SPECIAL FUNDS
Fund 219: AD 04-20 PORTOLA SPRINGS This fund accounts for the construction of improvements in Portola Springs, which is bounded by State Route (SR) 133 to the northwest, Irvine Boulevard and the Great Park to the southwest and southeast, and SR 241 and open space lands to the northeast. Four phases of bonds were issued to fund roadway, drainage, traffic signal, utility, and trail improvements to Portola Parkway, Irvine Boulevard, Ridge Valley, Arrowhead, and several internal streets. Construction activities are being performed by the developer while City staff is providing the inspection, project review and reimbursement functions. A final phase of bond issue is anticipated in 2019.
Fund 220: AD 05-21 ORCHARD HILLS This fund accounts for construction activities in the Orchard Hills development, located north of Portola Parkway and south of Santiago Hills between State Route 261 and Jeffrey Road. Bonds were issued in phases, with the first phase issued in May 2006, the second phase issued in March 2014, the third phase issued in April 2016, and the fourth phase issued in December 2018 to fund the construction of public roadway, sanitary sewer, domestic water, reclaimed water and flood control improvements within and adjacent to Portola Parkway, Orchard Hills Loop Road, and interior public streets for the residential neighborhoods. Construction activities are being performed by the developer while City staff is providing the inspection, project review and reimbursement functions.
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FY 2019-21 Proposed Budget
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