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BACKGROUND <br /> The Capital Improvement Program (CIP) has been prepared to provide the City Council <br /> with information necessary to determine capital improvement funding and expenditures <br /> over the next four years. As with any forecasting program, unforeseen changes in the <br /> economy, funding, and other conditions may substantially impact the priorities as set <br /> forth in this program. However, staff has taken steps to minimize these impacts and as <br /> a result, projects recommended for funding in the first two years have either already <br /> received full funding or have a high potential for receiving full funding. As an example, <br /> many Streets programs are dependent upon receiving state gas tax revenues which are <br /> potentially subject to state budget actions that could impact the amount received. <br /> However, these funds have been stable and there are no current plans to divert the <br /> funds and therefore, they are included in the CIP based on projections received from the <br /> state. <br /> A listing of all funded CIP projects is included in the Summary Table in the second <br /> section of the document. In addition, a summary table showing projects in each of the <br /> CIP categories is included on pages 13 through 15. Each project recommended for <br /> funding includes a project description sheet detailing a project description, justification, <br /> estimated cost and funding sources. Detailed financial tables outlining funding sources <br /> for each project by the categories of Streets, Parks, Miscellaneous, Water and Sewer <br /> are included in Appendix A beginning on page 115. Finally, a listing of active carry-over <br /> projects approved in previous CIP's is included in Appendix B beginning on page 136 <br /> and the approval of the carry-over is part of City Council action recommended for this <br /> item. <br /> The CIP includes a $10.3 million General Fund transfer in the first two years of the <br /> program which will be used for a range of programs included in the Streets and <br /> Miscellaneous categories. In addition, the program also provides funding to the Pioneer <br /> Cemetery Masterplan Implementation Reserve, which will be used to fund future <br /> projects as deemed appropriate by the City Council. Other reserves are related to <br /> Streets are detailed in the Financial Tables included the CIP's Appendix 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. <br />