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Department Approval <br />�. � � <br />Item Description: <br />BACKGROUND <br />��'� <br />�.- <br />REQUEST FOR COUNCIL ACTION <br />Date: 12/03/12 <br />Item No.: 12.e <br />City Manager Approval <br />Consider Accepting the 20l 2-2031 Capital Improvement Plan (CIP) <br />At the November 19th, 2012 City Council meeting the Council formally accepted, by resolution, the <br />Capital Improvement Plan (CIP) Subcommittee's reports and recommendations regarding the City's <br />long-term capital replacement plans and funding mechanisms. <br />These recommendations were in conjunction with the asset replacement schedules contained in the <br />2012-2031 CIP. While the CIP is largely considered a planning and forecasting tool, it is generally <br />accepted that the schedules depicted in the initial year of the CIP are essentially a funding request for <br />the upcoming budget year. <br />Historically, this approach has been communicated during the budget process and each item <br />contained in next year's schedule is subsequently brought forward on an individual basis for <br />secondary approval through the `Over $5,000' Council Agenda report. <br />Given the added emphasis placed on the structural changes made to the City's capital asset funding <br />mechanisms as well as the work efforts by the CIP Subcommittee, it is suggested that the City <br />formally accept the 2012-2031 CIP and the replacement schedules contained therein. <br />A copy of the 2012-2031 CIP is included in Attachment B. The items listed in the 2013 column can <br />generally be considered a funding request for the 2013 Budget, with the exception of the $400,000 <br />geothermal system expansion for the Public Works building, and the $300,000 appropriation for <br />� pathway construction. Neither of these projects have a current funding source. A summary of the <br />2013 items is shown in Attachment C. <br />POLICY OBJECTIVE <br />� Establishing long-term financial plans is consistent with industry best practices as well as the goals <br />�� � and strategies outlined in the Imagine Roseville 2025 process. <br />FINANCIAL IMPACTS <br />See attachedment. <br />STAFF RECOMMENDATION <br />Staff recommends the Council accept, by resolution, the 2012-2031 CIP. <br />Page 1 of 4 <br />