The library project will benefit from the proceeds of sale of the vacant lot next to the Gabilan library site. The John Street EDD building reuse is eligible for funding from the County of Monterey s Proposition 10 funding program. The second through sixth years of the General Fund CIP list are best described as a list of community needs without any guaranteed source of funding. The community s long term capital investment needs will never be satisfied until Salinas residents provide an alternative source of new General Fund revenues dedicated exclusively to capital investments. The funding sources other than the General Fund detailed in the CIP will allow the City to make progress in the development of new infrastructure financed exclusively by new development.
Many projects financed by new development also provide improvements for all residents.
The project could not have been accomplished with the development fees. Other major projects that benefit the entire community are financed by self-generated revenue. There are no city-wide or general fund resources involved in the operations or capital budgets for the courses. The recommended Capital Improvement Program provides a snapshot of community needs. The CIP does not provide a guarantee that projects will be accomplished.