2013_0520_packet - Laserfiche WebLink

Home

REQUEST FOR COUNCIL ACTION Date: 05/20/13 Item No.: 12.a Department Approval City Manager Approval Item Description: Review the Reports and Recommendations from the Capital Improvement Plan (CIP)/Budget Committee B ACKGROUND 1 At the February 25, 2013 City Council meeting the Council adopted the 2014/2015 Budget 2 Calendar. The calendar calls for a review of the 2014-2033 Capital Improvement Plan (CIP). 3 4 Over the past few months, City Staff and the CIP/Budget Committee have prepared and reviewed 5 the CIP in conjunction with established City Council goals and community aspirations. The 6 CIP/Budget Committee has also recommended a number of CIP funding strategies. These 7 funding strategies as well as an overview of the CIP are included in Attachment A {Note: This 8 presentation may not be available until the City Council meeting}. 9 10 Also included is Attachment B which focuses on the next 5 years of the CIP, as well as 11 Attachment C which provides a 20-year CIP schedule. Finally, Attachment D includes a memo 12 prepared by Staff for the Committee. 13 14 At this time, the Council is asked to review the CIP and funding strategies with the 15 understanding that the Council will eventually be asked to formally accept, by resolution, the 16 CIP/Budget Committee’s recommendations to signify the Council’s intent and to memorialize 17 the funding plan necessary to ensure a sustainable infrastructure replacement program. 18 PO OLICYBJECTIVE 19 Establishing long-term financial plans is consistent with industry best practices as well as the 20 goals and strategies outlined in the Imagine Roseville 2025 process. 21 FI INANCIAL MPACTS 22 See attachedments. 23 SR TAFF ECOMMENDATION 24 Not applicable. 25 26 Page 1 of 2