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Agenda Report
April 8, 2024
TO: Honorable Mayor and City Council
THROUGH: Finance Committee
FROM: Director of Finance
SUBJECT: ADOPT A RESOLUTION AUTHORIZING THE CITY OF PASADENA TO
ENTER INTO AN AGREEMENT WITH THE CALIFORNIA
DEPARTMENT OF WATER RESOURCES, RECOGNIZE REVENUE
AND APPROPRIATE FUNDS OF $3,000,000 TO THE FISCAL YEAR
2024 CAPITAL IMPROVEMENT PROGRAM BUDGET, TO BE
TRANSFERRED TO THE ROSE BOWL OPERATING COMPANY, FOR
THE GAS AND WATER INFRASTRUCTURE IMPROVEMENTS
PROJECT
RECOMMENDATION:
It is recommended that the City Council:
1) Find that the action proposed herein are exempt from the California Environmental Quality Act ("CEQA") pursuant to State CEQA Guidelines Section 15061(b)(3)(Common Sense Exemption);
2) Adopt a Resolution authorizing the City of Pasadena to enter into an agreement with the California Department of Water Resources Board (CDWR) to receive funds for Rose Bowl Gas and Water Infrastructure Improvements; 3) Authorize the City Manager to execute and the City Clerk to attest the funding agreement, and all other documents deemed necessary by the CDWR related to funding the Gas and Water Infrastructure Improvements Project; and 4) Amend the Fiscal Year (FY) 2024 Capital Improvement Program Budget by recognizing revenue and appropriating $3,000,000 to the Rose Bowl Major Improvement Project (FY 2020-2024) specifically for the Gas and Water Infrastructure Improvements.
MEETING OF.4/8/2024AGENDA ITEM NO.8
RBOC Water and Gas Improvement Project Funding Agreement April 8, 2024
BACKGROUND:
Within the California Budget Act of 2022 and SB 178, the State Legislature and Governor Newsom approved an earmark led by Assemblymember Chris Holden (41st District) in the amount of $3.0 million to support the Rose Bowl Stadium for improvements related to the venue's gas and water infrastructure.
The funds will be distributed through the CDWR directly to the City of Pasadena as a pass-through from the City of Pasadena to the Rose Bowl Operating Company (RBOC).
The RBOC will be responsible for all accounting, reporting, and documentation required in the funding agreement.
The RBOC began exploration of the budget earmark in 2021 in coordination with the Rose Bowl Legacy Foundation. The RBOC plans on working through pre-design and design of the improvements during the Spring and Summer of 2024, while targeting construction during the Winter and Spring of 2025.
COUNCIL POLICY CONSIDERATION:
Approval of the recommended actions will fund and support the improvements of the gas and water lines within the Rose Bowl Stadium. It will also maintain fiscal responsibility and stability for sustaining grant funding opportunities.
ENVIRONMENTAL ANALYSIS:
The actions proposed herein have been determined to be exempt from the California Environmental Quality Act (CEQA) pursuant to State CEQA Guidelines Sections 15061(b)(3), the "Common Sense" exemption that CEQA applies only to projects, which have the potential for causing a significant effect on the environment. Where it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment, the activity is not subject to CEQA. Such is the case with the proposed adoption of a resolution and appropriation of funds.
RBOC Water and Gas Improvement Project Funding Agreement April 8, 2024
FISCAL IMPACT:
Approval of the recommended action will result in the City recognizing revenue of $3,000,000 and upon receipt from the CDWR, transferring said amount to the RBOC for the Gas and Water Infrastructure Improvements Project.
Respectfully submitted)
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ATTMEW ErHAMATTMEW ErHAWKESWORTH
Director of Finance
Approved by:
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MIGO^L MARQUEZ
City Manager