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l <br />REQUEST FOR COUNCIL ACTION <br />Department Approval <br />Item Description.- Adopt the 2009-2018 Capital Improvement Plan <br />Date.- 12/1/08 <br />Item No..- 12.c <br />City Manager Approval <br />I BACKGROUND <br />2 Enclosed is the 2009-2018 Capital Improvement Plan (CIP) as prepared in accordance with the goals and <br />3 strategies identified in the Imagine Roseville 2025 initiative and in consideration of the goals and objectives <br />4 identified by the City Council earlier this year. The CIP also incorporates the valued contributions made by <br />5 the City's advisory commissions, and other citizen groups. <br />6 <br />"7 Over the next 10 years the City expects to expend approximately $,95 million to replace existing vehicles, <br />8 equipment, and infrastructure and has earmarked approximately $,5 million to allow for the purchase of new <br />9 assets that would enhance the City's programs and services. This assumes that the City will have available <br />I ('_) funding and that all existing assets will be replaced at the end of their useful lives. It is conceivable that <br />"I'll some of these items will not be replaced. By contrast,, over the 10 previous years, the City expended only <br />12 $,30 million to replace its capital assets; a reflection of both the general need and available funding during <br />13 this time. <br />14 <br />15 Subject to availability funding, the City expects to expend, on average, approximately $, 10 million per year <br />16 on capital assets over the next 10 years. The largest asset category is system improvements,, which <br />I 7 represents 66% of the total amount. The largest asset by City function is parks and recreation, which <br />I represents 27% of the total amount, followed closely by streets and pathways. <br />19 POLICY OBJECTIVE <br />2o The preparation of the CIP is consistent with the goals and strategies identified in the Imagine Roseville <br />2 1 2025 initiative,, and with industry-recommended governmental practices. The CIP is intended to serve as a <br />22 planning tool rather than a specific funding request. <br />23 FINANCIAL IMPACTS <br />24 Current funding sources will allow the City to address approximately 30% of the needs identified in the <br />Z CIP,, which leaves a sizeable funding gap. However, it is recommended that unfunded items remain in the <br />26 CIP to ensure future consideration. <br />27 STAFF RECOMMENDATION <br />28 Staff recommends the Council formally adopt the 2009-2018 CIP. <br />Page I of 2 <br />