Broadway Avenue Complete Street
Corridor Project
Update
Item 7.C.
February 19, 2026
Kimley Horn & Associates
Frederik Venter
Molly Tremblay
2 2
How did we get here?
Safe Routes to School Plan
(2018-2020)
• Community Meetings
• Walk Audits
• Temporary Complete Street
Demonstration
• Road Diet & Crosswalks
• Results show strong support
Intersection Control
Evaluation (2019)
• Citywide study to
determine best control
types at high-priority
intersections
• Altered to specifically
study how to
accommodate a road
diet along Broadway
Ave
Broadway Avenue
Complete Street
Corridor ATP (2020)
• Exhibits created based
on SRTS Outreach and
ICE Study results
• Active transportation
and complete street
elements were included
3 3
• Safety Project
• Increase safety for all users, including cyclists, pedestrians, and drivers
• Safe Routes to School Project
• Increased safety is main priority, focus on students
• Improve access to project area schools
• Active Transportation Project
• Increase multimodal users
• Encourage students to walk and bike to school
• Education & Engagement will be geared towards biking and walking, as well as how to use roundabouts
Project Goals
4 •Active Transportation Program
• $11M for Design & Construction
• $ 1M for Education & Engagement (TAMC)
•TAMC RSTP
• $ 4M for Construction
Grant Funding
5 • 149 Completed Surveys
• 50+ participants at
Community Meetings
• Pop Up Events
• City Birthday
• After School Programs
• La Preciosa Family Market
• Villa Del Monte Apartments
• Resident Meetings
Completed Public Outreach
6 7
Proposed Design
8 9
Schedule
• Request for allocation of Construction Funds at Jan. CTC meeting • Ongoing School Coordination
• “In-Lane Move-Up” school analysis during Winter 2025 – Spring 2026 • Project to Bid in April 2026
• Contractor awarded project by June 2026
• Contractor under contract project by August 2026
• Construction Fall 2026 – Fall 2029
• Coordination w/schools to minimize impacts to greatest extent possible • Public Meeting/Open House at Fire Station – March 24, 2026 @ 6 p.m. 10 Questions?
11 Item 7.D.
Financial Statement Results
Jessica Riley, Finance Director
February 19, 2026 | City Council Meeting
Annual Audit
2 Completed – Maze & Associates
▪ Audit of the City’s financial statements ending June 30, 2025 ✓ Unmodified (ie Clean) Opinions
▪ Agreed-upon procedures on the City’s Appropriation Limit calculation ✓ No exception noted
▪ Memorandum of Internal Control (MOIC) and Required Communications ✓ No material weakness
✓ No significant deficiency
To be finalized before 3/31/26
▪ Single Audit (Fieldwork in progress)
Citywide Financial Highlights
3 Revenues $ 65.8
Less Expenses 67.4
Change in Net Position $ (1.6)
City-Wide Operations
(in millions)
General Fund Financial Highlights
4 General Fund Operations
(in millions):
FY2023-24
Results
FY 2024-25
Final Budget
FY2024-25
Results
Variance vs
Prior Year
Variance vs
Final Budget
Revenues $ 47.2 $ 48.2 $ 56.0 $ 8.8 $ 7.8
Less Expenditures (including transfers) 50.9 64.1 60.4 9.5 (3.7) Change in Fund Balance $ (3.7) $ (15.9) $ (4.4) $ (0.7) $ 11.5 General Fund Balance Detail
5 As of June 30, 2025 $ 36.7
Less:
Nonspendable 3.7
Restricted 4.9
Prior Year Encumbrances 5.8
Committed Rainy Day Reserves 14.4
Unassigned Fund Balance $ 7.8
Distribution of General Fund Balance
(in millions):
General Capital Projects Detail – Use of Fund Balance
• Total General Fund Capital Expenditures: $5.0M
• Parks Projects: $2.5M (Lincoln Cunningham; $1.7M); Municipal Facilities: $732k (Fire Station #1; $626k, Fire Station #2; $15k, Seaside Stars Walk of Fame; $33k); Transportation Capital Projects: $1.6M
Other Funds
6 Water Fund (Enterprise Fund) - Provides water service to portions of the City of Seaside
• Net Position: $2.7M; FY25 operating revenues exceeded expenses, by $118k • Ongoing repayment of inter-fund loan to the General Fund (recycled water infrastructure for the golf course); Water rate study underway to assess longterm sustainability Affordable Housing Fund
• FY25 included purchase of two properties to support affordable housing initiatives
• Funded through restricted housing-related revenues
Transportation Capital Projects
• FY25 expenditures: $6.0M
• Funded by TAMC, State programs, and General Fund Maintenance of Effort • FY 25 projects included pavement rehabilitation, Fremont Boulevard medians, and citywide sidewalk repairs
• Accept the Fiscal Year Ended June 30, 2025 Annual Comprehensive Financial Report (ACFR), the Governance Letter and the Gann Limit report (on tonight’s consent agenda)
Recommendation
7 Upcoming
• FY 2025-26 Mid-year budget report; March 5th regular council meeting • FY 2026-27 budget process; beginning early March.
