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Committee reviews multiple budget transfers for water projects, bond premium allocations and improvement district assessments
Summary
The committee considered several budget ordinances to move TMUA water bond funds and other proceeds into citywide water main replacements and to adopt assessment roles for local improvement and tourism districts; public works staff said transfers will fund ongoing water main work and help close preexisting construction‑cost gaps in IoT projects.
The committee reviewed a set of budget and assessment items affecting water capital projects, street rehabilitation funding and improvement district rolls.
Key budget items discussed:
• TMUA water revenue and capital transfers: staff described transfers of $5,883,850.56 and $2,140,529.46 between projects within TMUA subfunds (presented as reallocations from projects that came in under budget to citywide main replacements and pump station work).
• Bond premium and supplemental appropriations: staff explained using approximately $873,000 in bond premium from recent debt issuances to help fund water main replacements and related construction needs; a supplemental appropriation of $676,358 was also discussed in the water revenue subfund.
• IoT (Infrastructure, Opportunity & Transportation) program funding: Public Works (Paul Zachary) described a multiyear program funding gap estimated at roughly $146 million caused by inflation and cost increases; he said IoT 3 provided approximately $93–94 million and that the city plans to sweep savings from completed projects into a citywide pool so previously approved projects can be completed rather than reduced in scope. Staff stressed that the intent is to complete the projects as originally approved, using residual balances to close shortfalls rather than creating new projects.
• Sales tax and bond fund transfers: a separate ordinance would move unencumbered balances (including several older GO bond and sales tax subfunds dating back to 2014–2020) into citywide arterial/nonarterial rehabilitation work; staff reiterated these transfers are intended to finish existing voter‑approved projects.
Assessment roll and district items:
• Kendall‑Whittier Improvement District: the ordinance adopts the assessment roll for the next fiscal year; staff said 74 properties are included and the district uses a fixed rate so businesses can budget ahead.
• Tourism Improvement District No. 1: staff said the resolution directs filing the annual assessment roll and sets a July 16 public hearing date; hotels with 10 or more rooms are assessed 3% of monthly gross receipts from room sales and property owners have a deadline to file objections.
Committee members asked for more granular follow‑up on which neighborhoods will receive specific water main work and requested advance notice to council offices when designs are ready so councilors can notify constituents. Public Works said staff will provide lists of affected projects and maps already distributed to council members.
