$30 Million Excess Bond Projects

On February 19, 2009, City Council approved the $30 Million Excess Bond Balance Program with a total of 97 projects. Funding for these projects are the result of the identification of remaining balances in various bonds and certificate of obligation funds that required disposition and could be reprogrammed. These projects are grouped into three categories:

2007 Bond Program Augmentation – This category includes projects that 1) achieve the initial intended scope, or 2) further enhance improvements, for projects within the 2007 Bond Program. The budget for this category totals $12.1 million and consists of 11 projects. An example of this type of project is the Mission Branch Library Project in Council District 3.

Public Works’ Managed Projects – This category includes local street improvements, curbs, sidewalks, traffic system improvements, and drainage improvements. The budget for this category totals $8.9 million and consists of 66 projects. An example of this type of project is the Mainland Road Improvements Project in Council District 7.

Other Projects – This category includes improvements such as BRAC-related enhancements, Haven for Hope improvements, and park improvements. The budget for this category totals $7.2 million and consists of 20 projects.

As of today 95% of the projects are complete with 80% of the total program’s budget spent

– 91 projects have been completed
– 4 projects are under construction or under contract for construction
– 2 projects are under design
– For a Total of 97

The projects under design or construction are estimated to be completed in 2012.

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