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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 in future CIP <br /> appropriations. As an example, many Streets programs are dependent upon receiving <br /> state gas tax revenues which are potentially subject to state budget actions that could <br /> impact the amount received. However, these funds have been stable and there are no <br /> current plans to divert the funds and therefore, they are included in the CIP based on <br /> projections received from the 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 at the beginning of each CIP category. Each project <br /> recommended for funding includes a project description sheet detailing a project <br /> description, justification, estimated cost and funding sources. <br /> The CIP includes a $7.5 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 including widening of Bernal Avenue at First Street, roof <br /> improvements and HVAC replacement in three City facilities, Val Vista Underdrain and <br /> Annual Sound Wall Repair projects. Most of these projects are included in the 2-year <br /> Work Plan adopted by Council in May 2021. <br /> DISCUSSION <br /> Upon adoption of the CIP, the first two years of the program will be funded, and staff will <br /> begin work on these projects. In addition, the CIP book will be finalized upon receipt of <br /> the signed City Council resolution adopting the FY 2021/22 through FY 2024/25 Capital <br /> Improvement Program. <br /> Jointly Submitted by: Approved by: <br /> 0/7-' <br /> Tina Olson Brian Dolan Nelson Fialho <br /> Director of Finance Assistant City Manager City Manager <br /> Attachments: <br /> 1. Resolution <br /> 2. Summary of FY 2021/22 to 2024/25 CIP <br /> Page 2 of 2 <br />