FROM:
Development Services
SUBJECT:
Title
Acceptance of Fontana’s Downtown Revitalization Grant
End
RECOMMENDATION:
Recommendation
1. Accept grant funding from the State of California in the amount of $3,000,000 for Fontana’s Downtown Revitalization.
2. Authorize the City Manager to approve budget adjustments to increase revenue and appropriations of $3,000,000 as detailed in the fiscal impact.
End
COUNCIL GOALS:
• Practice sound fiscal management by living within our means while investing in the future.
• Concentrate on Inter-governmental relations by pursuing financial participation from county, state and federal governments.
• Concentrate on Inter-governmental relations by advocating Fontana's position in regional, state, and federal organizations.
• Enhance the local environment for future generations and create a healthy economic and environmental future by adopting policies that promote compact and efficient development in new and existing communities.
• Invest in the City’s infrastructure (streets, sewers, parks, etc.) by maintaining and improving the city's existing infrastructure.
• Invest in the City’s infrastructure (streets, sewers, parks, etc.) by creating and promoting community through people, parks, and programs.
DISCUSSION:
The City of Fontana’s commitment to the Downtown Revitalization is a major mixed-use endeavor designed to increase housing, jobs, and entertainment options in the City’s fast-growing central business district.
This generous $3 million grant from Assembly Majority Leader Emeritus Eloise Gomez Reyes, signifies a significant step forward in the city's commitment to honoring its past while building a brighter future.
The $3 million will be used for the construction and planning of early projects in the downtown revitalization plan, including:
• 9/11 Memorial
• Downtown Furnishings
• Utility Equipment Wraps
• Artwork
• Public Arts Building Design and Construction Documents
• Honor Roll Memorial Construction Documents
• Downtown Renderings
FISCAL IMPACT:
Approval of this item will increase revenue in the amount of $3,000,000 in Grant fund, 301 and appropriate the following expenditures:
$1,750,000 Project 37600009 911 Memorial
$100,000 Project 30137221 Downtown furnishings
$50,000 Project 37600075 Utility Equipment Wraps
$300,000 Project 37600075 Artwork and Mural Restoration
$600,000 Project 37600060 Public Arts Building Design and Construction
$100,000 Project 37600074 Honor Roll Memorial Construction Documents
$100,000 Project 37600073 Downtown renderings
$3,000,000 TOTAL
This item was not included in the fiscal year 2023-24 and 2024-25 annual budget. The required budget adjustments necessary for this item will be included in the next quarterly budget report.
MOTION:
Approve staff recommendation