HomeMy WebLinkAbout10/17/2023 Item 6c, Avakian - Staff Agenda CorrespondenceCity of San Luis Obispo, Council Memorandum
City of San Luis Obispo
Council Agenda Correspondence
DATE: October 17, 2023
TO: Mayor and Council
FROM: Greg Avakian, Parks & Recreation Director
Shelsie Moore, Supervising Civil Engineer
Hai Nguyen, Senior Engineer
VIA: Derek Johnson, City Manager
SUBJECT: ITEM 6C. AUTHORIZATION TO ADVERTISE MITCHELL PARK
REVITALIZATION PROJECT (SPEC. NO. 2000188)
In support of the Council Agenda Report for the Mitchell Park Revitalization project,
Staff have provided additional clarification regarding the funding request.
Staff would like to provide additional clarification on the recommended appropriation of
$50,000 from the Quimby Fund. The report noted a Quimby fund balance of
approximately $3.14 Million. Other Quimby funds have already been appropriated to
projects as shown in the below table. The current unappropriated fund balance is
$58,757. At the time of this agenda correspondence, with the requested appropriation of
$50,000 in additional funding for Mitchell Park, only $8,757 in unrestricted Quimby funding
remains.
Current Quimby Fund $ 3,143,782
Appropriated CIP Funding
San Luis Ranch In-Lieu Fees Collected to Date:
(Associated for Laguna Lake Park Projects - #2000057) $ (1,696,831)
N. Broad Street Neighborhood Park (#2091683) $ (1,364,474)
Mitchell Park Revitalization Project Improvements
(#2000108)
(Currently Appropriated) $ (23,720)
Current Unappropriated Quimby Fund Balance $ 58,757
Mitchell Park Revitalization Project Improvements
(Additional Requested Funding) $ (50,000)
Total Undesignated Quimby Fund Balance $ 8,757