FISCAL YEAR 2025-26
PLANNING SESSION
February 1, 2025
City Council Planning Session
• Financial Update
• Major Initiatives — Services
• Status of Major Capital Improvement Projects
• Development of FY 2025-26 CI P Budget
• Private Development Under New Housing & Land Use Elements • Major Initiatives — Projects
� SEW PAR
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FINANCIAL UPDATE
GENERAL FUND REVENUES
Transient
cupancy
$33.7M
10%
Other Revenues
Sales Tax $71.0M
$48.3M 21 %
15%
Property Tax
$158.3M
48%
��1
Operating Transfers
$21.6M
• City's largest revenue source.
• Projected to increase by $6 million (4%) due to:
• Increase in assessed values related to Proposition 13 inflationary adjustment • Changes in ownership and new construction.
$1 70
$150
2 $130
$110
$90
Q�EWPp�T
n
u � s
CqG/FORN�P
+7.7
+4.3%
+6.6% $128
$123
$116
2019-20 2020-21 2021-22
Actual Actual Actual
+4.2%
+5.6% .—
$146
$138
2022-23 2023-24
Actual Actual
+4.0%
$158
$152
2024-25 2025-26
Projected Projected
• Newport Beach receives 17% of 1 % property tax
collected.
• Each city's percentage of the 1 % varies.
• Newport Beach has County's V highest city -share of
the 1 % behind Santa Ana and Laguna Beach.
• This higher share, plus higher assessed values than
many surrounding cities, contributes significantly to
the City's fiscal stability.
• The City's assessed valuation is the second largest in Orange County, behind Irvine.
• Citywide assessed values are projected to reach $83
billion in FY 2025-26.
■ City of Newport Beach
■ Schools
■ County of Orange
■ Special Districts
Property Tax Revenue by Category
■ Residential ■ Commercial Other ■ Unsecured
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SINGLE-FAMILY
HOMESDETACHED
SALES
PRICE
HISTORYMEDIAN
YEAR
SALES
MEDIAN PRICE
CHANGE %
2020
1,143
$2,595,000
6.57%
2021
1,414
$3,200,000
23.31 %
2022
833
$3,736,500
16.77%
2023
689
$3,845,000
2.90%
2024
650
$3,976,000
3.41 %
$4,000,000
$3,500,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
MEDIAN PRICE
`LO,�) (Lo'�' 0 tib N;b tib�o ry��� "1 1", I'll
• Second largest revenue source.
• Projected to increase by $3 million (6.9%), primarily due to:
• Anticipated growth in autos and transportation.
• County pool.
$50
$45
.a $40 +7.5%
$35 $36
$30
Q�EWPp�T
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+18.5
$39
+0.8% +6.9%
<7PO//(o + �4. 1 $47 �0/6
45 $43
2019-20 2020-21 2021-22
Actual Actual Actual
2022-23 2023-24 2024-25 2025-26
Actual Actual Projected Projected
$14
$12
=$10
0 $8
$6
$4
$2
$0
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Fiscal Years 2023/24, 2024/25 & 2025/26
$13.2
23/24 24/25 25/26
Autos &
Transportation
$10.4$10.8
23/24 24/25 25/26
Restaurants &
Hotels
$9.0
$8.6
23/24 24/25 25/26
General Consumer
Goods
$7.9
$6.7 $7.2
23/24 24/25 25/26
State & County
Pools
Third largest revenue source.
• Projected to increase by $1 million, or 3.2%.
• Net of payments to Visit Newport Beach.
• Increase is driven by:
• Anticipated growth in TOT receipts from hotels and short-term rentals. • Decrease in payments to VNB.
