By Andrea Swayne
On May 21, the Dana Point City Council will hold a public hearing to discuss the city’s two-year budget, including funding plans for the Town Center Revitalization Plan in Fiscal Years 2013-2014 and 2014-2015.
The hearing is on the agenda as part of the regularly scheduled City Council meeting set for 6 p.m. at City Hall Council Chambers, 33282 Golden Lantern.
“I think this budget will be approved in short order, the same as last time,” said Mayor Steven Weinberg. “The city remains fiscally strong with our reserves intact. This budget is balanced and funds everything we need to fund, including the first phase of the Town Center Plan.”
The initial phase concentrates on infrastructure work necessary to change Pacific Coast Highway into a two-way street to prevent traffic flow disruption through downtown during the final Del Prado phase, when it too will be made two-way.
Funding for the PCH phase will draw $9 million from Capital Improvement Project (CIP) and General Funds in FY 2014—July 1, 2013-June 30, 2014—Weinberg said, but the city hopes when this phase of the work is completed, private development will follow.
The budget will also add about $7.7 million for the Del Prado phase to unfunded CIP projects and calls for city staff and council members to work closely in FY 2014 on developing funding strategies for the Del Prado phase.
Other items on the agenda include the quarterly Tourism Business Improvement District (TBID) status report, the monthly Treasurer’s Report for April and a request to enter a new five-year agreement with the Orange County District Attorney’s Office to continue to provide prosecution services for the city, as the current agreement is expiring.
See the full agenda at www.danapoint.org.