Bond Money Earmarked for Downtown Improvements
With the Morgan Hill Redevelopment Dissolution Litigation Settlement, the City of Morgan Hill now has access to approximately $25 million in bond proceeds. This provides an exciting opportunity for Morgan Hill. The bond proceeds will be used for downtown projects including:
A parking structure
Significant community input was provided in 2011 through the outreach done for the Monterey Road Streetscape Design Project. Building upon that input and the Downtown Specific Plan, potential projects were identified for downtown improvement. These were presented through further community outreach. Further input was gathered and projects prioritized.
On May 21, 2014 the Downtown Placemaking Investment Strategy was presented to the City Council.
Bond Spending Plan Update September 11, 2013
On September 11, 2013, the City Council approved a bond spending plan that was then incorporated to the submitted Recognized Obligation Payment Schedule (ROPS) and the soon-to-be submitted Long Range Property Management Plan (LRPMP). The Council did decide to revise the spending plan as proposed by staff by re-allocating the $1 million proposed for a CRC fitness expansion to the “investment with private development” line item (which now has a total of $4 million budgeted).