$35
$30
+2.8% +3.2%
+5.1 % $34
+13.2% $32 $33
$30
C $25 +58.0%27
0 � $20
$21 \
-19.0%
$15 $17
�EWP0 $10
2019-20 2020-21 2021-22
u � s
Actual Actual Actual
CqG/FORNP
2022-23 2023-24 2024-25 2025-26
Actual Actual Projected Projected
$40
$35
$30
$25
$20
$15
$10
$25.6
Commercial Vs. Residential Transient Occupancy Tax Revenue $20.1
$26.7
$24.3
$29.2
$29.5
$30.1
$14.2
$10.0 $9.5 $10.3 1$10.5
$8.2
$5 do n I I I 1 1
$4.5
$5.1 $6.3
$0
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 �EWP0 0 Commercial (Hotel) TOT Revenue ■ Residential (Short -Term Rental) TOT Revenue n
u � s
CqG/FOFL
0 $340
$320
$300
$280
$260
Hictnrir_al
+2.9% $322
+4.2% $313
+6.3% $300
$283
2022-23 2023-24
Actual Actual
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2024-25 2025-26
Projected Starting
Fiscal Year 2025-26
12 Utilities, 1.9% Capital Transfers ,
10.1 %
nnarn inrr
Recreation & Senic
Services, 5.1 %
Community
Development, 5.4%
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Miscellaneous
Expenditures,
0.7%
y Council,
0.3%
City Clerk, 0.4%
ttorney, 0.8%
y Manager, 2.3%
Human
Resources,
1.2%
Finance, 3.3%
13 Cs] IL •I
FY 2025-26 budget is under development.
Preliminary General Fund operating expenditures starting with $9 million (2.9%) increase for baseline:
$2 million for employee wages and benefits
$2 million for operating costs
$5 million for capital expenditures.
Cost adjustments for specific services and program enhancement requests are under evaluation and not yet reflected in expenditure outlook.
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Cam.
Staff recommends General Fund capital funding be maintained as shown due to:
• Inflationary impacts
• Significant upcoming projects
• Addressing long-term capital needs.
Q�EWPp�T
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CqG/FORN�P
General Fund Capital Improvement Fund
Tidelands Capital Fund (HBMP)
Facilities Financing Plan Fund
Facilities Maintenance Fund
Park Maintenance Fund
$6.5 M $ 6.5 M
$5.8 M $ 6.0 M
$9.9 M $15.3 M
$2.5 M $ 2.5 M
2.3 M 2.3 M
Capital Funding in Original Budget $27.0 M $32.6 M
FY 2023-24 Year -End Surplus Funds $10.8 M $ -
Total Capital Funding $37.8 M $32.6 M
• Revisited annually.
• FY 2024-25 budget included $45 million to pay down pension liability. • Baseline allocation of $40 million
• Discretionary contribution of $5 million from projected General Fund surplus at budget adoption
• Continued commitment of $45 million eliminates pension liability in 8 years • Assuming CaIPERS meets investment earnings expectations • Liability anticipated to be eliminated by 2033
• FY 2025-26 budget includes baseline allocation of $40 million. • Additional $5 million discretionary contribution can be funded at budget adoption or from year-end surplus.
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MAJOR INITIATIVES - SERVICES
Crime Information Center (CIC)
• Operational January 14, 2025
• 3 civilian investigators
• Fusus
Flock License Plate Readers (LPR)
• 69 cameras installed
HOAs and private partnerships
• Success stories
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18 • Quality of Life Team
• Additional officers assigned as Homeless Liaison Officers (HLOs)
• 4 HLOs, 3 bicycle officers, 1 sergeant
• Coverage 7 days a week, 9 a.m. to midnight
• New Municipal Codes
• Results:
• January 2024 Point in Time Count: 71
• November 2024 PATH Census: 11
• Additional Support:
• New City Prosecutor position
• Proposed budget amendment to City Council
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Drone Program
• Research conducted into top drone companies
• Proactive patrols to affected areas
• Can act as first responders
• 5 drones pre -positioned to bases throughout the City • Backpack drones for specific operations
• Contract anticipated for Council review February 25
• Equipment deployed within 90 days after contract
completion
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20 4 New Full -Time Positions Created:
• Vendor enforcement (1)
• Commercial use in residential zones (1)
• Refuse enforcement (2)
Program Changes
• Purchased ATV and trailer for beach enforcement
• Refuse enforcement transitioned from Public Works to Community Development
• Proactive inspection program for commercial uses in residential zones Q�EWPORT
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EACH VENDO
i
NFORCEMENT
, mm
Y
A
_ 4x
Vto"ate _
"tom "' a
S
k low
• All 1,550 short term lodging units
'
inspected over a two-year period.