• Budget study session; 2 days in May, 5pm-9pm
• Draft Budget to Council for consideration of adoption 6/18 regular meeting.
Item 9.A.
Zoning Ordinance Amendment ZOA2026-001 to Modify the Definition of Public Safety Facilities
Andrew Myrick, Housing & Planning Manager
February 19, 2026 | City Council
2 • First Reading occurred on February 5, 2026
• Suggested Language
• Public Safety Facility. A facility operated by a public agency or another entity operating under contract with a public agency including fire stations, other fire prevention and fire fighting facilities, police and sheriff substations and headquarters, including interim incarceration facilities. May include ambulance dispatch facilities on the same site.
Proposed Ordinance
3 • Adopt the Zoning Ordinance Amendment Z0A-2026-
001 as presented.
Recommendation
ITEM 10.A.
ADOPT A RESOLUTION AUTHORIZING
THE EXECUTION OF AN EXCLUSIVE
NEGOTIATING AGREEMENT WITH KB
BAKEWELL SEASIDE VENTURE II FOR
THE DEVELOPMENT OF THE PROPERTY
COMMONLY REFERRED TO AS MAIN GATE
February 19, 2026
Greg McDanel, City Manager
• Consider approval of an Exclusive
Negotiating Agreement (ENA) for
property commonly referred to as
Main Gate
• Establishes a structured
negotiation framework
• Not a conveyance of property
• Not a development approval
Purpose
2 • Request for Proposals (RFP) issued on June 20, 2025 • Four (4) proposals received on August 22, 2025
• Nine-member evaluation committee review
• Committee followed “Proposal Evaluation and Criteria” section published in the RFP (Page 24)
• Committee recommendation to City Council for selection of KB Bakewell Seaside Venture II
• City Council authorized staff to begin ENA negotiations Process Overview
3 • Defines negotiation period – One (1) year w/extension process • Provides exclusivity – City agrees not to negotiate with other parties • Allows due diligence
• Establishes performance milestones
• Appraisal process and negotiation of purchase price
• Coordinate entitlement paths and CEQA
• Preliminary site plan and detailed market analysis
• Preliminary financing plan and development schedule
• Preserves City discretion
Purpose & Scope of ENA
4 • Does not approve development
• Does not grant entitlements
• Does not transfer land
• Does not commit public funds beyond negotiation framework Limits of ENA Authority
5 • Due diligence period
• Community engagement
• CEQA process (if applicable)
• Future public hearings
• Council retains full authority
Next Steps, If Approved
6 •Pillar 2: Vibrant Local Economy
• 2.1 Accelerate Mixed-Use & Commercial Development
“Secure a development partner and advance a unique,
transformative mixed-use plan for the Main Gate property that fuels economic growth and elevates Seaside’s identity as a vibrant destination.”
•Secondary alignment
• 3.1 Advance Housing Affordability
Strategic Plan Alignment
7 • Adopt a resolution authorizing the execution of an
Exclusive Negotiating Agreement with KB Bakewell
Seaside Venture II for the development of the property
commonly referred to as Main Gate.
Recommendation
8