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COUNTY OF SAN MATEO
Inter-Departmental Correspondence
Department of Parks
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DATE:
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May 13, 2010
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BOARD MEETING DATE:
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May 25, 2010
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SPECIAL NOTICE/HEARING:
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None
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VOTE REQUIRED:
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Majority
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TO:
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Honorable Board of Supervisors
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FROM:
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David G. Holland, Director, Department of Parks
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SUBJECT:
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Acceptance of a $2,184,000 Loan from the State of California, Department of Boating and Waterways to Replace Dock 29 at Coyote Point Marina
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RECOMMENDATION:
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Adopt a Resolution authorizing the:
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A)
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County of San Mateo to accept a California Department of Boating and Waterways loan in the amount of $2,184,000 for the Coyote Point Marina Dock 29 Replacement Project; and
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B)
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Director of the Parks Department or his designee to execute in the name of the County of San Mateo all necessary applications, contracts, agreements, amendments and payment requests hereto for the purposes of securing loan funds and to implement and carry out the purposes specified in the loan application.
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BACKGROUND:
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The California Department of Boating and Waterways lends money to public marinas. Loan funds are available for planning, construction, rehabilitation, or expansion of small craft harbors throughout California. Between 1973 and 2008, the Boating and Waterways Commission has consented to six loans totaling $3,668,000 for improvements to the Coyote Point Marina. The first two loans (totaling $1.2 million) have been repaid in full and the third loan is scheduled to be repaid in FY 2010/2011.
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On March 13, 2007, your Board approved Resolution No. 068600 which approved application for a loan of $1,829,000. In February 2008, the Boating and Waterways Commission approved a planning loan in the amount of $218,000 for the replacement of Dock 29. The estimated total construction cost at that time was $1,829,000. Based on current economic data, the revised total project cost estimate is $2,184,000. The additional funding is for construction and the remaining soft costs for the project replacement. In March 2010, the Boating and Waterways Commission approved an additional planning loan for $1,966,000. The Department of Boating and Waterways has requested a new resolution from the Board for the full amount of both loans, which is $2,184,000.
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The Project involves engineering, design and replacement of Dock 29, which has reached the end of its usable life after thirty-plus years of use. The expected lifetime of a dock is normally thirty years. Dock 29 is the nearest dock to the channel to the Bay so it receives the greatest wind and tidal effects of any of our docks. During the last few winters, we experienced extraordinary storms and tidal action which expedited our decision to replace the dock. The dock has cracked concrete, split wood, tilting decks and separated fascia. Individual berths are no longer level as they have been compromised by local conditions. The consequence of this condition has been to move berthers to different locations and retire their berths from use. This represents a loss of revenue of several thousand dollars per berth per month.
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DISCUSSION:
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As Dock 29 is no longer in use, the number of available berths at the Marina has decreased from 562 to 541. This decrease is significant not only in the loss of revenues, but also the loss to the Marina of the larger berths that support larger boats.
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Based on the results of a needs assessment, we anticipate offering the same number of berths (eleven 45' berths on the north side and ten 50' berths on the south side), but will add several amenities requested by our existing berthers that are standard amenities offered in other marinas. For safety, we will provide fire hose cabinets every seventy feet and gate card security at the ramp security gate. Dock boxes will provide water hookups and storage. Electrical service will be increased from 30 to 50 amps (metered) as increased shore power has been requested by berthers. In addition to providing improved amenities, there would be less maintenance required.
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Performance Measure(s):
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Measure
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FY 2009-10 Actual
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FY 20010-11
Projected
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Number of usable berths
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541
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562
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Acceptance of the $2,184,000 loan from the California Department of Boating and Waterways contributes to the Shared Vision 2025 of Environmentally Conscious Community as the funds will be used to replace the decaying Dock 29 at the Coyote Point Marina providing for 21 new berths for larger vessels.
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County Counsel has reviewed and approved the Resolution as to form.
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FISCAL IMPACT:
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The terms of the loan are $2,184,000 at 4.5% for 30 years with payments commencing three years after completion of construction. While the revenue and reserve balances are not capable of absorbing such a large project outright without causing significant delays in the construction, the Coyote Point Marina Operating Fund is capable of absorbing the $132,792.12 annual loan payment throughout the debt service. There will be no fiscal impact to the County General Fund.
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