• 172 inspection completed since
November 2024.
Smoke/Carbon detectors
Refuse — 3 Containers
47 • Inspections include:
Required postings
2 In
• Health and safety
Peeling paint/Wood rot
21 • Unpermitted construction
Address visible
• Property maintenance
• Parking
Heating
9 Property maintenance
8 • Compliance with all conditions of
NBMC 5.95.045
Unpermitted construction
8 Square footage/occupancy
4 Pool safety
2 PO�T
Electrical Hazard
2 Parking
1 u � s
CqG/FOFL
Total 194
•
Calendar year 2024:
• 40 permits issued from waitlist
• 2
notices
of intent
to
revoke issued (1
overturned)
• 4
notices
of intent
to
suspend issued
(1 overturned)
• 25 permits closed at request of owner
• 10 permits closed and not reinstated
• No TOT reported for 2 years
• 19 permits abandoned
• 1,496 active permits as of January 1, 2025
• 688 properties on waitlist
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Hardship appeal process:
• October 8 City Council meeting discussion on
potential appeal process for revoked permits.
• Council members requested matter be brought back
for further discussion at the City Council Planning
Session
Q�EWPp�T
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C4/ /FOFL
• Refuse enforcement program
transitioned to Community
Development on July 1
• 2 full-time officers dedicated to
refuse enforcement related to
State mandates
• Increase:
• 262 cases to 2,352 cases
(over same time period
previous year)
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7/1 /24 to 1 /15/25
616
102
Refuse (Storage, maintenance)
SB 1383 (3 Waste stream system) • •
Unfranchised hauler •
Total Cases
SB1383 STATE MANDATED
3-CART WASTE STREAM
711/24-1/15125
SB13831EXHIBIT E CASES 1401
COMPLIANT 1183
84%
FY24-25 GOALS
• Require short term lodging unit(s) during
inspection to meet compliance
• 2500 Cases with a compliance rate of 90%
• Implement residential enforcement
tr�aq p�rMK ��{Iy]�
• 8 officers in Code Enforcement
• Serve the public 7 days a week
• 24/7 short term lodging hotline
operates at City Hall during summer
season for higher level of customer
service.
• Code Enforcement is expected to
handle approximately 10,000 cases
in 2025
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2s
• Review of department proposals underway
• Areas of focus /increasing service level demands:
• Cybersecurity
• Facilities maintenance
• Real estate management
*Building inspection services
•Overtime
• Contract services
• Supplies
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29 STATUS OF MAJOR CAPITAL IMPROVEMENT
PROJECTS
Witte Lecture Hall
• for • to • •,�
r-
UUD 113 - West End Balboa Island
Agate Avenue to the West
• About 1 month of construction remaining (alley reconstruction) UUD 124 - Remainder of Big Balboa Island
Phase 1: Almost complete; working on alley restoration
o Phase 2: Under construction; finishing conduit installation o Phase 3: Starting construction; February 2025
o Entire island to be completed in 2028
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• City partnering with US Army Corps of Engineers
• Permitting and project bidding underway
• Port of Long Beach disposal site
• Construction expected to begin Spring 2025
• Approximately $23 million project cost
Project Funding in Place
• $13 million Federal
• $10 million City Tidelands Funds
Q��WPO�T
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Q�EWPORT
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New Library and Fire Station:
• $18M estimated cost
