Laserfiche WebLink
THE CITY OF <br /> pLEASANTON, CITY COUNCIL AGENDA REPORT <br /> 21 <br /> June 16, 2015 <br /> City Manager <br /> TITLE: ADOPTION OF THE FOUR YEAR CAPITAL IMPROVEMENT PROGRAM <br /> FOR FISCAL YEARS 2015-2016 THROUGH 2018-2019 <br /> SUMMARY <br /> Every two years the City Council adopts a Capital Improvement Program (CIP) which <br /> establishes a course of action for meeting the City's capital improvement needs over the <br /> next four years. The first two years of the program are recommended for funding and <br /> the final two years of the program are included for planning purposes only. <br /> RECOMMENDATION <br /> 1. Approve the attached resolution adopting the 2015-2016 through 2018-2019 Capital <br /> Improvement Program. <br /> 2. Appropriate the revenues and approve the project expenditures and transfers for the <br /> projects recommended for funding in fiscal years 2015-2016 and 2018-2019. <br /> 3. Approve the project and reserve carry-overs as outlined in Appendix B of the CIP. <br /> FINANCIAL STATEMENT <br /> Over the next four years, this CIP includes an estimated $106,712,412 in total financial <br /> resources and $71,585,294 in estimated expenditures. All of these projects are funded <br /> from revenues traditionally earmarked for the City's Capital Improvement Program, <br /> including a $6,400,000 General Fund transfer anticipated in the first two years of the <br /> program. As a result, there should not be any additional financial impact on the City <br /> except for those detailed in the CIP. <br />