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THE CITY OF -_ <br /> ° _ CITY COUNCIL AGENDA REPORT 1 2 <br /> ri n om AIL JJ� <br /> FLE ASANTONO <br /> June 20, 2017 <br /> Finance <br /> TITLE: ADOPTION OF THE FOUR YEAR CAPITAL IMPROVEMENT <br /> PROGRAM FOR FISCAL YEARS 2017/18 THROUGH 2020/21 <br /> SUMMARY <br /> Every two years the City Council adopts a Capital Improvement Program (CIP) <br /> which establishes a course of action for meeting the City's capital improvement <br /> needs over the next four years. The first two years of the program are <br /> recommended for funding and the final two years of the program are included for <br /> planning purposes only. <br /> RECOMMENDATION <br /> 1. Approve the attached resolution adopting the 2017/18 through 2020/21 Capital <br /> Improvement Program. <br /> 2. Appropriate the revenues and approve the project expenditures and transfers <br /> for the projects recommended for funding in fiscal years 2017/18 and 2018/19. <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 $130 million in total <br /> financial resources and $80 million in estimated expenditures. All of these projects <br /> are funded from revenues traditionally earmarked for the City's Capital <br /> Improvement Program, including a $10.3 million General Fund transfer anticipated <br /> in the first two years of the program. As a result, there should not be any additional <br /> financial impact on the City except for those detailed in the CIP. <br /> The attached resolution also appropriates $250,000 from the CIP Reserve to <br /> support low income student participation in the Pleasanton Unified School District <br /> STEAM Preschool Program, fulfilling a previous commitment to the District. <br />