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Home My WebLink About Park&RecPlanWorkshop M\e ~ q'lO"'~ Park and Recreation Facility Planning Workshop Special City Council Meeting p e ~ Presentation Outline L Workshop Objectives II. Overview of Possible Projects III. Projected Funding Sources IV. Options for Addressing Funding Shortfall V. Tax Revenue Options VI. Potential Facility Phasing Options VII. Facility General Fund Annual Operational Subsidy VIII. Potential Next Steps 1. Workshop Objectives Identify Actions Required To Complete Planning Process For: 1. Emerald Glen Park Recreation/Aquatic Center 2. Historic Park 2 II. Overview of Possible Projects Project Cost Estimates Historic Park Possible Expansion Preferred Option $25.4 m+ Green Store Assessed Value $.6 m Market Value Unknown Recreation/Aquatic Center Preferred Option Alternative #1 $39.1 ill $33.5 ill *Total $58.9 - $64.5 m+, +Total does not include all potentialco!'il<; aS~(lciated with land ~cquisition 2 Overview of Possible Projects Preferred Option for Recreation & Aquatic Complex Gymnasium (Olll: full~length court and two shorter courts) Fitness Center BabysittilJglTot Activity Room. Designed especially for toddler c1assesand birthday partH:s. Group Exercise Room with wood floors, mirrors, and sound system for aerobics. spinning, yoga, tai chi~ martial arts, etc. Dance Studio with wood floors, ballet bars. mirrors & sound system. Game Room with three to four attractions for use on a drop.in basis. Indoor six-lane pool for year-round lessons, ael'Obics~ warm water therapy & arthritis classes, events and rentals. QUtd()(JT Leisure Pf.)ol with play strucl.1lT1::s and slide mountain, Has "zero-dopth" beach entry. and a small lap swimming and lesson area. Outdoor Lazy River, liB-mile long, 12-fe:=el wide. Can he used for wall:<!" walking and resistance training, Outdoor Competitive Pool. 25~yardsx25-l1leters. Casual Activities Lounge off of the lobby. Special Events Room for birthday parties and private rentals. 4 Overview of Possible Projects Alternative 1 for Recreation! Aquatics Center Reduccs building sizc fmm 62.815sfto 54.820sf Reduces the water surface area from 25,800sfto 18,500sf Reduces t'ot'a! project' co,t' from $39,072,000 to $33,491.450 Reduce, e"imated funding shortfall from $21,964,755 to $16,383,805 The Casual Activitiel1 Lounge is reduced (rom I ,4006ftO 800sf. The Locker Rooms were reduced from 1 ,500sfto 1 ,250sf each_ The number of Family Changing Rooms was reduced from 4 to 3. Reduced thtJ size of the gymnasium from 12,O()Osfto] 1,240sf. Oeleted the Dance Studio_ The Leisure Pool, which features water play structures and slides. would be reduced from 8,000,fto 6,000,f. The Lazy River would be reduced from Jl8-mile 10 1/] 6-mile in length. The width of the river was reduced from 12-fee! to 8-feet. Rt:duced the number of concession sti:U1ds serving the outdoor pool area from two to onc. 5 3 . ,'I". Recreation Facility Financing Workshop Overview of Possible Projects Shortfall Historic Park $25.4 m + Recreation/Aquatic Center $33.5 - 39,1 m Less Planned Public Facility Fee Contribution ($17.1 ill) Subtotal $16.4 - $22 m + Shortfall Grand Total $41.8- $47.4 m +. Ill. Projected Funding Sources . Grants . Development Agreements . Public Facility Fees from lnfill Projects . Lin Community Park Land Donation . General Fund Projected