Laguna Beach City Council Public Hearing - June 11, 2013

June 11, 2013

Executive Summary

- The Laguna Beach City Council held its regular meeting on June 11, 2013, focusing primarily on the major Village Entrance Project, which aims to create a $42 million development including a 500-space parking structure, public park, pedestrian pathways, and relocation of city facilities. - The Council recognized Patrick Watson and his son Danny Watson for a heroic rescue of a baby at Aliso Beach. - The Village Entrance Project would be funded through a combination of $7.8 million from the Parking Fund, $5 million from the Capital Improvement Fund, and up to $29 million in borrowing, with parking meter revenues serving as the primary debt repayment source. - The Council considered converting all remaining coin-operated parking meters to credit/debit card meters at a cost of $650,000 and implementing two phased parking rate increases of $0.25 each. - The design firm Studio One Eleven presented conceptual designs for the project. - The project scope included addressing odor control improvements for the Laguna SOCWA Lift Station to be funded from the Wastewater Fund. - The Council was asked to authorize continuation of design development work and initiate a Request for Qualifications

Key Decisions

- Recognition of Patrick Watson and son Danny Watson for heroic rescue of baby at Aliso Beach - Potential adoption of a resolution to increase parking meter rates by $0.25 where credit card meters are installed, followed by another $0.25 increase the following year - Potential establishment of a $42 million target budget for the Village Entrance Project - Potential authorization to accumulate and appropriate $7.8 million from the Parking Fund and $5 million from the Capital Improvement Fund over two years - Potential authorization to prepare to borrow up to $29 million for the Village Entrance