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RES 95068
City of Pleasanton
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RES 95068
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4/2/2012 4:04:05 PM
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2/25/1999 7:22:02 PM
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
6/20/1995
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TO: Mayor Tarver and Members of the City Council <br /> <br />FROM: Deborah Acosta, City Manager <br /> <br />SUBJECT: Capital Improvement Program for Fiscal Years 1995/96-1999/00 <br /> <br />INTRODUCTION <br /> <br />This Five Year Capital Improvement Program (CIP) has been prepared to provide the City Council and <br />the community with information necessary to identify capital improvement needs for the next five years. <br />It is recommended that the fn'st two years of the program be adopted and that funds be appwpriated to <br />cover the projects included in those years. This recommendation differs from the previous practice of <br />funding only the first year of the program. However, to remain consistent with the City's Operating <br />Budget which will cover a two year funding period, staff feels it appropriate to establish a two year <br />funding program for Capital Improvement Projects as well. Similar to the review process for the <br />Operating Budget, staff intends to conduct a thorough review of the Capital Improvement Program at <br />the end of next fiscal year and to provide City Council with any recommended changes from the <br />projects and revenues being proposed in this program. <br /> <br />The projects included in the final three years of the program are tentative based on currently identified <br />needs and revenue projections, and as such are subject to revision to accommodate changes in priorities <br />and/or expected funding levels. Staff will continue to review and update the program annually, taking <br />into account changes in community needs and the City' s ability to finance and support specific projects. <br /> <br />Because a substantial portion of the total revenue available to the Capital Improvement Program is <br />derived from development fees assessed by the City, the status of the economy and the amount of local <br />development activity during the next several years will play a major role in the City's ability to finance <br />projects included in this program. To address this situation, development related revenue earmarked <br />for FY 1995/96 is primarily derived from development related revenue collected in FY 1994/95 and <br />existing fund balances. Similarly, the revenue projections for FY 1996/97, are based upon revenues <br />expected to be received during FY 1995/96. To assure there is adequate funding available for the <br />proposed 1996/97 projects, staff proposes to refrain from incurring costs on these projects until an <br />assessment of revenues and the annual project review occurs towards the end of next fiscal year at <br /> <br /> <br />
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