Placement: New Business
Action Requested: Motion / Vote
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Tentatively Approve the Proposed Capital Improvement Program for Fiscal Years 2025 - 2029.
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Submitted By: Ivy Ladyko, Budget Manager
Strategic Plan Link: The City’s Mission to be responsive to our community.
Executive Summary (General Business): Executive Summary (General Business): This is the proposed Capital Improvement Program (CIP) for Fiscal Years 2025-2029.
Presentation Information: Staff will provide a presentation that highlights the capital projects and proposed funding for the five-year CIP.
Staff Recommendation: Move that the Council tentatively approve the proposed five-year Capital Improvement Program and the proposed Fiscal Year 2024-25 Capital Budget.
Alternate Recommendation:
1. Move that the Council amend the recommendation and provide further direction.
Background: This is the presentation of the proposed CIP for FY 2025-29. The full CIP covers a ten-year planning horizon of significant and long-term investment projects that must be planned for with available funding.
Issues/Analysis: Funding has been identified and/or proposed for projects for the first five (5) fiscal years of the CIP. The projects and/or equipment included in the plan advance the City Council’s Strategic Plan goals and priorities.
Financial Information: This is the first step in approving a proposed operating and capital budget for FY 2024-25. We have identified funding for the first five-years of the CIP plan, years six through ten do not have identified funding sources but are a very good indication of major projects Staff believes will need to be accomplished in future years.
Special Consideration: N/A
Location of Project: Citywide
Attachments: 1. Fiscals 2025-2029 Proposed Capital Improvement Program budget book
2. Fiscals 2025-2029 Proposed CIP Power Point Presentation
NOTE: All of the listed items in the “Attachment” section above are in the custody of the City Clerk. Any item(s) not provided in City Council packets are available upon request from the City Clerk.
Internal Reference Number: N/A
Legal Sufficiency Review:
Reviewed by Richard Berrios, Interim City Attorney. Approved as to Legal form and sufficiency by Richard Berrios, Interim City Attorney.