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The program contains recommendations for funded projects and available revenues. As with <br />any forecasting program, unforeseen changes in the economy, funding, and other conditions <br />may substantially impact the priorities as set forth in this program. However, staff has taken <br />steps to assure that the impact of these conditions are minimized. The introduction to the CIP, <br />which highlights revenue and expenditure estimates/projects is attached to this report as <br />Attachment A. <br />General Plan Review <br />The CIP was reviewed by the Planning Commission at their meeting of June 14. At this <br />meeting, the Planning Commission approved a resolution fmding that the Capital Improvement <br />Program is consistent with the City's General Plan (Attachment B). <br />DISCUSSION <br />The proposed CIP estimates expenditures of $76,329,201 over the next five years from <br />$94,446,905 in available funds. The City's previous Five Year Capital Improvement Program <br />assumed approximately $73,000,000 in available funds and $57,000,000 in expenditures. <br />The first two years of the program are proposed to be funded and adoption authorizes staff to <br />begin work on these projects. However, staff does not expect to begin incurring any <br />significant costs on new projects funded in the second year of the program until the start of <br />that fiscal year after the completion of the mid-term review scheduled for June 2000. <br />Issues Raised At The Council's June 8 Workshou <br />At the June 8 budget workshop, the Council requested staff review safety and roadway issues <br />for Foothill Road in front of the Merritt Property and the extension of Del Valle Parkway <br />from First Street to California Avenue. Staff's response is included as Attachment C to this <br />report. <br />SR:99:175 <br />Page 2 <br />