Net Surplus . Summary of Restticted Uses on Available Funds . Funding Shortfall Summary '1 4 Recreation Facility Financing Workshop ..1, ...".1" Projected Funding Sources Grants MTC Grant $750,000 Can be nsed for Historic Park streets cape construction , Projected Funding Sources Development Agreements Braddock & Logan DA $2m Funding will be received Over 5-10 year period d"Pendent upon boild-out Braddock & Logan Affordable Housing $1 m Timing of paymenllo be delennined , 5 Projected Funding Sources Public Facility Fees From Infill Projects Community Park Land Community Park Improvements Community Buildings Quimby Act Total $4.1 m $2.4 m $1.6 m $1.0 m $9.1 m 10 Projected Funding Sources Fees available from Lin Community Park Land donation $2 million 11 6 Projected Funding Sources General Fund Projected Net Surplus FY 2004-05 FY 2005.06 FY 2006.07 Aetual Adjusted Budget Projected :1':lii;.ji';:,i,:'illlilii';:.lII!i:..'::il':.i":I'ii)llil(1'ir\lllll!lli~llijjlJlX):I:~1JII;Jj)f,'ii'$/liW,jlm~lW:llll:ll''I'q~~mttm0\ililllillllf-'il)',II':III\':i11 $43.588.156 $46,200,478 $47,187,768 42.396.366 47,895,390 49,689,898 $1,191,800 ($1,694,912) ($2,502,130) Revenue Expenditures Differenee Adjustments To/From Reserve Net Year End Available (334.211) 1,694,912 2,502.130 .:::I::,lm ...'.~~~~I~tI:I!L!I:mll:I::!IlIIII:llmll&iil:lmI.:lilmlii1ll~ii:l:li:li~~lm Does not illclude partial repaymellt of Fire Impact Fee Loan ]2 Projected Funding Sources Summary of Restricted Uses Historic Park only Recreation/Aquatic Center only Either Project Total Issues: Dependent upon development occurring through bulld-out. . Other Public Facility Fcc funded pl'Ojeets could be delayed. $10.2 m $0,0 $5.5 ill $15.7 m 13 7 Recreation Facility Financing Workshop Projected Funding Sources Projects that could be delayed as a result of using available Public Facility Fee funds: Fallon Sports Park Library Phase II 14 Projected Funding Sources Comparison of Park Acreage per Population Adopted Standard - 5 acres/1 ,000 FY 0;;-06 FY 06-07 FY 07-0S FY OS-09 "'Park Acres 164.74 166.74 171.74 171.74 PopulatIon 36.887 38,936 40,849 43,162 Standard 4.47 "c,e,1l 000 4.28 aeresllOOO 4.20 acresllOOO 3.98 acre,/IOOO "'Includes school parks 15 8 Projected Funding Sources Funding Shortfall Summary Total Facility Costs Less Planned Public Facility Fees Less Projected Funding Sources . Net Shortfall $58.9 - $64,5 m + ($17.1 m) {$15,7 m) $26,1- $31.7 m + " \. \.,' , IV. Options For Addressing Funding Shortfall . Debt Financing . Use City General Fund Reserves . Defer/Eliminate Capital Projects . Available Grant Funds . Camp Parks Development Agreement . Additional Options ]7 9 W',"""I,:."'. ,:1 "",<, Recreation Facility Financing Workshop Options For Addressing Funding Shortfall Debt Financing Project Costs (Jess public facility funds) $41.8 -$47.4 m + * Annual Debt Service Estimate $2,8-$3.2 m + Project Costs (Jess PFF and projected funding sources) $26. I - $31.7 ill + * Annual Debt Service Estimate $1.8 - $2.2 m + *30 year bond at 5.39% interest, ratc " ,,'\,,/.., ,',' \ ,\,\ I ",~~Cr-:~tion FacmtyFinanC:ng WorkshOP.