• Bid and award: Spring/Summer
2025
• Construction: Begins Fall 2025
• Estimated Completion:
Spring/Summer 2027
Temporary Fire Station:
• $375,000 estimated cost
• Plan, permit, bid: Winter/Spring
2025
• Construction: Spring/Summer
2025
• Move staff and equipment: late
Summer 2025
Fleet Fueling Challenges:
CNG filling station location creates circulation and security issues
• Requires 24/7 access
• Public and City contractors use 88% of fuel
• City has 19 CNG vehicles
• High demand causing congestion at Corp Yard entry and long re -pressurization times
• Agreement with Clean Energy for O&M expires 2028
(extended in 2023)
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Existing underground unleaded tank permit expires 2025
• Unleaded tank next to CNG pumps
• Removal will impact CNG fueling
Future electric vehicle regulations unknown
• State order issued September 2020 sets goals for zero emissions vehicles
• 100% of all in -state passenger car and truck sales by 2035 • 50% of all medium and heavy-duty vehicles by 2025; 100% by 2045 Fueling Reconstruction Project Relocates Unleaded and Adds Slow Fill CNG
• Relieves congestion, decrease City fleet fueling times, maintains compliance
• Estimated cost $6.5M (does not include any electrification)
• New Balboa Island drainage system
• Replace manual valves with automated pump system
• 6-7 smaller storm water pump stations
• Connect to a system of underground drain pipes
• First 2 pump stations under design
• Construction estimated to start Spring 2026
• $7 million estimated cost for this phase
• $35 million estimated cost for remainder of island
MacArthur Blvd. Pavement Rehabilitation Campus Drive to Jamboree Road
• Install landscaped medians
• Add City monument sign
• Rehabilitate traffic signals
• Repave roadway
• Add on -street bike lanes
• Estimated cost: $6.5M
• Construction: January 2026 to July 2026 o
ci rr or
�EWPp�T �w NEWPORT � y
BEACH a:>
CqG/FORNrP
1 S0
1504 8
A
A�J .
111 Ai
Q�EWPORT
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f
• Original structure built in 1961, major rehabs in
1987 and 2001
• Currently budgeted, in concept development
• $2.8 million estimated cost
Ah
• PB&R Commission community public hearings on concept design — Winter/early Spring 2025
• City Council community public hearings on concept design and concept design approval — Spring 2025
• Design and permitting complete late 2025
• Construction Spring 2026 - Early 2027
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40 • Critical intersection
• City and OCTA working on improving capacity and
pedestrian/cyclist movements
• Sunset Bridge was first step
• Next: Add vehicle lane
improvements, take
pedestrians and cyclists out
of intersection
• Requires another bridge
over PCH
Q�EWPp�T
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CqG/FOFL
Development of the FY 2025-26
CIP Budget
42 How projects are selected for CIP:
• Included in City Master Plans:
• Pavement Management Plan
• Harbor & Beaches Master Plan
• Facilities Financing Plan
• Bicycle Master Plan
• Water Master Plan
• Sewer Master Plan
• Identified by City Council, community, staff
• Developed to support Council goals, objectives, priorities �EWPO�T • Required by Federal, State law or legal action n
u � s
CqG/FORNP
43 • General Fund
— City general use funds
— City special directed funds
• Tidelands Funds
• Roadway/Transportation Directed Funds
— State gas tax
— County Measure M
— Roadway maintenance and repair funds (SB1)
