TO:
Honorable Mayor and Members of the City Council
THROUGH:
Mark Danaj, City Manager
FROM:
Tony Olmos, Public Works Director
Anna Luke-Jones, Public Works Senior Management Analyst
SUBJECT:Title
Presentation of the Proposed Fiscal Year 2016-2017 to Fiscal Year 2020-2021 Five- Year Capital Improvement Plan (Public Works Director Olmos).
RECEIVE REPORT
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Recommended Action
RECOMMENDATION:
Staff recommends that the City Council receive the Proposed Fiscal Year 2016-2017 to Fiscal Year 2020-2021 Five-Year Capital Improvement Plan (CIP).
Body
FISCAL IMPLICATIONS:
Depending on City Council feedback, resources from transportation, water, sewer, stormwater, parking, and general funds may be impacted. The five-year 2017-2021 CIP includes 91 projects totaling $110,672,596 from a variety of funding sources. There are $47,957,596 in carryover funds and proposed new funds of $9,459,2000 for FY 2016-2017 from a number of funding sources. It is important to note that the availability of funds and timing of new projects depends largely upon the development of the budget and the five year forecast, which will be accomplished in the coming weeks.
While the total funding (carryover funds and new funds) represents a significant investment in the City's infrastructure, it is important to note that the wastewater (sewer) system projects ($17,728,120), water system projects ($33,306,850), and Sepulveda Bridge Widening Project ($20,180,435) are a combined total $71,215,405. Therefore, the wastewater projects, water projects, and Sepulveda Bridge Widening Project together make up approximately 64% of the overall (carryover funds and new funds) five-year Capital Improvement Plan ($110,672,596).
EXECUTIVE SUMMARY:
The attached five-year CIP includes a total of 91 projects: 63 carryover projects which have already been funded by City Council, 17 new projects proposed to be funded for first ti...
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