~ Options For Addressing Funding Shortfall Historical General Fund Net Surplus 1982/1983 1983/1984 1984/1985 1985/1986 1986/1987 $1.9 ill $2.3 m $3.5 ill $4.5 ill $2.0m 1988 Dublin Civie Center Annual Debt Service S1.7 m 19 10 Recreation Facility Financing Works Options For Addressing Funding Shortfall General Fund Projected Net Surplus Revenue Expenditures Difference Adjustments To/From Reserve Net Year End Available FY 2004-05 FY 2005-06 FY 2006-07 Actual Adjusted Budget Projected j!':':~:'."I:i<<,ltl~(~i:':ill:,IIII,:I:I:,:IJ;II:j:.:,,.:j.:!!,lli:WI:0:~.llIIII~~:~,I:!:1:lil:i:IIIIIrr:.'5o/i:m:1 ')')II',:<\II::',::lillllli':i;;:'. ,~, '::",::,,:':i:I;11 $43,588.156 $46.200,478 $47,187,768 42,396,356 47,895,390 49,689.898 $1.191.800 ($1.694,912) ($2,502,130) (334,211) 1,694,912 2,502,130 "III'I"I'IIII'n;!j~;c;'tJiil!i!ffilll,"lim~W!'UlIIf,,"'r"r"'T"""',l,n",'II,1 1".'.Ili. ....... ~ All: I ,hh~~,MW!~mfii':,If:,1 :.1IJ(, Aiml ,~H If:HWid!iUilli,m9JiUil!il::'<:d::!i::::.,":ii::'::! ;:'::,\~g~i * Does not include partial repayment ofFirc Impact Fee Loan 20 Options For Addressing Funding Shortfall Use City General Fund Reserves 6/3012005 Undesignated Reserves Less amount used for Shannon Net Available Undesignated Reserves $33.4 ill ($2.2 ill) $31.2 m 6/30/2005 Designated Reserves: Economic Uncertainty Downtown/Open Space Affordahle Housing Net Available Designated Reserves $3.0m $1.9m $1.0m $5,9 m 21 II il" ,.,,',.,1'.< Recreation Facility Financing Workshop Options For Addressing Funding Shortfall Implications of Using Reserves FY 2006/2007 projected General Fund intercst revenue: $1.7 m FY 2006/2007 year end surplus ifundesignated reserves are depleted: ($1.3 m) 22 Recreation Facility Financing Workshop Options For Addressing Funding Shortfall Dcfer/Eliminate Capital Projects CIP Description Council Chamber Voting System Sidewalk Safety Repair Program Dou!;l'hsrty HillS Park - Oog Park Summer Concert Series Sanners Subtotal - Fiscal Year 2005-2006 Amount Fiscal Year 8,000 2005-06 66,200 2005.06 44,288 2005-06 17,335 200(;-06 $135,823 26,305 2006-07 40,000 :2006-07 65,720 2006-07 30,500 2006-07 542,554 2006.07 50,625 2006-07 3:2,630 2006-07 $78Bj234 " $924,057 Civic Center Generator GeographiC Informa.tion System Sidewalk Safety Repair Program BU5 Shelters Oougherty Hills Park - Dog Park $ta!;l'eoo:;:Jch P13rk AS5essment District Water Meter Dublin aOulevard - Raise CJ;ltCh 6S5in Gr~te5 Subtotal. Fiscal Year 2006-2007 Total 12 Options For Addressing Funding Shortfall Historical General Fund CIPS _ 6.00 '" g ~,oo :E 4.00 g 3.00 - g 2.00 o E 1.00 -0: Q...... ~').. ~~ ~tIo h ..so #' "'" "" ,g; r? <!I' 'V ,.<:r ,.<:r f' ,." f' Fiscal Year 24 Options For Addressing Funding Shortfall Apply for another Workforce Housing Grant Maximum Available $277,000 2S 13 Options For Addressing Funding Shortfall Pursue Additional Funds Through Long Term Development Agrccments Example: Camp Parks Require Conveyance to City of 4_2 acres of land f!'Om the Camp Parks development as part of a development agreement. Sell the 4.2 acres and use the proceed, for the possible projects. Issues: Timing Dependent upon Anny proceeding " Options For Addressing Funding Shortfall Additional Options Amount Revise Public Facility Fee Standards for Aquatics Unknown " 14 v. Tax Revenue Options · Property Tax Override - General Obligation (GO) Bond . Parcel (Excise) Tax - Certificates of Participation (COP) · Transactions and Use Tax · Hotel Occupancy Tax · Election Related Timing and Costs 28 Tax Revenue Options Special Tax: Requircs funds bc dedicated to a spccific purpose. Supermajority (2/3) voter