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REV June 2022 <br /> 2. Annual Allocation Breakdown <br /> Table 2—Proposed Annual Costs <br /> ITEM Proposed Activity ESTIMATED <br /> ZONE NO.5 <br /> PROJECT COSTS <br /> 1 2 Full-time staff to support downtown $77,760 <br /> operations plan <br /> 2 Regular cutback of vegetation $100,000 <br /> 3 Sidewalk Cleaning contract $30,000 <br /> 4 Supplies and equipment $ 5,000 <br /> 5 Board approved specific protects: <br /> A. Sidewalk Joint Repair—FY23 $48,000 <br /> B. Tree-trimming—FY23 $ 8,100 <br /> Project and Finance Plan <br /> The purpose of Zone No. 5 is to (a) support multi-modal transportation and mobility including <br /> sidewalks and downtown shuttle services (b) provide overall enhancement of the downtown area <br /> including but not limited to lighting, safety and other aesthetic features and/or(c) include acquisition <br /> of property for parking and other public priorities with the amounts allocated to include the required <br /> operation and maintenance costs within Zone. No. 5. In addition, funds will be allocated annually for <br /> implementation and continued support of the downtown operations plan. <br /> Expenditures associated with the design and construction of Zone No. 5 Projects, as well as other <br /> specific project-related costs, will be funded by tax increment revenues derived from increases in <br /> property values resulting from the new development in Zone No. 5. <br /> The City may amend this Project and Finance Plan as may be necessary in accordance with law to <br /> accommodate the other redevelopment goals and projects outlined under "Project Overview and <br /> Project Costs." <br /> _ City of San Marcos <br /> Zone No. 5 Project Plan and Financing Plan 6 <br />