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Cloverdale Reveille
Cloverdale, California
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August 15, 2019     Cloverdale Reveille
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August 15, 2019
 

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Page 8 - The Cloverdale Reveille - August 15, 2019 SMART: Financing woes plague development of north county stops Continued from Page 1 “I’m sorry that it was promised on opening day that we’d build everything in one sweep, but the financing will not work that way,” said SMART General Manager Farhad Mansourian. , A 20- or 30-year tax renewal would help the situation though. A 20-year extension of the sales tax would allow the board to restructure the outstanding debt. It would also reduce annual payments by $12.2 million. With this scenario expenses would ’ exceed revenues annually until the debt is restructured in fiscal year 2022. “From fiscal year 2023 forward, net revenue and fund balance remains positive through end of tax,” according to the projections. Net revenue is estimated at $3.1 million in 2023 and is forecasted to grow annually thereafter, which could be used to fund additional operating costs related to Healdsburg and Cloverdale. As previously pointed out, net revenue would not provide enough capital for the actual construction of the rail extensions. “It would provide room for operations if there were capital money available from some other source," said Sarah Hollenbeck, a financial adviser for SMART. The other scenario discussed reflects a 30-year tax measure renewal. According to the projection model, “Restructuring outstanding debt with a final maturity to fiscal year 2052 (30 years) reduces annual payments by $12.5 million, providing capacity for operations.” The benefit of this scenario is that additional years provide more flexibility to explore other funding options with added net revenue in later years. “SMART is being very prudent and strategic by analyzing into the future on what the financial situation is,” said SMART board member and Windsor Vice Mayor Debora Fudge. “I think what the general manager and the chief financial officer reported is that it is in SMART’s best interest to extend the tax into 2020. Costs continue to rise in the future and no agency likes to dip into their reserves it would be smart to take action now and provide solid ground for the foundation in the future.” “I support the tax extension,” Fudge said. Yet, the question that still remains is whether or not north county residents would support a tax that may not provide enough funds for an extension that now may take years and years to complete. SMART board member and Healdsburg councilmember Joe Naujokas posed a question during the meeting, “How am I going to go back to my constituents and say, ‘Well, even with the 30-year extension, sorry, there is no money here to do that.’ Can you help me explain that?” McGrath said, “I would start by pointing out that one of the things we’ve been really successful at has been leveraging the funds that we have to get to here. The second thing I would say is without the sales tax, you certainly are not going to get to MILESTONE Cloverdale, so if we end up having to basically cut our'service in half and use all of our funds just to survive, « then the most successful way to get to Healdsburg is to extend the tax.” Fudge added if the renewal were to pass then it would not have to be , brought back to voters for another 20 to 30 years. For the worst-case scenario, if the tax renewal were not approved by voters then drastic cuts would have to be put in place. McGrath said they have not narrowed down specifics on what potential cuts would look like, however, she said it would likely amount to $9 million in cuts as well as reductions to service. “We have to become balanced. I know this isn’t good news, but we are telling you what we know and we want to make sure we tell you and members ofthe public and not sugar ‘ coat anything," Mansourian said of the potential scenario. “Giving up is not what we have done in the last 10 years,” Mansourian said. “May I point out to you that BART, who has been operating for 40 years, is discussing extension to San Jose even that is still a work in progress.” When will the train come to town? Just as is predicting financial outlooks for the future, this question is also tricky. The SMART train website says the extensions will be built when funds become available, but no dates as to when that will be, are provided. “We’ve already demonstrated creative ways to get funds and there is still plenty of room for creative ways to get more money,” Naujokas said. But isthere any sort of date being those may be the same people who said it wouldn’t happen at all after the Recession.” During the Aug. 7 meeting there seemed to