HomeMy WebLinkAbout2003-04-08 - AGENDA REPORTS - NEWHALL STREETSCAPE LOAN (4)Agenda Item:
CITY OF SANTA CLARITA
AGENDA REPORT
CONSENT CALENDAR City Manager Approv :
Item to be presented by: Mike Ha, land
DATE: April 8, 2003
SUBJECT: NEWHALL STREETSCAPE
DEPARTMENT: City Manager
RECOMMENDED ACTION
City Council adopt a Resolution approving a loan to the Santa Clarita Redevelopment Agency
in the amount of $50,000. Transfer $15,000 from Account No. 1900-8001 to Account No.
B2008901-8001.
The Newhall Redevelopment Committee has retained the services of Mainstreet Architects to
create the preliminary design plan for the San Fernando Road streetscape project. To date,
Mainstreet Architects has held three workshops with the Committee and has started work
on the streetscape plan at a cost of $15,000. At the February 3, 2003 Redevelopment
Committee meeting the Committee prioritized the streetscape plan as its top priority to
revitalize the downtown Newhall district. The funds will be used to complete a traffic and
parking plan and to complete the master plan that will designate the actual improvements
that are necessary, the estimated cost of the improvements and the project time line.
Completion of this plan is necessary to obtain funding for the project from such diverse
avenues as grants, CDBG funds, FEMA funds, City general funds and private funding in
public/private partnerships.
ALTERNATIVE ACTIONS
Alternative action would be to not fund the master plan for this project.
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FISCAL IMPACT
The anticipated cost associated with the completion of the San Fernando Road streetscape
master plan is $65,000. This action brings the total loan to the Santa Clarita Redevelopment
Agency to $3,487,000.
ATTACHMENTS
Promissory note
Resolution