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21 <br /> THE CITY OF <br /> "' CITY COUNCIL AGENDA REPORT <br /> L-EASANTON© <br /> June 21, 2011 <br /> City Manager <br /> TITLE: ADOPTION OF THE FOUR YEAR CAPITAL IMPROVEMENT PROGRAM <br /> FOR FISCAL YEARS 2011-2012 THROUGH 2014-2015 <br /> SUMMARY <br /> Every two years the City Council adopts a Capital Improvement Program (CIP) to assure <br /> that infrastructure and capital improvement needs are adequately addressed and <br /> planned. The proposed Capital Improvement Program establishes a course of action to <br /> meet capital improvement needs over the next four years. The first two years of the <br /> program are recommended for funding. The final two years of the program are included <br /> for planning purposes only. <br /> RECOMMENDATION <br /> 1. Approve the attached resolution adopting the 2011-2012 through 2014-2015 Capital <br /> Improvement Program. <br /> 2. Appropriate the revenues and approve project expenditures for the projects <br /> recommended for funding in fiscal years 2011-2012 and 2012-2013. <br /> FINANCIAL STATEMENT <br /> Over the next four years, this CIP includes an estimated $53,938,917 in total financial <br /> and 36,592,387 in estimated expenditures. All of these projects are funded from <br /> revenues traditionally earmarked for the City's Capital Improvement Program, including a <br /> General Fund transfer anticipated in the final two years of the program. As a result, <br /> there should not be any additional financial impact on the City except for those detailed <br /> in the CIP. <br />