Recommendation to direct City Manager and all appropriate departments to report back within 90 days on the potential use of revenue bonds or any other instrument that would accelerate our street and alley improvements with a plan to tackle the list of worst streets and alleys in the City.
At this stretch. Five, six, six, I think you. Okay. I'm 60. And in 60. Recommendation direct city manager to report back within 90 days on the potential use of revenue bonds that would accelerate our street and alley improvements. Councilman Mungo. Thank you. With the passage of Measure A, we have been able to accomplish great. Things and fortunately. Not enough has been done. And residents who live on streets that are poor and. Very poor. And have alleys that are poor and very poor, have just not gotten the repairs that are necessary. Repairing the number of streets a year at the rate we are repairing them now will not get it done. So I'm asking my council colleagues to support some research by staff to come back to us with some options related to bonding against the revenue that we would use to fix those streets in future years. Being able to pull it all forward and be able to save money because the worse the street gets, the more it costs in the future. And so trying to figure out that tradeoff between the cost of money and the cost of not repairing those streets is critical. I hope that I will have unanimous support of my colleagues on this very important item. Coulson wasn't asked. You, Mayor. A big, big, huge thank you to Councilwoman Mongo for bringing this item forward. This is something that I very, very much looking forward to hearing back from city staff. There's a number of streets and alleys in my district that are in much need of serious maintenance. And I know that my colleagues feel similar about their districts as well. It also makes sense to me to be directed on resources and priorities and to really focus on those streets that are causing a lot of damage. And my council councilwoman Mango said it, you know, we by doing this, we can prevent from spending a lot of money in the future if we are able to correct some of these streets right now. Because the more that we neglect them, the more the the more that they need the repairs. So thank you again, Councilwoman Mongo, for bringing this forward. Councilmember Austin. Thank you. Certainly support this item and thank Councilmember Mongo for taking the lead in bringing this forward. We have been talking about this as a possibility for for quite some time. Obviously, with the recent passage of Measure A in the primary election and a little deployment. Yeah, but recent past is a Measure A, it was important to to now look at our long term possibilities. And I would just add that, you know, obviously, Measure eight has been utilized to restore paramedics and public and public safety services to promote the promise for Measure A was also for infrastructure repairs. And so if we can leverage, you know, our future revenue that we know, we'll be guaranteed to fast track infrastructure with streets and sidewalks and alleys and also our public safety infrastructure investments like fire station might it would be a win win for our city. Obviously, we just had an election process. And I can tell you that every candidate, just about every conversation and every door of, you know, infrastructure street repairs came up as an issue in the center on the minds of our constituents. So I support this item 100% as everyone else to do this that. Thank you, Councilmember Richardson and Councilman Pearce. Councilman Richardson. Oh, thank you. So so I certainly appreciate the motion to look into this. There are certainly infrastructure needs. I want to I want to I want to say that borrowing against general fund dollars. You know, it's it's expensive. You know, we're dealing with I think we have to diversify the funding stream. But I think we should, as a part of this study, also look into new revenue sources or future general fund through enhanced infrastructure, finance and districts and careers. So there's a number of programs that look at, you know, a much smaller version of redevelopment which didn't, you know, didn't touch our current revenue. But we looked at future projections and brought that money forward in order to raise property values and ultimately generate more, more property taxes. So I'm going to ask Councilmember Mongo. I think it be a good idea for them to look at not just municipal bonds, but also look at bonds against the state infrastructure bank and new revenue through enhanced infrastructure finance districts and special districts as well for infrastructure. Catwoman. Thank you, Councilmember Richardson. I know we've discussed that before. And what I would say is I will take it on as a friendly. As the staff are clear that from the first part, as the item is written, does not need to wait for the second part to come back. They can come back separately as long as they both come back in a timely manner. Thank you. Councilmember Pearce and then I have a comment in the beginning about. I don't have a comment. I'm just going to my my comment is just that I'm supportive of this Councilman Mongo. And I've talked about this kind of approach for I think for a couple of years now. And now having now that measuring has become permanent, I think it's the right time to have this discussion with the council and see what's possible. There are, of course, I mean, there are challenges when you do bonding, of course. But I think the benefit is one we have to explore and I'm very supportive of that. So thank you, Councilman Mongo. And do a roll call vote. Roll call vote, please. District one, district two. District three. I. District four. All right. District five. District by district size. Just seven. I yesterday. District nine. Yes. Motion carries. Okay. Thank you. Item 64.