Title
Presentation and Discussion: FY2028 Capital Improvement Plan Kickoff
Body
Issue/Request
FY2028 Capital Improvement Plan Kickoff Discussion
Key Issues:
· The Annual CIP provides a 5-year fiscally constrained plan of capital projects to complete; guided by strategic plan(s), master planning documents, elections, grants, asset management, infrastructure conditions, regulation/permitting and public input.
· Nearly all of the projects in the CIP and projects proposed to be included in the CIP were committed in some form through previous public elections that approved dedicated funding sources (such as sales taxes and bond issues).
· Many more capital projects remain unfunded and do not get added to the CIP.
· Unfunded projects identified in master planning documents or by emerging critical needs are added to the CIP as funds become available and in accordance with guidance from elected officials.
Background:
City staff presents an overview of the annual process to develop a financially constrained Capital Improvement Plan (CIP); adopted by the Planning Commission as required by State Statutes and adopted by City Council as part of the annual budget. Projects are identified through strategic plan goals, such as Ignite!, and in master plan project lists (which also have public engagement prior to plan adoption), such as the Thoroughfare Master Plan, Water and Wastewater Master Plans, and Greenway Master Plan, that are contained in the City's Comprehensive Plan. Projects are also identified as emerging needs, for compliance with federal and/or state regulations and permits, in partnership opportunities, and through public comment and City Council legislative priorities. Program related capital improvements are typically aimed at maintaining infrastructure levels of service, regulatory compliance, and adequate asset conditions. Generally, it takes several years to accumulate funds from various sources to add new projects as projects are typically not debt ...
Click here for full text