Laserfiche WebLink
BACKGROUND <br /> The Capital Improvement Program (CIP) has been prepared to provide the City Council <br /> with information necessary to determine capital improvement needs over the next four <br /> years. The program contains recommendations for funded projects and available <br /> revenues. As with any forecasting program, unforeseen changes in the economy, <br /> funding, and other conditions may substantially impact the priorities as set forth in this <br /> program. However, staff has taken steps to minimize these impacts so that the <br /> Program accurately reflects CIP projects. The introduction to the CIP, which highlights <br /> revenue and expenditure estimates and projects, is attached to this report as <br /> Attachment A. <br /> DISCUSSION <br /> Upon adoption of the CIP, the first two years of the program will be funded and adoption <br /> authorizes staff to begin work on these projects. However, staff does not expect to <br /> begin incurring any significant costs on new projects funded in the second year of the <br /> program until after the completion of the mid -term review scheduled for June 2010. <br /> Submitted by: Fiscal Review: Approv by: <br /> Steven Bocian D ave P. Culver Nelson Fialho <br /> Assistant City Manager Finance Director City Manager <br /> Attachments: <br /> A. CIP Approving Resolution <br /> B. CIP Narrative and Financial Summary Tables (Includes revisions to "Sources of <br /> Financial Resources, Expenditures and Fund Balances" included on page 9) <br /> Page 2 of 4 <br />