COUNCIL COMMUNICATION
TO: Honorable Mayor and Council
FROM: Jill Olsen, Administrative Services Director
SUBJECT:Title
Adopt Resolution No. 24-3754 Adopting the Five-Year Capital Improvement Plan (CIP) for Fiscal Years 2025-29 (Jill Olsen)
Body
FUNDING SOURCE:
Various Departments and Funds
PURPOSE:
The Five-Year CIP is used as a planning guide for scheduling and development of capital facilities for the ensuing five-year period.
BACKGROUND:
City Code Chapter 2.70 requires that City Council adopt, by resolution, the CIP prior to the adoption of the City’s annual budget. The City’s annual budget is scheduled for final adoption on June 25, 2024. This section of the City Code also requires a notification be published at least one time in the local newspaper, which states the times and places where copies of the CIP can be viewed, not less than two weeks after publication, for a public hearing on such program. This notice was published in the Today’s News-Herald.
There have been no increases in the total CIP information presented to Council at the May 9, 2024 Budget Work Session. The Five-Year Capital Improvement Plan total is $332,063,145.
COMMUNITY IMPACT:
Development of a five-year CIP plan allows for adequate planning of resources to meet future infrastructure and maintenance needs.
FISCAL IMPACT:
The Five-Year Capital Improvement Plan total is $332,063,145.
ATTACHMENTS:
Resolution No. 24-3754
Fiscal Years 2025-29 Capital Improvement Plan Summary
CIP & Tentative Budget Presentation Fiscal Year 2024-25
SUGGESTED MOTION:Recommended Action
I move to adopt Resolution No. 24-3754 adopting the Five-Year Capital Improvement Plan for the period of July 1, 2024, through June 30, 2029.