Councilmembers Propose Major Investments for Uplands Oil Funds
2011-09-27 · By Editor
Councilmembers Robert Garcia, Gary DeLong, Patrick O’Donnell and Dee Andrews have presented an $18.4 million investment proposal for the Uplands Oil Funds made up of one time capital improvements, critical budget requirements and increasing the city’s emergency reserve. The proposal makes major investments in public safety, infrastructure, parks, libraries, and technology.
To view the agenda item click here.
The investments include $2 million to increase the emergency reserve fund, $7.95 million for public safety, and $7.45 million for infrastructure, parks, libraries and technology. No ongoing expenses are included in this plan.
“These proposals are appropriate and responsible usage of one-time funds focused on critical public safety needs, technology improvements, and strengthening the emergency reserve fund,” said Mayor Bob Foster.
“The Uplands Oil Revenue presents an incredible opportunity for the city to invest in important one time capital improvements,” said the Councilmembers in a joint statement. “Most importantly, a majority of the revenue is dedicated to supporting our police and firefighters while still making critical investments in our infrastructure, parks and libraries.”
Highlights of the plan include:
- Increasing the Emergency Reserve by $2 million
- Increasing Police Overtime to handle immediate safety demands including the release of state prisoners.
- Major technology investments for both Police and Fire.
- $5.5 million in new spending for infrastructure and sidewalk repair.
- Funds for parks maintenance and street tree trimming.
- Investment for new city content management system and website.
- Major library support for technology and programming.
The proposal will be discussed by the full City Council on October 4.