Title
Discuss the 5-year Capital Improvement Plan for FY 2022-2026 related to facilities, parks, transportation, water, and wastewater.
Summary
City staff presents the 5-Year Capital Improvement Plan (CIP) for FY2022-2026 for consideration by City Council, as previously submitted to the Planning and Zoning Commission on both April 5th and May 3rd. Planning and Zoning Commission, voted unanimously on May 3rd to approved the proposed 5-Year CIP with a recommendation for the Parks Unfunded projects to be reprioritized with the ADA Transition Plan components at the top of the list, which would move projects 20-22 as proposed projects 1 through 3 for consideration by City Council for approval.
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 FY2022 to FY2026 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.
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