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SUMMARY <br />As indicated in previous Capital Improvement Programs, the community continues to go through a <br />transition from the rapid growth of the 1980's to a more controlled growth of the 1990's. Further, the <br />City has made significant changes to the level and type of development fees that are currently being <br />collected and the increased contributions of the General Fund to the CIP. As a result of these changes, <br />in many ways, this CIP represents a bridge between previous CIP's which relied heavily on revenues <br />from the rapid residential and commercial growth experienced through the 1980's and the eazly 1990's to <br />the funding scenarios required to meet future CIP's which will need to be less reliant on development <br />revenues to meet the City's long-term capital improvement needs. <br />Staff has taken a conservative approach in developing this plan incorporating measures such as <br />establishing reserve/funding projects with revenue received rather than anticipated revenue, generating <br />development related revenues only from projects which have been approved and have been issued <br />Growth Management approval and transferring money from the Operating Budget which is consistent <br />with the City's operational needs. Nevertheless, staff is confident that this plan will address the City's <br />capital improvement needs over the life of this program. <br />C~l~-- C~9~-~ <br />Deborah Acosta <br />City Manager <br />(ciplet99.sam) <br />xx <br />