Clearlake Measure V oversight board adopts compliance resolution, details road projects and debt status
October 05, 2023 | Clearlake, Lake County, California
This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »
The Clearlake Measure V Oversight Board on a unanimous vote adopted Resolution OC2023-01 declaring compliance with section 3-7.14 of Ordinance No. 189-2016 and agreed to forward the resolution to the City Council for review.
Board members used the meeting to review Measure V and Measure B financial activity, hear staff updates on paving and drainage projects, and discuss outreach and design standards for streetscape work. Chair Colbrandt called for the motion to adopt the resolution and, after discussion and a roll-call, the motion passed with Member Almond, Member Silva, Member Schulz and Chair Colbrandt voting yes.
Why it matters: The oversight board’s adoption confirms staff-supplied reporting on how Measure V tax proceeds have been tracked and spent, and clears a procedural step toward city council review. The board also reviewed near-term construction and design work that will determine how Measure V funds translate into visible street repairs.
Staff briefed the board that the city paid $1.5 million toward the Measure-related loan this fiscal year and that a remaining principal balance of about $16,300,000 is due through 2034. “We have paid 1 and a half million dollars this fiscal year 22, 23 for the first time paying on the loan, and we have a remaining 16,300,000.0 due through 2034,” an oversight report presenter stated during the meeting. Staff said the net interest cost on the debt was about 3.2% and the interest rate about 3.36%.
Officials recapped current project activity: this year’s chip-seal program covered roughly 3–5 miles of streets and remains in progress; larger asphalt projects were moved into design and archeological review and are expected to be bid next year. Staff identified three major projects (and a possible fourth) in design, including work in the Tree Streets area, the ballpark-to-Mendel Mill corridor and a large Clear Lake Park area spanning Third Street to Sixteenth Street.
Staff also outlined the funding picture: Measure V and Measure B funds are managed in separate city funds (identified in meeting materials as fund 02/20 and fund 02/21) and are invested in the state Local Agency Investment Fund (LAIF) until allocated. Staff said LAIF yields for the city’s holdings have been running a little over 3.4% recently and that interest is allocated to the funds quarterly.
Board members pressed on project priorities and standards. Several members urged that arterial streets and areas near schools include sidewalks, lighting and higher construction standards, while others emphasized maximizing paving mileage and the ‘‘bang for the buck’’ of chip seal in neighborhoods. Staff responded that Lakeshore Drive corridor plans are at roughly 35% design and will require merchant and property-owner outreach before final decisions on parking configuration and sidewalks.
Grant applications were highlighted as a force multiplier: staff said the city secured grant funding for prior green-street work (noting roughly $19 million invested, with about $11 million from Measure funds and $8 million in grant funds) and reported recent applications including a Reconnecting Communities pedestrian overcrossing at South Center Drive and a regional grant request for a Dam Road roundabout.
On operations, staff reported pursuing a blanket permit process for utilities to reduce repeated cuts in newly paved surfaces, and noted that the city is balancing drainage repairs with pavement preservation. The board also heard that some construction is delayed by litigation (the Eighteenth Avenue extension) and that a stormwater master plan grant has been obtained to guide future drainage and pavement decisions.
What’s next: The board’s adopted resolution will be forwarded to Clearlake’s City Council for review, staff will continue design and grant work on the identified projects, and the board signaled interest in a clearer multi-year plan showing how remaining Measure V revenue will support maintenance and future priorities.
The board adjourned at 2:54 p.m.
Board members used the meeting to review Measure V and Measure B financial activity, hear staff updates on paving and drainage projects, and discuss outreach and design standards for streetscape work. Chair Colbrandt called for the motion to adopt the resolution and, after discussion and a roll-call, the motion passed with Member Almond, Member Silva, Member Schulz and Chair Colbrandt voting yes.
Why it matters: The oversight board’s adoption confirms staff-supplied reporting on how Measure V tax proceeds have been tracked and spent, and clears a procedural step toward city council review. The board also reviewed near-term construction and design work that will determine how Measure V funds translate into visible street repairs.
Staff briefed the board that the city paid $1.5 million toward the Measure-related loan this fiscal year and that a remaining principal balance of about $16,300,000 is due through 2034. “We have paid 1 and a half million dollars this fiscal year 22, 23 for the first time paying on the loan, and we have a remaining 16,300,000.0 due through 2034,” an oversight report presenter stated during the meeting. Staff said the net interest cost on the debt was about 3.2% and the interest rate about 3.36%.
Officials recapped current project activity: this year’s chip-seal program covered roughly 3–5 miles of streets and remains in progress; larger asphalt projects were moved into design and archeological review and are expected to be bid next year. Staff identified three major projects (and a possible fourth) in design, including work in the Tree Streets area, the ballpark-to-Mendel Mill corridor and a large Clear Lake Park area spanning Third Street to Sixteenth Street.
Staff also outlined the funding picture: Measure V and Measure B funds are managed in separate city funds (identified in meeting materials as fund 02/20 and fund 02/21) and are invested in the state Local Agency Investment Fund (LAIF) until allocated. Staff said LAIF yields for the city’s holdings have been running a little over 3.4% recently and that interest is allocated to the funds quarterly.
Board members pressed on project priorities and standards. Several members urged that arterial streets and areas near schools include sidewalks, lighting and higher construction standards, while others emphasized maximizing paving mileage and the ‘‘bang for the buck’’ of chip seal in neighborhoods. Staff responded that Lakeshore Drive corridor plans are at roughly 35% design and will require merchant and property-owner outreach before final decisions on parking configuration and sidewalks.
Grant applications were highlighted as a force multiplier: staff said the city secured grant funding for prior green-street work (noting roughly $19 million invested, with about $11 million from Measure funds and $8 million in grant funds) and reported recent applications including a Reconnecting Communities pedestrian overcrossing at South Center Drive and a regional grant request for a Dam Road roundabout.
On operations, staff reported pursuing a blanket permit process for utilities to reduce repeated cuts in newly paved surfaces, and noted that the city is balancing drainage repairs with pavement preservation. The board also heard that some construction is delayed by litigation (the Eighteenth Avenue extension) and that a stormwater master plan grant has been obtained to guide future drainage and pavement decisions.
What’s next: The board’s adopted resolution will be forwarded to Clearlake’s City Council for review, staff will continue design and grant work on the identified projects, and the board signaled interest in a clearer multi-year plan showing how remaining Measure V revenue will support maintenance and future priorities.
The board adjourned at 2:54 p.m.
Don't Miss a Word: See the Full Meeting!
Go beyond summaries. Unlock every video, transcript, and key insight with a Founder Membership.
✓
Get instant access to full meeting videos
✓
Search and clip any phrase from complete transcripts
✓
Receive AI-powered summaries & custom alerts
✓
Enjoy lifetime, unrestricted access to government data
30-day money-back guarantee
