HomeMy WebLinkAboutPCDC Minutes 10/02/1979PETALUMA CO',MNITY DEVELOPMENT CO IMISSION
October 2, 1979
FR"' -"M1'. Helen Issel, Interim Chairman Project Aria Committee
A. Octcber 2 meeting: Bob Lipman, Chairman of the Parking and Business
Improvment Area Committee, was guest speaker.
Discussed their ideas for improved parking and
the relationship between PBIA and PAC
B. Revised PCDC Budget: item operating expenses was inadvertently omitted
(see attached corrected Financial Statement)
C. Suggested Tree Planting Program as a segment of the beautification of
the area.
a) Phase I -- 31 trees 4160.00 ea. $4960.00
b) Phase II III -- approx 44 trees
Supportive material: 1. signed proposal and contract with
Hillside Nursery for removal of cement,
reconditing of soil, planting of 15
gallon Miyoporum leatum standard tree,
stake, and mortar cobblestones or water
washed rock for $160.00 ea.
2. Signed letters from the following requesting
willingness to participate in program with
the city because of their property improvement.
1. Hardisty's (Kenneth Kopp)
2. Neilsen Building(Anna Keyes Neilsen)
3. Boutz TV (F..E.Boutz)
4. Andresen's Tavern (Hazel Andresen)
5. Phoenix Theatre
PAC supports this tree planting progra� .-&: a major element in the
beautification of the core area and we recommend that the PCDC adopt
a resolution approving the program.
CORRECTED FINANCIAL STATEMENT OF PETALUMA COP1119UNITY DEVELOPMENT FUNDS *
10/2/79
I. Authorized Funds (Loan from the City of Petaluma)
For acquisition and development of Parking lots 5340,000.00
Less: Keller Street Parking Lot
(engineering, acquisition of land and
construction) 126,831.00
Balance of Authorized Fund 5213,169.00
II Increment Funds (Property Taxes)
Received 1977-78
15162,585.00
Received 1978-79
73,000.00
Projected receivable
68,000.00
Total Increment Funds
53031585.00
Less: (Committed or expanded)
Service on Loan, .1977-78
$35,000.00
Service on Loan, 1976-79
357000.00
Service on Loan, 1979-80
35,000.00
Operating Expenses, 1977-78
14,868.00
Operating Expenses, 1978-79
16,392.00
Operating Expenses, 1979-80
13,757.00
Projects:
Storm Drain "C" Street
42,000.00
(Total Cost 560,000 -City paid
1718,0001
McNear/Center Park
35,000.00
(Est. trees, etc. $7,700; Urban
furniture 53,700; no est. for
.lighting)
Old Opera House
3,500.00
Mahoney Parking Lot
10,000.00
Golden Concourse
20,50D.00
Total Committed or Expended
5226,017.00
Balance of Increment Funds
5 77,568.00
III Summary of PCDC Funds
Authorized Funds ,213,169.00
Increment Funds 77,568.00
Total 5290,737.00
* These figures are approximate.as the exact amounts have not been verified
Helen Issel
Chairman, PAC