Title
A Resolution adopting the FY2025 - FY2029 Capital Improvement Plan (CIP) in accordance with the City of Lee’s Summit Charter.
Body
Issue/Request:
• The FY2025-2029 CIP includes projects and annual programs with estimated total costs of $739,311,000 over the five-year period.
• The City's 5-year CIP is updated each year with the first year of expenditures adopted as part of the next fiscal year budget.
• The City Charter requires City Council to adopt the CIP by resolution.
• An electronic version of the FY2025-2029 CIP is attached for reference.
• A paper copy of the FY2025-2029 CIP is also available in the City Clerk's Office for viewing.
Proposed City Council Motion:
I move for adoption of a Resolution adopting the FY2025-2029 Capital Improvement Plan (CIP) in accordance with the City of Lee’s Summit Charter.
Background:
The City's 5-year Capital Improvement Plan (CIP) serves as a planning document that incorporates both project and financial planning for infrastructure improvements throughout the city. The plan is organized into eight categories.
The first category plans large-scale, capital maintenance programs needed to maintain infrastructure systems and facilities based on infrastructure conditions. These programs include Public Works, Water Utilities and the Building Equipment Replacement Program (BERP) Programs. The remaining seven categories plan construction work to add or replace infrastructure. The categories include Airport; Bridges, Streets & Signals; Facilities; Parks & Recreations; Stormwater; Sanitary Sewer; and Water. Each category includes tables summarizing the programs and projects, annual expenditures and fiscal year programming projections. New for the FY25 CIP is are categorical summaries depicting project schedules in a simple pre-construction and construction calendar year timeline. Projects from the No Tax Increase Bonds (NTIB) approved by voters in April 2023 have been included in these sections. Tables contained in the front end of the CIP summarize status of publicly voted project commitments, such as the NTIB Election of 2023. The front end of the CIP also provides a summary of completed projects; new projects; revenue sources; overall, annual, program and categorical projected expenditures; impacts to livable streets; etc.
The plan is updated each year to remove completed projects, add new projects, and revise cost estimates and schedules of ongoing projects and programs as appropriate. It is financially constrained to match anticipated expenditures with anticipated revenues. The first year of the 5-year plan, the 2025 fiscal year, is adopted as part of the annual budget process. The City also adopts the CIP as part of the Comprehensive Plan (Ignite!), for which the Planning Commission has oversight responsibilities and passed a resolution to adopt on May 23, 2024.
State statutes also require that projects in the CIP must be presented as part of a public hearing to allow for public review and comment. Therefore, City Staff presents the CIP to the Planning Commission for a public hearing to meet these requirements. In addition to the Planning Commission Public Hearing, the Draft FY25 CIP was posted on the City’s webpage for public comment. Several public comments were received and all comments have been reviewed. A summary of those comments and responses are included in this packet. Planning Commission was presented a copy of those public comments for their review and discussion.
The FY2025-2029 CIP includes proposed funding of $739,311,000 over the five-year period. This total is an increase from the FY2024-2028 total that was $624,332,000. The increase in the total is due construction cost inflation, several large projects moving into the construction phase during this 5-year period, and adding projects from the April 2023 NTIB election.
An electronic version of the FY2025-2029 CIP is attached for reference. A paper copy of the FY2025-2029 CIP is also available in the City Clerk's Office for viewing by appointment only. Please call 969-1005 to make an appointment.
Presenter
Michael Park, PE, Director of Public Works
Recommendation
Staff recommends approval.