sr-030475-11dSanta Monica, California ,~'ebxuary,,25,_1975
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To: Mayor and City Council - ~~ ~ _ ,_
From: City Staff ~ ~~~f ~ __
4 i ~~
;~,~ Subject: Funding Virginia Avenue Park .i'r
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~` lntroductir~n _ _ _ _, ,
This repor~ covers the relationship of costs-to funds for the development -
or" Virgi^~_:~ :venue Park.
Back~rou_
'i'txe staf~ _, ,. repo:: _.,: the City Council dated December 18, 1974,
recommcn' ~ ~ rir.- _ ,-d.s for fixxancing the development of Virginia
Avenue Pa - _~~~ r;, ,_ methods was the use of $37,000 from the Park
and Recce ,_-. ac'_. "'ax Fund this year. The Recreation and Parlcs
Ca~r,Tissic "_ - ~ informed the City Council by written communi-
cation t= --, -'?er have the $37,000 allocated from the Capital
I^?provem_ "___~. -. wished to have the $37,000 returned to the
.ark and -,__~~__ _ties Tax Fund.
I"ae Capital outlay .~ _-~ °;Capital Improvement Fund) may be used for any
capital outlay d~e~~~e_ ~1:~3~~-opriate-by the-Council, The Park .and Recreation
Facilities Tax Fund Tway be used only for providing additional revenues
with which to finance additional public .park facilities. Section bb71
of the Santa Monica Municipal Code reads in part "....Park and Recreation
Facilities Fund and sha11 be used solely for the acquisition, improvement
and expansion of-the public-park, playground and(or recreation facilities."
~,~^ile it is possible to spend the subject $37,000 frem the Capital Outlay:
Fund it follows that it :~JOUld be more logical to spend the $37,000 from a
fund specifically designed for this purpose.. Further, the requested amount
is available from-this fund..
Reco~ ~nendation:
The Council accept the staff's recommendation to partially fund ($37,000)
the Virginia Avenue Park development from the Park and Recreation Facilities
Tax Fund.
Prepared ~;cmai,i '~ , zrnett