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Regular City Council Meeting Monday, October 15, 2012 Page 19 mendations over the next eight (8) years and their proposed actions for City Council consideration. Mayor Roe reviewed each category, and advised that the City Council look at the CIP during every biennium to ensure funds didn't re- vert back into the negative again. In pages 6-10, Mayor Roe reviewed each CIP Fund needing immediate attention over those first eight (8) years of the twenty (20) year CIP, including the Street Pavement Management Program (PMP); Park Facilities and Park Improvement Program (PIP); Skating Center Facilities; Information Technology (IT), Central Services and Administration; Pathways & Parking Lots PMP; and Street Light Replacement. In attempting to stabilize those funds, Mayor Roe noted that rec- ommendations included use of both existing tax levy amounts for current bonds when paid off, as well as new tax revenue, in some years for those most imme- diate needs; resulting in significant and sustainable solutions as outlined. Discussion included parks and pathways operating and dedicated maintenance funds for Parks and Public Works areas; and annual adjustments to the twenty (20) year CIP as those annual operating costs came into play. At the request of Councilmember McGehee, Mayor Roe noted that separation of funding between the Parks and Public Works Departments were fairly easy to track in the annual budget as separate categories broken out by program activity depending on how their roles were defined. Mayor Roe clarified that this por- tion of the discussion was specific only to capital funding, not ongoing mainte- nance. Streets PMP Mayor Roe noted the significance and uniqueness of this fund, intended with annual projects to be funded from interest earned and those funds dictating street rehabilitation projects with the $12 million fund balance. However, Mayor Roe noted that at this time the needs were increasing faster than current interest rates could address; and the principle balance was being drawn due to those reduced interest rates and ongoing needs. Mayor Roe noted the need for action soon, with the proposed solution detailed in the memorandum (page 6, lines 192-217). Discussion included annual miles of projects that had remained consistent to- date, and pending Public Works, Environment, and Transportation Commission (PWETC) review and their subsequent recommendation as to annual miles to be considered and/or level of maintenance for the PMP Fund. Mayor Roe advised that the CIP Subcommittee's solution was based on current mileage going forward over the next eight (8) years.