Title
A Resolution adopting the FY2024 - FY2028 Capital Improvement Plan
Body
Issue/Request:
• The FY2024-2028 CIP includes projects and annual programs with estimated total costs of $624,332,000 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 FY2024-2028 CIP is attached for reference.
• A paper copy of the FY2024-2028 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 FY2024-2028 capital improvements 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 need to maintain infrastructure systems and facilities based on infrastructure conditions. The 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. High priority projects from the No Tax Increase Bonds (NTIB) approved by voters in April 2023 have been included in these sections. An overall review of the information presented as part of voter education is included as an appendix to this CIP.
The plan is updated each year to remove completed projects, add new projects, and revise cost estimates and schedules of ongoing projects as appropriate. It is financially constrained to match anticipated expenditures with anticipated revenues. The first year of the 5-year plan, the 2024 fiscal year, is adopted as part of the annual budget process. The City also includes the CIP as part of the Comprehensive Plan (Ignite!), for which the Planning Commission has oversight responsibilities and passed resolution to adopt.
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 FY24 CIP was posted on the City’s webpage for public comment. Nine public comments were received. All comments have been reviewed. A summary of those comments and responses are included in this packet. Planning Commission and Public Works Committee were presented copies of those public comments for their review and discussion.
The FY2024-2028 CIP includes proposed funding of $624,332,000 over the five-year period. This total is an increase from the FY2023-2027 total that was $424,647,000. 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 FY24-28 CIP is attached for reference. A paper copy of the FY 2024-2028 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.