— City transportation and circulation impact fee
• Matching grants and contributions (Federal, State, local private) • Special directed use funds
— Environmental liability fee (City commercial refuse franchises) — City building excise tax
— Federal Community Development Block Grants (CDBG)
— AQMD clean air subvention funds
• Enterprise Funds
— Sewer utility user charge
— Water utility user charge
a1/28/2a25
Ref
New/Repl
acement
Active Projeots
Function
Project
Yr guilt/
Refurb
OG yr
Built
Re pl Sq Ft
Current
Est$/Sq Ft
Age From; 2025
Useful
2025 Life
Years to
Start
Project
Estimate
FY Design
Year
FY GDnst
StartYear
FY Cost Est@
2.5%Growth
Private
Cantribtions
Net Proposed
Cost
4 R
Gen Gov
15th Street Beach Restroam
1961
1961
1,100
1,200
64 60
❑
1,32�,000
24123
2025
1,320,000
1,32❑,❑00
5 R
M u nicpal 0 pe rations
Corporation Yard(Fue l ing a rid Transfe r Station}
TBD
TBD
NA
40 0
7,400,000
2023
2025
7,400,1100
7,400,0W
6 R
Fire/Library
FS 1- Peninsula/Balboa library
1962
IS62
10,877
1,470
63 60
0 16,000,000
2023
2025
16,000,000
16,000,❑00
7 R
Rec Facility
Bonita Cme k- Artificia l Tu rf Rep lace me nt
2915
2Uls
1,700,000
12 10
10 1
2,640,000
2025
2026
2,091,000
2,091,000
40 N
Rec Facility
Aq uatic Ce me r at Lowe r Castaways
2 47,000,000
2025
2027
49,379,375
24,fi89,fi88
24,fi89,687
37 N
Gen Gov
PCH Ped Bridge at Su pe rio-r
TBD
TBD
3 27,000,000
2026
202E
29,076,047
21,807,C35
7,269,012
38 R
Rec Facility
Grant Howald- Artifir ia l Tu rf Replace me nt
2021
2021
fifi,000
12 4
10 6
792,000
2030
2031
912,477
912,477
E
R
Police
Police Station
3973
1572
60,000
1,fi00
52 CC
E
96,DOD,oac
2030
2033
llfy966,67a
11fy966,67E
9 R
Rec Fad Iity
NewportTheatre A rts Center
2973
1973
7,950
900
52 fi0
E
7,155,000
2030
2033
E,717,03
4,35E,E36
4,35E,E36
3 R
Rec Facility
Arroyo Park Synthetic Turf Field
2024
2024
102,500
12 1
Ic
9 1,230,000
2032
2034
1,536,161
1,536,1111
11 R
Rec Fad Iity
Lawn Bowling Facility (San Joaquin Hills Park}
1974
1974
2,750
800
51 fA
9 2,200,000
2031
211N
2,747,499
2,747,499
12 R
Fire
FS 3- Santa Barbara
1971
1971
13,500
1,4a0
54 60
10 18,900,aaa
2032
2035
24,193,59E
24,193,59E
13 R
Fire
Lifeguard HQReplacement
198E
196s
3,000
900
37 50
13 2,700,000
2035
203E
3,721,920
3,721,920
15 R
Rec Facility
Cam mu nity Youth Ce niter(CYQ -Gra nt Howa Id
20418
198E
s,6s8
850
17 30
13 4,809,300
2035
2038
k,529,673
6;629,673
10 R
Fire
FSE- Ma rine rs(I iv ing a rea re bu ild)
2C09
1957
3,000
1,400
1. 30
14 4,200,000
201.
2039
5,934,490
5,934,490
14 R
Rec Fadlrty
Carroll Be Ic Center
29141
1980
I,s00
1,000
15 30
15 1,s00,000
2037
2040
2,172,447
2,172,447
17 R
Rec Fad Iity
Cliff Drive Community Room
2C22
1960
7fi1
1,000
3 30
27 7fi1,000
2051
2052
1,4E2,27b
1,4E2,27b
16 R
Rec Facility
Bonita C me k Co m u n-ry Ctr.
2C 24
198E
2,276
as(]
1 30
29 2,444,G00
2051
2954
',W2,640.
5,002,64E
18 R
Fire
FS4-gal boa Island
1994
1994
4,600
1,4❑❑
31 60
29 6,440,❑❑❑
2❑51
2❑54
13,178,864
13,178,864
19 R
Fire
FS2-NPt. toast
2i102
1995
7,000
1,4a0
23 fA
30 9,800,a0a
2052
2055
20,,556,162
2q,556,162
20 R
Library
Library -Central
2i113
1997
65,000
850
12 fA
32 55,250,000
2054
2057
221,757,571
221,757,571
2 R
Rec Fadlrty
NewportCoast Pickleball Court
2C 24
2024
28,700
AS
1 40
39 1,291,s0a
2062
2Ufi4
3,383,180
3,383,180
21 R
Library
Library -Mariners
MUG
200fi
1s,300
850
19 fi0
41 11,478,750
26fi3
241136
31,591,706
31,591,706
22 R
Fire
FS7-SAH
2OC7
2007
11,D00
1,400
1E
CC
42 15,400,000
20E4
2067
43,443,326
43,443,32fi
23 R
Rec Fad Iity
Newport Coast Com m u nity Ctr.
