File #: 2023-6036    Name:
Type: Presentation Status: Agenda Ready
File created: 12/19/2023 In control: Public Works Committee
On agenda: 1/8/2024 Final action:
Title: Presentation and Discussion: FY2025 Capital Improvement Plan Kickoff
Sponsors: Public Works Admin & Engineering, Binger, George
Attachments: 1. Presentation
Related files: 2023-5926, 2023-5893, 2024-6213
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Presentation and Discussion: FY2025 Capital Improvement Plan Kickoff

FY2025 Capital Improvement Plan Kickoff Discussion

Key Issues:
o The Annual CIP provides a 5-year fiscally constrained plan of capital projects to complete; guided by master planning documents.

o 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).

o Many more capital projects remain unfunded and do not get added to the CIP.

o 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.

Last year, City staff presented 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. Generally, it takes several years to accumulate funds from various sources to add new projects. Funding for capital improvements usually occurs through new elections such as a no-tax-increase bond issue, renewing a sales tax, or user fees. Projects already funded in the CIP can be re-sequenced if priorities change and/or to account for timing of available funds to spend.

The City's 2020 Strategic Plan iGNITE and Ignite! Comprehensive Plan were developed through public input of stakeholders and guidance from elected officials. Elected officials have requested earlier input into the annual CIP to prioritize project funding and consider new projects or project sequencing changes. This FY2025 CIP kickoff presentation will review the CIP process, required projects, comments from public input, new programs, and a review of the Committee's discussion regarding the April 2023 No Tax Increase Bond (NTIB) projects. The pur...

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