be a bit of reluctance to mention a specific date as they said they wouldn’t want to promise a certain day and not meet that promise, Mansourian referred to the opening day ceremony of SMART, where they had made a promise to build to Cloverdale and Healdsburg. He said even though it may not be the best news, they want to “Call a spade a spade” and be transparent. So why should residents vote for the measure if it is not going to benefit north county residents for a . while? “A big reason is so we can refinance the debt,” Naujokas said. He added once the debt is refinanced there might be some funds left over, which then could possibly be used for projects such as the extension. “I think there are opportunities for Healdsburg and Cloverdale to be ‘ integrated,” he said. Naujokas pointed to the idea of -electric bicycle shares or Lyft programs to get to the Windsor station once it is completed. “That is something I will be pushing for in the expenditure plan,” he said. 20~YEAR SALES TAX AND DEBT EXTEN’SICSW www.cmverdalereveiile.com - 20«year extension of the sales tax would enable SMART to restructure outstanding debt 3) . Extending final maturity to FY2049 reduces annual payments by $12.2 million, providing capacity for operations 3- Expenses exceed revenues annually until debt ism-structured in FY2022 7»- From FY2023 forward, net revenue and fundbaiance remain positive through end of tax * Net revenue estimated at $3.1 million in FY2023 and forecast to grow annually thereafter, which could be used to fund additional operating costs related to Healdsburg and Cloverdale ~ Net revenue would not provide sufficient capital for rail extensions 5W8 infill-on: 2o ‘Zull Annual debt service reduced post-restructuring p 202 2 2023 £026 202(1) .Uflmoigggqgfi 20L"? SL126: 202i} 233i) .3U3i silence Wflfidmg Reamvea 2182 2:055 25333 Graphics courtesy SMART BUDGET AND PROJECTIONS —— The Aug. 7 SMART board meeting showed'a difficult financial future for the train. Graphs provided show the financial outlook of SMART if the quarter cent sales tax is renewed for either 20 years or 30 years, and the revenue if it is not. 30~YEAR SALES TAX AND DEBT EXTENSION Restructuring outstanding debt with a final maturity to FY2052 (30 years} reduces annual payments by $12.5 million, providing capacity for operations Expenses exceed revenues annually until debt is restructured in FY2022 From FY2023 forward, net revenue and fund balance remain positive through'end of tax Net revenue estimated at $3.4 million in FY2023 and forecast to grow annually thereafter, which could be used to fund additional operating costs related to Healdsburg and Cloverdale v Additional years provide more flexibility to explore capital funding options with additional net revenue $30 520 $10 $0 ‘ tossed around? “No there is really no date,” in later years Naujokas said. “A lot of folks will look a 5"" at this and say, ‘Well forget it is never g coming up north.’ But you could say a 5” 29th 2022 2023 202$ 2023 202.6 202? 2028 2132.9 2030 2031 memento WRWMWQ Wfil’tfilf‘ifi: resources 2032 2033 2034 2035 z. . ‘ ‘ graph Alice Cadence Read aging new . a ‘ Alice Cadence Read, 28, born 1/14/1991, died with her family at her bedside 7/28/2019. Alice is survived by her mother, Carole Hayes-Read, and her father, Arthur John Read. On her mother’s side she is survived by her uncle Harald Oyen of Mill Valley; her aunt and uncle, Nancy and Mark Sycnnungsen of Whitefish, MT; and ’ her aunt and uncle, Wallace Arleigh and Diane Hayes of San Jose, CA. On her father's side she is survived by her aunt Marilyn Read and Rudy . Knoop of Sebastopol and Chat- , tanooga,TN respectively; nd her aunt and uncle Ge and Charlie Reed of Oakland, CA. She was pre- ceded in death by her Grandma Bea (Hayes), her aunt Janet Oyen, and her Grandma Elinore (Read) and her uncle Phillip Read. Within the past year, Alice’s birth mother, Carla Smith of Portland, ME, and her older sister, Candice Wesaw of FL contacted her through, Facebook. They had not gotten to meet face to face but were getting to know each other through social media and long telephone calls. There was to be a family reunion this Christmas. Alice’s birth father, Timothy Wesaw, and her two half brothers Tim and Nick Wesaw, grew up on the Wind River lndian Reservation in Wyoming. Through her aunt Brenda Wesaw, Alice was very excited to learn all about her fam- iiy‘s history. She is additionally survived by her many cherished. cousins in both families, and of course her many wonderful friends. Alice grew'up in Heaidsburg. She attended Mark West Elementary school (where her mother taught) and transferred to Geyserviile Edu- cation Park for middle school and high school. She graduated in 2009 and went on to Santa Rosa JC where she worked towards herAA de- gree. She loved art and took many art classes exploring all the various