...Title
Approve the 2018-2019 Operating and Capital Budgets for the City of San José and Schedule of Fees and Charges.
...Recommendations
a. Adopt resolutions approving the Operating Budget for 2018-2019 for the City of San José, the Capital Budget for 2018-2019 for the City of San José, and the Five-Year Capital Improvement Program for 2019-2023 for the City of San José as revised by the Mayor’s Budget Message and directing the City Manager to prepare final documents for adoption.
b. Adopt a resolution establishing the Schedule of Fees and Charges for 2018-2019.
c. Establish the South Bay Water Recycling Operating Fund (Fund 570).
d. Adopt a resolution approving the loan in the amount of $2,000,000 from the Construction and Conveyance Tax Fund: City-wide Parks Purposes to the Council District 5 Construction and Conveyance Tax Funds for the construction of the All Inclusive Playground - Emma Prusch Park with the following terms:
1. The Council District 5 Construction and Conveyance Tax Fund shall pay interest at a rate equal to the investment earnings of the monthly investment factor;
2. The loan shall be fully due and payable on June 30, 2022;
3. The loan shall be repaid with grant reimbursements from the County of Santa Clara All-Inclusive Playground Grant Program;
4. All grant reimbursements received by the City from the County of Santa Clara All-Inclusive Playground Grant Program for the construction of the All Inclusive Playground - Emma Prusch Park shall be allocated to the repayment of the loan until it is fully repaid;
5. In the event that a shortfall arises in the Council District 5 Construction and Conveyance Tax Fund, another eligible source of revenue shall fully repay the loan;
6. The loan shall be immediately due and payable if needed by the Construction and Conveyance Tax Fund: City-wide Parks Purposes to fund any eligible project; and
7. A final balloon payment shall...
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