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Financing Options

Proposed Capital Funding Methods (continued)

Fresno County General Purpose funds have been used for repair of existing structures not development of new structures.
Community Development Funds: This was a strong source of funds in the 1980's financing complete construction of Easton, San Joaquin, and Parlier. The Bear Mountain Library and Activity was partially financed with CDBG funds, and funds have been used for ADA renovation in the Central Library. A small amount of CDBG funds is being be used for the Caruthers Library project. The Library submits CDBG applications for County projects only. Cities managing their own CDBG funds and have never submitted an application.
Sales taxes may be approved by two thirds of voters at a rate of 0.125 or 0.25 percent for a period not to exceed 16 years. Such taxes may be used for construction. The introduction of such a tax is not feasible until operational funding is secured with the renewal of a sales tax measure for the library, which currently provides 54% of the library's operating funds.
General Obligation Bond Measures: West Coast Libraries have used bonds as a means to finance all or a significant portion of library construction. The Mello-Roos Community Facilities Act of 1982 allows the issuance of bonds for public libraries construction.
LIBRARY AMOUNT NEW FACILITIES EXPANDED RENOVATED FACILITIES OTHER SOURCE TOTAL FACILITIES
LOS ANGELES COUNTY NONE 3 built by City/district Unavailable Unavailable 84 libraries and 4 bookmobiles
LOS ANGELES PUBLIC $180 MILLION 32 New Unavailable Some
CDBG,
gift
75 libraries
5 bookmobiles
PORTLAND $29 MILLION general bond 2 13 Unavailable 16 libraries
2 bookmobiles
SAN DIEGO PUBLIC $191.4 MILLION 12 new
1 parking lot
1 New Central Library
10 Grants, developer fees, private donations 33 libraries
SAN FRANCISCO $106 MILLION 5 New 19 Some
Earthquake
27 libraries
2 bookmobiles
SAN JOSE PUBLIC $212 MILLION 6 New 14 Unavailable 18 libraries
1 bookmobile
SEATTLE $196.4 MILLION 3 New
1 New Central Library
22 Bond 25 libraries and
4 bookmobiles
Details on several projects are instructive.
The San Diego plan most nearly matches Fresno's proposal. Total costs of $312.3 million include $149.5 for the main library and $162.8 for branch expansions and improvements. The plan is for ten years and includes bond sales in 2004, 2006 and 2008. Bonds total $191.4 (includes interest) and seventy-five percent of the funds to repay the bonds come from a 10.5% hotel room tax plus twenty percent from a lawsuit settlement against tobacco companies. For the remainder $42.9 million will come from city development agencies, $21.7 million from developer fees, $53.5 from grants and private donations, $8.8 million from CDBG, $7.9 from other municipal sources.
In November 2001 Houston voters approved partial funding of $40 million for a $260 million project involving four new branches and several renovations, including the Central Library.
Library Journal shows that 87% of funding for projects in 2001 came from local sources, with charitable contributions/gifts at 8%. Federal and state funds totaled 5%. *7
Other
Public Facilities Fees. In 1991 procedures were set up for a public facilities fee program. No action was taken beyond the study.
Build a larger facility than needed at the current time and lease the additional space to gain income.

*7 Fox, Bette-Lee, "The Building Buck Doesn't Stop Here", Library Journal, December 2002, p. 42.

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