sr-050675-11a~r
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Santa Monica, California, April 16, 1975
To: Mayor and City Council
From: City Staff
Subject: Funding Virginia Avenue Park
Introduction•
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This report covers the relationship"of costs to funds-for the development
of Virginia Avenue Park.
Background•
The staff in a report to the City Council dated December 18, 1974,
recommended specific methodsfor_finaneing the development of_Virginia -
Avenue-Park:-- One-of-these methods--was-the -use-of $75;000--from--the:-:Park--• -
and Recreation Facilities Tax. Fund in fiscal year-1975-76.- The Recreation
and Parks Commission has subsequentlq informed the-City Council by written
communication that they would rather=not have the'.$75,000-allocated-from
the Park and Recreation Facilities Tax .Fund.
The"Capital-:Outlay=Fund (Capital Improvement. Fund} may .be used for a~
capital outlay deemed appropriate-_by_ he-Council--The-:.Park.-and_Recreation
Facilities Tax Fund may be used only to finance additional public park
facilities. .Section 6671 of-the Santa Monica Municipal-Code reads in
part '-'........Park and. Recreation Facilities. Fund and shall be used _solely_
for the acquisition, improvement and expansion of the public park, play-
ground andJor recreation-facilities."
Whie'it is possible to spend the subject $75,060 from the~apital-Out-1a~-
Fund it follows that-it would be more logical. to-spend the $75,000 from a
fund specifically designed-for this.-purpose. Further, the=requested-amount
is available from this fund.
The Recreation and Par?~c commission also recommends the establishment
of another special fund to be used specifically for the acquisition of
new park property.
The existing Park and Recreation Facilities Tax. Fund serves this function.
A new_fund would be redundant and is not necessary to meet the intent
and purpose of the Council when they established the Park and Recreation
Facilities Tax Fund.
Alternatives•
1. Return the. $75,000 to the Capital Improvement Fund.
2.- Establish-a second park-acquisition fund. _.
3.' Change-the method--of financing the=existing Park and Recreation
Facilities:-Tax away-from::growth factors-and_,establish-a percentage
figure on the tax rate for park acquisition only.
4.`.Retain_existing fiunding of Park and.Recreation_Facilities Tax Fund
and expenditure pattern.
Recommendations :-
Adopt recommendation ~k4-for-~7izginia-Avenue-Park-funding and-also not --
establish-a second fund for=park-acquisition...
Prepared-by: Donald-T. Arnett