TITLE
Recommendation to adopt a resolution making certain findings regarding certain public improvements to construct a mini-park at Plymouth Street and Elm Avenue using North Long Beach Redevelopment Project Area funds. (District 8)
DISCUSSION
On January 18, 2005, the City Council adopted a resolution authorizing the issuance of revenue bonds in the amount of $199,982,000, which included approximately $60,000,000 for redevelopment projects in the North Long Beach Project Area.
Additionally, the City Council approved a motion requiring that expenditures of bond proceeds for specific projects be brought before the City Council for approval.
The North Long Beach Strategic Guide for Development (Strategic Guide) has identified specific projects within the North Long Beach Redevelopment Project Area (Project Area) that will serve as catalysts for neighborhood revitalization. One of the major priorities identified by the community is the development of open space and community facilities in underserved neighborhoods within the Project Area.
A total of $2,000,000 of North Long Beach Project Area bond proceeds is required to leverage $1,990,000 appropriated from other non-General Fund funding sources, primarily state park grants and park impact fees, to support the following two open space projects:
Mini-park at Plymouth Street and Elm Avenue (District 8) - ($700,000)
The mini-park at Plymouth Street and Elm Avenue is a proposed open space development (Exhibit A). The 48,750-square foot site was purchased for $415,290 on March 15, 2002 and the Department of Parks, Recreation and Marine (PRM) identified non-agency funds for design and development of the proposed park. Between September 2002 and March 2005, PRM held public meetings to gather community input regarding park design. After overcoming various design obstacles, design plans were finalized in March 2005 (Exhibit B). Total construction costs are now estimated to be $1,288,238. Approximately $590,000 was p...
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