CITY OF POMONA, CA
 Vibrant, Safe, and Beautiful
 
File #: 26-1178    Version: 1 Name:
Type: Discussion Status: Agenda Ready
File created: 2/19/2026 In control: City Council / Housing Authority / Successor Agency to the Redevelopment Agency
On agenda: 3/2/2026 Final action:
Title: Amendment to FY 2025-26 Capital Improvement Program (CIP) Budget; Approval of Agreement and Allocation for Fox Theater Improvement Program; and Allocation of Pomona Development Accelerator Fund It is recommended that the City Council take the following actions: 1. Adopt the following Resolution (Attachment No. 1): RESOLUTION NO. 2026-23 -- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POMONA, CALIFORNIA, TO AMEND THE FY 2025-26 CAPITAL IMPROVEMENT PROGRAM (CIP) BUDGET BY CLOSING WORKTAG: 73368-DOWNTOWN PARKING STRUCTURES, RELEASING THE REMAINING SERIES BI (AW) $1,416,248 AND SERIES BI (AX/AI) $12,440,004 BOND PROCEEDS TOTALING $13,856,252; CREATING WORKTAG: PRJ-00001 - DOWNTOWN POMONA COMMERCIAL IMPROVEMENT PROGRAM AND APPROPRIATING A TOTAL OF $13,856,252 OF WHICH $1,416,248 IS FROM SERIES BI (AW) AND $12,440,004 IS FROM SERIES BI (AX/AI) OF AVAILABLE BOND PROCEEDS 2. Approve Agreement for Fox Theater Improvement Program (Attachment No. 2) and Allocating $600,000 from the Down...
Attachments: 1. Staff Report, 2. Attachment No. 1 - Draft City Council Resolution 2026-23, 3. Attachment No. 2 - Fox Theater Improvement Program Agreement, 4. Attachment No. 3 - City Council Resolution 2026-05 (Establishing PDAF)
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Amendment to FY 2025-26 Capital Improvement Program (CIP) Budget; Approval of Agreement and Allocation for Fox Theater Improvement Program; and Allocation of Pomona Development Accelerator Fund

 

It is recommended that the City Council take the following actions:

 

1.                     Adopt the following Resolution (Attachment No. 1):

 

RESOLUTION NO. 2026-23 -- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POMONA, CALIFORNIA, TO AMEND THE FY 2025-26 CAPITAL IMPROVEMENT PROGRAM (CIP) BUDGET BY CLOSING WORKTAG: 73368-DOWNTOWN PARKING STRUCTURES, RELEASING THE REMAINING SERIES BI (AW) $1,416,248 AND SERIES BI (AX/AI) $12,440,004 BOND PROCEEDS TOTALING $13,856,252; CREATING WORKTAG: PRJ-00001  - DOWNTOWN POMONA COMMERCIAL IMPROVEMENT PROGRAM AND APPROPRIATING A TOTAL OF $13,856,252 OF WHICH $1,416,248 IS FROM SERIES BI (AW) AND $12,440,004 IS FROM SERIES BI (AX/AI) OF AVAILABLE BOND PROCEEDS

 

2.                     Approve Agreement for Fox Theater Improvement Program (Attachment No. 2) and Allocating $600,000 from the Downtown Pomona Commercial Improvement Program CIP [Series BI (AW)].

 

3.                     Approve Allocating $5,000,000 for the Pomona Development Accelerator Fund (PDAF) (Attachment No. 3) from the Downtown Pomona Commercial Improvement Program CIP [Series BI (AX/AI)].