media including ceramics, drawing, design, painting, wood and metal working, and photography. She worked for several years as an assis~ tant dog groomer in several local shops —— she always had a passion for animals, large and small, and always had a mena‘gerie of pets, but her best friend among them was her beloved Diana ill, a canine com- panion release dog who died earlier this year. Alice loved music and karaoke, hiking, backpacking, tennis, the ocean, and the Sierras where she spent many summers growing up at the family cabin in South Lake Tahoe. She also loved to ski and snowboard. when she got the chance. if you should wish to do so, the family prefers a donation in Alice's name to Canine Companions for independence, Santa Rosa, or an animal rescue organization of your choice. ’ There will be a tCelebration of Life" on Sunday, September 29, 2019 at the Villa Chanticleer Garden in Healdsburg, 11 :30 am. to 2 pm. Continued from Page 1 council. “The Cloverdale Police Department immediately requested assistance from the Sonoma County Sheriffs Department to lead the investigation. It was at this time that the Sheriffs Department representatiVes informed the city that they would be open to leading the investigation, but the city would be responsible for paying for‘ their services.” When the Sheriff’s Office provides services to outside agencies, new policy mandates they go through a cost recovery process. As such, setting aside the $20,000 ensures that, should they Continued from Page 1 whatever they Want. It was a great opportunity,” said 2 Calderon’s mom Marbella. “I was very excited for her because she works hard. I’m happy that she is getting opportunities that I didn’t get.” Sommer said that in future she wants to be able to use the skills she learned during camp. For her, a dream job would be in a NASA-related role. “If I was in the 19603 helping send the astronauts to space, then that would have been really special," Sommer said. Solorio said her dream job would be something involved with engineering or animation. When asked why they think it’s important for women to be ,more'involved in STEM, Martinez and Hernandez said since it is mostly guys in STEM careers it is nice to see women need the Sheriff‘s Oflice to assist with,an investigation, the city has money to pay for the services that are pr vided. ‘ n cases where the Cloverdale Police Department needs assistance that doesn’t necessitate help from the SCSO, smaller agencies in the‘ county have agreed to band together: “One of the other items that’s associated with this is the small agencies,” said Robert Stewart, who was serving as interim police chief at the time of the council meeting. “The 'police chiefs did meet on several occasions -— we agreed to provide services to each other, which is a real benefit CAMP: Aims to promote equal be involved to show that they have the same skills too. For Rosen, this experience was first-hand, “When I was in college and I was in computer science I was the only girl in the class and in my first job I was the only woman.” . Tech Trek by the numbers According to the Tech Trek website, Tech Trek alumnae surpass the national average in most higher advanced math and science classes. 77% of the Tech Trek alumnae completed precalculus in 2009. 73% of those surveyed said Tech Trek introduced them to STEM college majors of which they were previously unaware of. 87% said Tech Trek introduced them to new STEM related careers. Photo courtesy Karla Rosen GETTING ‘FISHY —— Stacy Solorio dissects a squid during marine biology class. if we need extra-bodies or expertise in a certain area they have, then we just make a call to the agencies and they roll with their people. That would avoid having to pay the sheriff’s department for certain services, but there are, in reality, things that small agencies can’t do and large agencies can.” “The intention of this document, I think, is to give us some ability to control costs over unforseen investigations that may occur within our city limits,” Councilmember Jason Turner said. “While I don’t presently have any disagreements with that; I would like to make sure we keep a pulse on it." representation in STEM Photo Reveille archives INVESTIGATION: MOU is moving document 7 Prior to the approval of the consent calendar item, both 7 Turner and Councilmember Marta Cruz expressed a desire to recognize the MOU as a moving document that is subject to change. While the MOU is ongoing, _ the city will be bringing back the topic during the yearly budgeting process to make sure there’s money in the coffers for potential expenditures should they'use SCSO’s investigative resources. . “It’s not like we have to give them the $20,000,” Stewart said. “If we utilize their services, we’ll monitor that amount and make sure we won’t go over it Without having further approval.” Edi