TO:
Honorable Mayor and Members of the City Council
THROUGH:
Mark Danaj, City Manager
FROM:
Tony Olmos, Public Works Director
Prem Kumar, City Engineer
Anna Luke-Jones, Public Works Senior Management Analyst
SUBJECT:Title
Conduct Public Hearing Regarding Resolution No. 16-0034 to Consider the Fiscal Years 2017-2021 Capital Improvement Plan (Public Works Director Olmos).
CONDUCT PUBLIC HEARING; ADOPT RESOLUTION NO. 16-0034
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Recommended Action
RECOMMENDATION:
Staff recommends that City Council adopt resolution no. 16-0034, approving Fiscal Years 2017-2021 Capital Improvement Plan (CIP) projects.
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EXECUTIVE SUMMARY:
The five-year 2017-2021 CIP includes 90 projects totaling $107,793,940 from a variety of funding sources. The funding appropriation request for FY2016-2017 is $9,906,500, and is included in the City's Operating Budget. The draft CIP has been reviewed at several public meetings including two City Council meetings, a Planning Commission meeting, a Parking & Public Improvements Commission meeting and a Study Session. Upon adoption, the effective date of the Capital Improvement Plan would be July 1, 2016.
FISCAL IMPLICATIONS:
Funding for the expected expenditures for FY2016-2017 and FY2017-2018 projects, the first and second year of the five-year Capital Improvement Plan, are included in the City's Operational Two-Year Budget (presented separately from this report). The second year is included in the two-year budget as a place holder and will be re-evaluated once the FY 2018-2022 CIP is developed later this calendar year.
The five-year 2017-2021 CIP includes 90 projects totaling $107,793,940 from a variety of funding sources. The funding appropriation request for FY2016-2017 is $9,906,500. Finance has confirmed that sufficient funds are available to finance these projects based on the preliminary Five Year Forecast.
While the total funding (c...
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