some other items approved during the May 16 council meeting:
Suspension of development impact fee adjustment: The city will once again suspend implementation of the inflationary adjustment to the development impact fee for an additional year. The city says the revenue loss will be balanced by the efforts to attract new investment and jobs. The annual adjustment is scheduled to resume July 1 at an estimated 2.3 percent increase.
Industrial Avenue overlay project: Beginning in July, the city will resurface Industrial Avenue from Washington Boulevard to the planned replacement project of the Pleasant Grove Creek Bridge using rubberized hot asphalt mix for an estimated $2.3 million.
Carnegie Museum improvement: The city is awarding a contract to PBM Construction, Inc. for $269,017 (with a 10 percent contingency) to install a wheelchair elevator on the outside of the building to comply with the Americans with Disabilities Act.
Wastewater treatment plant rehab: The city is seeking bids for the Pleasant Grove Wastewater Treatment Plant aerated grit basin rehabilitation project to fix concrete degradation with a total budget of $360,000. The city will fund $221,292 and South Placer Wastewater Authority regional partners will cover the rest.
Wastewater treatment plant notice of completion: The influent pump station replacement project at the Dry Creek plant was completed for $10.5 million. Roseville paid 61 percent of the cost, at $6.4 million, and South Placer Wastewater Authority regional partners covered the rest.
Adora subdivision agreement amendment: Adora Communities has another six months to complete its development, plus a discretionary six-month extension upon request. The developer sited economic conditions as the reason why the project hasn't been finished since the original subdivision agreement in 2008.
Purchase of truck: The city's Environmental Utilities maintenance division will purchase a 2012 Ford F350 pickup truck for a cost of $32,714 paid for by the Auto Replacement Fund.
Funding for Phase 1 Downtown Public Improvement Program
(includes Town Square and infrastructure improvements)
Strategic Improvement Fund: $2 million
Traffic Mitigation Fund: $150,000
Tree Mitigation Fund, Prop 1B Public Grant, Sewer and Water Rehab Fund: $2.3 million
Public Facilities Fund: $3.8 million
Total budget: $8.25 million
Sena Christian can be reached at email@example.com. Follow her on Twitter at SenaC_RsvPT.