2007
2007
IE,900
E50
1s
fi0
42 14,3fi5,000
20E4
2067
40,522,596
40,523,596
39 R
Rec Fad Iity
CDM Concessions/LG HQ
2007
2007
2,33E
E50
1E
CC
42 1,907,300
20E4
2067
5,69fi,IfA
5,69fi,IfA
24 R
Rec Fad Iity
Girls& Boys Cl u b(East B luff Parky
2019
1971
21,200
E50
E
50 44
10,030,000
20fifi
2069
2-3,726,995
29,726,995
25 R
Rec Fad l ity
OASIS Senior. Ctr.
2❑1❑
2❑10
43,200
SS❑
15 6❑
45 36,720,000
2067
2070
111,551,80E
111,551,86E
26 R
Gen Gov
Civic Center
2d113
2013
122,1100
850
12 60
48 104,550,000
2070
2072
342,034,234
342,034,234
27 R
Gen Gov
Council Chambers
2i113
2013
5,600
850
12 fA
48 4,760,000
2070
2073
15,572,290
15,572,290
28 R
Rec Facility
Marina Park
2015
201s
24,390
850
10 fi❑
s2
20,731,s00
2074
2077
74,8fi3,77b
74,8fi3,77b
29 R
Fire
FS6- Mariners (apparatus bay on lyj
291E
1957
1,435
1,400
7 fi0
s3
2,010,400
2075
207E
7,441,275
7,441,275
30 R
Fire/Library
FS 5 a nd C DM Libra ry
2019
2019
10,300
1,400
E
0 54
14,420,000
207b
2079
54,70E,397
54,70E,397
31 R
Pol-"
An i ma She lter
2C22
1955
2,220
E50
3 CC
57 1,972,000
2079
2032
E,OS6,aa6
$,OSfi,EE6
32 R
Fire
FS 2- Fire Station No 2
2022
1952
11,600
1,400
3 60
57 16,240,❑❑❑
2❑2❑
2082
66,3SC,829
66,3sc,829
33 R
Fire
Newport J r. G ua rd B u ild ing
2024
2024
5,400
850
1 60
59 4,590,Oa0
2081
2084
19,702,473
19,702,473
1 R
Library
Library Lecture Hall
2C 25
2❑25
9,814
2,5❑❑
❑
60 60
24,535,❑❑❑
2❑22
2085
107,948,841
1❑7,948,841
3d
R
Gen Gov
Civic Ce mer Pa rking Struct u re (450 Stalls}
2013
2013
490
22,000
12 75
63 9,900,000
2085
208E
46;907,114
46,907,114
Tar
1, 399,339,890
Unfunded/Unapproved Potential Projects
A M u n icpal 0 pe rations Utilities Yard/Admin Bldg 3970 1970 4,500 E50 55 CC 5 3,E 25,000 2027 2030 4,327,E26 4,327,E 36 B Municpal Opumtons Corporation Yard/Admin Bldg 1984 19E4 3,400 as(] Ill 60 19 2,890,000 2641 2044 4,620,0% 4,620,099 C Rec Fadlrty West NewportCommunity Center TEO TEO 11,000 S50 9,3se,❑❑❑ 9,3sc,❑00 9,3sc,❑00 Tota 1 12,297,735
TOTAL REPLACEMENT - 23,722,113 1,433,229,445
TOTAL NEW 7E,455,422 46,496,723 31,95E,699
TOTAL PRO]ECT COST 1,479,639,721 37,299,011 1,442,340,710
Major projects in the FFP near term include:
• Balboa Library and Fire Station No. 1
• Expected funding shortfall of at least $5.8 million
• City's share of the Pedestrian/Bicycle Bridge Project at PCH and Superior estimated at $7.2 million
• City's share of aquatics complex at Lower Castaways Park estimated at $25 million
• Assuming additional $25 million from private donations • McFadden Plaza/Newport Pier rehabilitation project and other projects not included in the FFP - costs unknown
• FY 2024-25 Budget included $1.3 million General Fund contribution to the FFP to support future projects
• City contributed additional $10.8 million to FFP in FY 2024-25 from prior year-end surplus
• City has $15 million in unrestricted FFP reserves
Q�EWPp�T
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Redevelop Corona del Mar Villas frontage
• Wall showing signs of wear, age and distress. Including removing trees and re -landscaping complete frontage.
