Title
Discussion regarding the 5-year Capital Improvement Plan for FY 2023-2027 related to drainage, information technology, facilities, parks, transportation, traffic signals and traffic operations, reclaimed water, water, and wastewater projects.
Summary
City staff presents the 5-Year Capital Improvement Plan (CIP) for FY2023-2027 for consideration by City Council, as previously submitted to the Planning and Zoning Commission on April 4, 2022. Planning and Zoning Commission, voted unanimously on April 4th to approve the proposed 5-Year CIP as presented.
As required by the City Charter, the Planning and Zoning (P&Z) Commission annually reviews and submits a 5-year Capital Improvement Plan to the City Council and City Manager at least 120 days before the beginning of the budget year that starts in October. The plan must include a prioritized list of projects that are programmed with a recommended year of construction. Please refer to the CIP Memorandum for specific project and details on funding source and timing of each proposed project.
The proposed Capital Improvement Plan (CIP) for FY2023 to FY2027 provides a roadmap to the upcoming capital improvements in the City and helps define available project resources as well as upcoming project funding needs. The CIP traditionally covers a five year period and is updated every year. The appropriation of funding for a project is made either in conjunction with the Operating Budget as a General Fund project or as a Utility Fund Project or by adopting a Budget Amendment. The presentation as provided includes a project timeline, project descriptions, funding sources, and projects listed by year for the next five years. The presentation also includes analysis of the process used to select the proposed projects using defined priorities, funding sources, and capacity limitations.
Staff requests Council review the proposed Capital Improvement Plan 2023 - 2027 and provide direction on any desired adjustments. Staff wil...
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