Loading...
Enclaves/PP-CS 941007MEMORANDUM Date: October 7, 1994 To: ~g~ohnson, Finance Director Fro~~L. Sieb, Director of Planning and Community Services Subje4t': 'Consideration of Expenditure Out of $600,000 Fund Balance Designated for C.I.P. Alan, as I discussed with you briefly yesterday, a situation has recently arisen which prompts this memo of Fund Balance consideration. As you know, we have been through a rigorous exercise in rezoning several parcels of property in the City over the last several months, one being the old ABQ tract east of city hall. A continuing problem with development of that tract is the fact that the drainage area on its east and south border has never been recognized by the city or property owner for maintenance. Indeed, the area is currently owned by the RTC--whom we all recognize has not performed proper maintenance in the canal for at least as long as I have lived here--and from time to time city forces have taken it upon themselves to clean out the canal. I am now processing a preliminary plat for single family development on the 5.8 acre parcel adjacent to the canal and also negotiating with the RTC to transfer ownership of the canal itself to the city. We have an opportunity to capitalize on improving the canal (similar to the subdivision to the west with sidewalk, retaining walls, etc.), sharing cost of improvements with the developer, hence the reason for this memo. I request that the Finance Committee consider an expenditure not to exceed $40,000 to assist the city in correcting a long standing problem with drainage improvements in this canal. Specifically, the RTC is willing to transfer ownership of the canal area to the city. The developer adjacent to the canal is willing to pick up half the cost of building the retaining wall, will prepare the entire drainage site for construction of the retaining wall, provide the engineering drawings, put in the sidewalk we need to connect to Andrew Brown Park, and maintain the open space adjacent to his east and south property lines. The city would be responsible for our $40,000 construction contribution and maintenance of the east and south side of the canal. In my mind this is a "win-win" situation for everyone. The city resolves a long standing problem with drainage, an adjacent developer picks up the majority of engineering and construction cost, the citizens adjacent to the canal should be delighted to resolve a nuisance to the community, an eyesore becomes a pleasant walkway, and the city made it all happen! At any rate this is my request and I would appreciate you passing it on the Committee. I will be available to answer any questions or address any other issues you might feel need to be explored--just let me know. cc: Jim Witt