• $1 million construction cost
• $120,000 design estimate
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Add Lights to the Newport Coast Pickleball Courts
• Requested by HOA and Community
• $1305000- $250,000 construction cost
• +Annual operating costs
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49 Draft FY 2025=26 CIP Budget
Community Desired Project Needs
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PRIVATE DEVELOPMENT UNDER NEW
HOUSING AND LAND USE ELEMENTS
il" 101 Wma : Eel I M 10 [CIE U an,-40
*- Entitled Housing
*- RHNA Housing
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*- Entitled Housing
*- RHNA Housing
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Entitled Housing 1,591 165
RHNA Housing 3,505 200
TOTAL 5,096 365
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• Height amendment for Newport Center —March 20, 2025
• Specific plan for airport planning area (North Newport Specific Plan) cost approx. $750,000
• Inclusionary (affordable) ordinance review
• Transfer of RHNA units between planning areas
• Design standards for tall structures
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• Next 9 years: 17 private development projects projected to generate $95 million in one-time revenue (impact fees or development agreements).
$25
$20
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o $15
$10
$5
$0
EEG
2025 2026 2027 2028 2029 2030 2031 2033
■ Development Agreements
Development Impact Fees 56
MAJOR INITIATIVES - PROJECTS
Schedule
Council approval to start Entitlement, Traffic Study, CEQA — October 2024 • Community Outreach Kickoff — February 2025
• CEQA Contract — March 2025
• Entitlement — Schematic Design, CEQA and CDP Approvals — Spring 2026 • Complete Final Design and Permits — Fall 2026
• Construction Begins — Winter 2026
• Grand Opening — Spring 2028
Cost
• Construction: $47.1 million
• Annual operating: $2.5 million
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• Reviewing/rethinking public space, pier replacement, parking and circulation, business/public space interface.
• Community discussion in Winter 2025/Spring 2026
• Cost TBD
F-9
• Construction of new 60,000 square -foot police facility in Facility Finance Plan scheduled for 2033
• 1201 Dove Street
• All -In cost: $96 million (today)
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We
• PMP primarily funded to maintain the Asphalt Pavement System Concrete Streets last 100+ years with little maintenance cost • Ocean Blvd Concrete Pavement Replacement
Phase III - Carnation to Goldenrod
Estimated Cost $4.4 million
• Balboa Island Concrete Street Replacement (Entire Island) 5+ years working West to East across the Island
Not included in pavement maintenance funding stream
Rough estimate: $48+ Million
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4 Nei%Wrt Heights
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Timeline:
Summer 2025 - Balboa Peninsula Trolley with van shuttles April 2026 - Expected delivery of 5 new trolleys
Summer 2026 - Begin new service with trolleys
Winter 2026 - CdM/Balboa Island pilot
Summer 2028 - Possible CdM/Balboa Island trolley route
Cost:
• 7-year OCTA grants
Peninsula Trolley: $3.9 million summer weekends (2025-2031) Approved City share $641,000; OCTA grant share $3.3 million CdM/Balboa Island: $4.3 million summer weekends (2028-2034) Proposed 20/80: City share $860,000; OCTA grants $3.4 million
MAJOR INITIATIVES - PROJECTS
Additional Discussion
FISCAL YEAR 2025-26
PLANNING SESSION
February 1, 2025
City Council Planning Session