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Attachment A <br /> CITY OF PLEASANTON <br /> P.O. BOX 520 PLEASANTON. CALIFORNIA 94566-0802 <br /> <br /> May 27, 1997 <br /> <br /> Honorable Mayor and City Council: <br /> <br />SUBJECT: CAPITAL IMPROVEMENT PROGRAM FOR FISCAL YEARS <br /> 1997/98 - 2001/02 <br /> <br />INTRODUCTION <br /> <br />This Five Year Capital Improvement Program (CIP) has been 1~ to provide <br />the City ConricH and the community with information necessary to identify capital <br />improvement needs for the next five years. It is recommended that the first two <br /> <br />included in those years. This recommendation differs from the prm4ous practiee of <br />funding only the first year of the program. However, to nnnain consistent with the <br />City's Operating Budget which will cover a two year funding period, staff feels it <br />appropriate to establish a two year funding program for Capital Improvement <br />Projects as well. Similar to the review process for the Operating Budget, staff <br />intends to conduct a thorough wview of the Capital Improvement Program at the <br />end of next fiscal year and to provide City Council with any recommended changes <br />from the projects and revenues being proposed in this program. This is especially <br />the case with the CIP to assure that projected development related revenue is <br />consistent with revenue received. <br /> <br />The projects includccl in the final tlucc years of the program ore tentative based on <br />currently identificd needs and revcnue projections, and as such are subject to <br />revision to accommodate changes in priorities and/or expected funding levels. Staff <br />will continue to review and upda2 the program annually, taking into account <br />c]3aBges its COmmUnity needs and the CiP/s ability to finance and support specific <br />projects. <br /> <br />Because a substantial portion of the total revenue available to the Capit~l <br />Improvement Program is derived from development fees assessed by the City, the <br />smms of the economy and the amount of local development activity during the next <br />several years will play a major role in the City's ability to ~mmee projects included <br />in this program. To address this situation, development related revenue earmarked <br />for FY 1997/98 is primarily derived from development related revenue collected in <br /> <br /> <br />