approval required. General Tax: Cannot be earmarked for any partieular use, Howcver, a general tax can be accompanied by a non-binding advisory measure that directs how the proceeds from the tax should be spent. Simple Majority voter approval required. " 15 Tax Revenue Options Property Tax Override-General Obligation Bond - Addition to the 1 % ad valorem property tax - Assessed value of parcel would determine amount paid by property owner. - This would be a special tax requiring supermajority (2/3) voter approval. - Ternl of bond could be reduced over time based on growth and assessed valuation 30 Tax Revenue Options Property Tax Override - GO Bond Pl'Oject Costs (less public facility funds) Histonc Park Recreation/Aauatic Center Total Shortfall $25,4 rn $16,4 $22 m $41.8 - $47.4 m Annual Debt Service Estimate: $2.8 - $3.2 m Tax amount required for debt service: .047% - ,053% A V Examples: ill,.,iclYaJue $200,000 $(.00,000 $ 1 ,000,000 Annual Tax Amount ...._.___.._AIUtl '?refeTTf:d Ontioll 59) $106 $280 $31R $407 $530 " 16 Recreation Facility Financing Workshop I'. 'I' Tax Revenue Options Property Tax Override - GO Bond Project Costs (less public facility funds and projected funding sources) Combined Facility Cost Shortfall: $26.1 - $31.7 m Annual Dcbt Service Estimate: $ 1.8 - $2,2 m Tax amount required for debt service: .029% - ,035% A V Examples: A!;sessc=:d Value $200,000 $600,000 $1,000,000 Tax Amount Alt #1 Pn::ferred Option $58 $71 $184 $223 $292 $354 n Tax Revenue Options Parcel (Excise) Tax - Certificates of Participation - Flat tax per parcel based on potcntial use of City services or facilities - Rates would vary based on type of use, Recommend following model established in Publie Facility Fee Study distributing costs of eommunity parks among single family, multifamily, retail, office, industrial pareels aeeording to county use codes, - Could be proposed as gcneral or special tax. 3l 17 (\; , i., ~,':: I ' Recreation Facility Financing Workshop H "" ':'; Tax Revenue Options Pared (Exeise) Tax - COP Pl'Oject Costs (less public fadllty funds) His toric Park Recreation! Aauatic Centcr Total Shortfall $25.4 m + $16.4 - $22 m $41.8 - $47.4 m + Annual Debt SCl'Viee Estimate: $2.8 m - $3,2 m Tax amount required for debt scrvice: Residential (per unit) Sing,le Family: $196-$222 Multi-family: $12;1-$139 Commcrcia! (per 1,000 'q. ft.) }{etai1 $28.$32 OffiCe $54-$61 Ind\15tri~] $24-$27 )4 Tax Revenue Options Parcel (Exeise) Tax - COP Project Costs (less public facility fund, and prC\iected funding source,) . Combined Facility Cost Shortfall: $26.1 - $31,7 m -> Annual Debt Service Estimate: $ 1.8 - $2.2 m Tax amount required for debt service: Residential (per unit) Sin,gl~ Family: $123.$149 Multi-Family: $77-$93 Commercial (per 11000 ::;q, 11.,) l-t!:tail $18-$21 Office $34-$41 flloustrial SI5.$IB " 18 Tax Revenue Options Transactions and Use Tax (General or Special Tax) Increase sales tax by ,25% from 8,75% to 9.00% (must be jncrea.