Funds are stumbling block to new library
Financing
continues to be the major stumbling block for construction of a
long-sought new library building for a Yorba Linda population
expected to stabilize at about 70,000 by 2030.
A
funding gap to build and equip a new facility currently is estimated
to be from $3.9 million to $9.5 million of an anticipated $30
million to $31.5 million cost, according to a report presented to
the City Council recently by Library Director Carrie Lixey.
And
that's for a projected scaled-down version, with 45,000 square feet
in a one-story structure and 225 parking stalls. The current
library was last remodeled to 28,000 square feet in 1992, and patrons
now average some 1,100 daily visits.
A
council-designated preferred site for the facility is the so-called
“strawberry field,” a 4.7 acre, city-owned parcel on the east side
of Lakeview Avenue, south of the Lemon Drive intersection and north
of the Stater Brothers center.
The
largest chunk of cash accumulated for the project is $15 million
expected to be in the library's reserve account at the end of the
2014-15 fiscal year. The library has a separate property tax stream
from 71 years as an independent special district before merging with
the city in 1985.
Another
revenue source is $3 million the city could realize from the sale of
1.87 acres of the library's existing property and the adjacent former
gasoline station site undergoing remediation for underground
contamination, based on an estimate obtained in 2011.
An
additional $4 million to $8.1 million could be borrowed, according to
Lixey's report, with $250,000 to $500,000 annual repayments for 30
years. So far, $32,000 from library reserves has been spent on the
project.
Funding
prospects for a new library dimmed in early 2012, when the Yorba
Linda Redevelopment Agency was dissolved, along with more than 400
others in the state, ending a program designed to eliminate blight
and improve economic prospects in designated areas.
The
city hoped to use proceeds from a 2011 bond to help finance
construction, but rulings from the state Department of Finance and a
veto by the governor of legislation authorizing use of the bond funds
“has put the question to rest for the time being,” noted the
city's report.
The
new 45,000 square foot plan is below the 50,820 square feet
envisioned in 2011, and the 0.64
square feet per capita is below a “best practices” recommendation
of 0.75 square feet but above an average of 0.53 in eight other city
libraries.
Interestingly,
the new plan has more seats (up from 290 to 297), more computer
stations (up from 104 to 121) and more parking stalls (up from 208 to
225) due to smaller staff areas and work counters and using more
laptops and tablets. A one-story design also doesn't have
stairwells and elevator shafts.
But
the smaller proposal doesn't save money because of higher
construction costs since 2011 and factors dealing with site
preparation.