Laserfiche WebLink
The proposed program is a product of staff discussions and meetings <br /> and represents staff's projection of estimated revenues and <br /> required projects over the next five (5) years. As with any <br /> forecasting program, unforeseen changes and the economy, building <br /> industry, emergency response requirements and other conditions may <br /> substantially impact the priorities as set forth in the program. <br /> As a result, the annual review reassesses all projects in view of <br /> existing economic and infrastructure conditions to assure that <br /> available revenues are targeted towards projects which are of the <br /> highest priority. As an outcome of this review, certain projects <br /> which may have been scheduled for funding in previous CIP's may be <br /> moved to a different year or be designated as unfunded. <br /> Conversely, projects which were previously unfunded may be moved to <br /> a funded status. <br /> The proposed program includes $48, 858,943 in expenditures and <br /> forecasts total revenues of $57 , 059 , 559. The program includes a <br /> transfer of $8, 459, 262 from the General Fund to offset debt service <br /> incurred as a result of new and proposed City facilities. <br /> The Five-Year Capital Improvement Program has been reviewed by the <br /> Planning Commission and found to be in compliance with the General <br /> Plan. The minutes from their April 10, 1991 meeting are attached. <br /> The Introduction to the Capital Improvement Program which <br /> summarizes expenditures and revenues is attached to this report for <br /> Council review. <br /> The Introduction and Related Project Summary tables have been <br /> revised to reflect recent changes in revenue and expenditure <br /> projections. A summary of the most significant changes are listed <br /> on the Revised Summary attached to this report. <br /> Also attached are four project summary sheets outlining specific <br /> projects that have been requested by members of the community which <br /> were not included in the original CIP. A summary and staff <br /> recommendation for these projects is as follows. <br /> 1. Valley Trails North Median and Side Strip Landscape <br /> Renovations - $18, 000. <br /> Staff recommendation - funded in FY 1991/92 . <br /> 2 . Valley Trails South Side Strip Improvements - $14 , 157. <br /> Staff recommendation - funded in FY 1991-92 . <br /> 3 . Hopyard Landscape Improvement from Black Ave. to Del Valle <br /> Pkwy. - $121, 000. <br /> Staff recommendation - funded in FY 1991/92 . <br /> 2 <br />