~(?d in .25% increments) Annual Revenue Generated Estimare 2006-2007: $3,7 m Atmual Debt Sel'Vice Estimate (Includes use ofplal'l'ned public facllity Fees): $2,8 - $3.2 m Exccss annual revenue", $900,000 - $500,000 Potential reduced sales volume resultingfrom higher sales tax rate has not been included in revenue estimate " Tax Revenue Options Hotel Transient Occupancy Tax (General or Special Tax) Increase TOT from 8% to 12% Estimated Additional Annual Revenue $350,000 This would nol he suJJidenl10 CQver th~ debt service for any a/the scenarios, however the revenue (:{)uld be Il_<;ed to cover the debt service associated with a $5.4 bOlid iSS'Iamce and fund Q portion of improvements for e.ither possible project. )7 19 Tax Revenue Options Election Related Timing and Costs: All four tax options would requlre voter approval Voter Opinion Research ." This could be llsed to ascertain what tax nlcasurc the community would ~UppOTt. Appl'Oximately 90 days to conduct V()t(:"T survey hy phone. - Cost: $15,000-$10,000 General Election Genel'al tax OJ' special tax rnCOlS\JfCS. - Next General El~ction: Nnv. 7,2006. - La!it date for COUTlcillu huld public hel.lrillg and call election fot' ballot measure: August 1,2006 - Cost: 110,000-$12,000 Special Election Speci<ll tllX measures only - Next l-'!:a~ible Special ElectiDn: June 6. 2006 Llst date [0[' Council to hold public heMing and call election tor ballot meaSure: March 10,2006 - CO!;lt: $17,000 ,111 VI. Potential Facility Phasing Options · Recreation/Aquatic Center . Historic Park . Development Timeline '" 20 Potential Facility Phasing Options Phase I Recreation & Aquatic Center 78.300 sf Recreation Qept'ir - Fitness Center - Group Exercise Room - Babysitting/Tot Activity Room - Lobby~ Casual Activities Lounge, Reception - Pool Concession - Administrative Offices - Reslrooms and Locker Rooms Aquatic Center - LeiSUTe Pool, Play Structures, Slides and Lazy River Estimated Cost: $19.5 m .0 Potential Facility Phasing Options Phase II Recreation & Aquatic Center 22,200 sfReereation Center Addition - Gymnasium - Donee Srndio - Game Room - Special Events Room - Juice Bar / Deli Estimated Cost: $11 m 4] 21 Recreation Facility Financing Workshop ,."!,,;,,, !\ '\!"'^,'i'"'j''' "".\ Potential Facility Phasing Options Phase III Recreation & Aquatic Center ACiuatie Center Addition - Natatorinm and Six-Lane Indoor Fitness Pool - Competitive Outdoor Pool Estimated Cost: $8.6 m 42 Potential Facility Phasing Options Phase I Historic Park AcquisitionITUl'f/lrrigationlStreet Improvements MTC Grant -. Street Improvements Total Cost $8,1 m+ ($.75 m) $7,35 ml 4.' 22 Recreation Facility Financing Workshop Potential Facility Phasing Options Phase II Historic Park Cultural Arts Center, uutdoor stage) picnic scating, Alarnilla Spring interactive wa~eT feature, ranch playground area, orchard lawn and reception areaj Amador Hotd pergola/entrance plaza and cemetery Total Phase II Cost $18.05m 44 Recreation Facility Financing Workshop ',' Potential Facility Phasing Option Summary Phase I Recreation/Aquatic Center $19.5 m Less Planned Public Facility Fees ($17.1 m) Net Shortfall $2.4 m Phase T Historic Park Less MTC Grant Net Shortfall *Total Net Shortfall Phase T $8,1 m + ($,75 m) $7.35 m $9.75 m + "'Shortfall could be satisfied through long~tcnn funding options previously identified sllch as Jnfill Public Facility Fees and 2004/2005 year end surplus 45 23 Potential Facility Phasing Option Timeline Phase I Recreation/Aquatic Center January 2006 InItIate Project June 2006 Completion of Parks & Reo Master Plan Update Completion of IlG Park Master Plan Update Complerion of Design/Plans & Specs Completion ofP'hase T Improvements June 2008 June 2010 Phase I Historic Park March 2006 Completion