Paso Robles City Council
April 15, 2025

South Vine Street Bridge and
Road Realignment
City Council 2-2-1’s
April 2025
South Vine St Circulation Improvements
History of Gateway Project
4/26/2011
City/Quorum
Application Fee
Agreement
11/30/2011
Initial Application/
Land Use
Entitlements Filed
10/8/2013
Last Payment
Received per
Agreement
3/26/2014
Quorum Formally
Suspened Project
5/6/2014
City Filed Breach of
Contract
8/2/2016
Settlement
Agreement Approved
Settlement Agreement
History of Gateway Project
12/10/2018
Application/Land
Use Entitlements
Filed #2
9/5/2019
Preliminary Design
Begins
6/16/2020
City Council Approves
Gateway Project
10/7/2020
LAFCO Annexation
Starts
4/20/2021
Final Design Begins
12/20/2021
Property Annexed
into City
9/13/2024
Caltrans
Encroachment Permit
Received
12/20/2028
Bridge Required to be
Completed
Conceptual Design
Debt Financing
Cash on hand:
$6.8 million
Bonds:
$19.4 million
Total:
$26.2 million
Bridge Project:
$20.3 million
Road
Realignment:
$5.5 million
Cost of Issuance/
Underwriters:
$375,000
Debt Financing
Term:
30 Years
Interest Rate:
5%
Callable:
10 Years
Annual Debt
Payment:
$1.2 million
Development
TOT Revenue:
$2-3 million
“Save” TOT
proceeds to pay
off at 10 years
Next Steps
Items to Approve
• Paso Robles Financing District
• Joint Powers Authority with the Housing
Authority
• Council and Authority Resolution to establish JPA
Future Council Dates
• April 15 – Construction Management
• May 6 – Construction Award
• May 13 – Financing District JPA Meeting
• May 20 – Approve Bond Package
Gateway
Annexation
Project