of Historic Park Master Plan CompletIon of SP for Donlon Way June 2006 Completion ofGPA (including CIlQA) Completion of Parks & Rec Master Plan Updak June 2007 Completion of Property Acquisition 46 June 2008 Completion of Phase Ilmprovements ":,, Recreation Facility Financing Workshop VII. Facility General Fund Annual Operational Subsidy Preferred Option Recreation! Aquatic Center estimate $600,000 Historic Park TBD " 24 Facility General Fund Annual Operational Subsidy Operational Deficit Funding Shift Project Management Costs from General Fund to Public Facility Fee Fund Annual ~avings to OF: $211,000 Eliminate PIQ Position Artnual Savings lD GF: $135.000 Eliminate TVCVB Contribution AllnU<ll Savings to GF: $56,000 Total Annual Savings to OF: $402,000 ""Net General Fund Subsidy: $198,000 *Approximately the ~a111C as Cllm~nt General Fund subsidy for the Dublin Swim Center 4' VIII. Potential Next Steps Rccrcation/Aquatic Center Options Proceed With Planning for: 1. Preferred Option .Shortfall $39,1 m $22m OR 2_ Altel'l1ative I 'Shortfall $33,5 m $16,4 m *Does not include projected funding sources 49 25 ~~ ,:':(,' .,' " '..' d " " "\ ' :. " " 'i.' , " ,\ Rec:rl!!.lItlon Facility FlnllnclngworkshoP,~~r' Potential Next Steps Recreation/Aquatic Center Possible Future FinancingIPlanning Options 1, Proceed with phased approach -shortfall $2.4 m a. Revise EG Park Master Plan and Park and Rec Master Plan b, Use lnfill development Public Facility Fees c, FundIng SOUl'ces of ftllllre phases 10 be identified al a later date d, Phase II and III would be constructed based on availability of futUl'e funding so Potential Next Steps Recreation/Aquatic Center Possible Future FinancingIPlanning Options 2. Proceed with constructing entire facility a. Revise EO Park and Park & Rec Master Plans b, Would requIre raising laxes 1. Hire Opinion Research/financial Consultant 2. Detennine type of lax 3. Condllel election 4. b,oe Bond 01' COPs c. Commence Design 51 26 Potential Next Steps Historic Park Options 1. Proceed with Historic Park full site scheme as part of GP & SP Study OR 2. Proceed with (1) above and add Green Store parcel to the Specific Plan Study " Potential Next Steps Historic Park Possible Future Financing/Planning Options 1. Proceed with planning process (GP, SP, Park & Rec Master Plan, Historic Park Master Plan). Timing of acquisition of property and park improvements will depend on availability of revenues. 53 27 ,I.."..., Recreation Facility Financing Worksho Potential Next Steps Historic Park Possible Future Financing/Planning Options (cant) 2, A Phased approach to development is possible: Cost $8,1111 I Lcss MTC Grant ($,75 m) Shortfall $7.35 m + a, Utilize Impact Pees from infill developmcnt ($6.49 Ill) and 2004/2005 ($.86 m) year end surplus to fund shorlfalL b. Future funding sources would need to be ldenlified to complele improvements shown in Draft Master Plan_ 54 Recreation Facility Financing Wo Potential Next Steps Historic Park Possible Future Financing/PJanning Options (cont) 3. Development of the entire sitc in accordance with Draft Master Plan a. Would require raising taxes including same steps identified for Recreation! Aquatic Center, b. Design would commence Once planning process was complete and funding somces seemed, 55 28 Recreation Facility Financing Workshop \' r ~' " Questions? Other Options? " 29