TO: Mayor and City Council
THROUGH: Steve Powers, City Manager
FROM: Robert Barron, Chief Financial Officer
SUBJECT:
title
Capital Improvement Plan for FY 2021 through FY 2025
Ward(s): All Wards
Councilor(s): All Councilors
Neighborhood(s): All Neighborhoods
Result Area(s): Good Governance; Natural Environment Stewardship; Safe Community; Safe, Reliable and Efficient Infrastructure; Strong and Diverse Economy; Welcoming and Livable Community.
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ISSUE:
Shall the City Council adopt the Capital Improvement Plan for FY 2021 through FY 2025 as recommended by the Budget Committee?
RECOMMENDATION:
recommendation
Adopt the Capital Improvement Plan for FY 2021 through FY 2025 as recommended by the Budget Committee.
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SUMMARY:
The Capital Improvement Program (CIP), governed by Council Policy C-9 (Resolution 2008-142), includes the following goals: create a transparent CIP process; establish a risk-based priority list; match the priority list to limited resources in a thoughtful and responsible manner; and establish an internal CIP review committee to oversee the process.
FACTS AND FINDINGS:
The CIP consists of planned capital projects that are expected to cost $284,603,270 over the next five-year period. The CIP includes four groups of projects that are funded at the following levels:
Community Facilities - $16,600,000
Municipal Facilities - $40,442,870
Transportation - $69,077,450
Utilities - $158,482,950
The recommended CIP (attachment 1) includes several corrections from the document presented to the Budget Committee. In addition to ward and neighborhood corrections, the following project values have been identified and adjusted for accuracy:
• Project 0000704, Secor Park Development Phase 1, page 16 - FY 2021 amount changed to $611,000 and prior year funding changed to $271,500
• Project 0000665, Orchard Heights Park Tennis Court Improvements, page 15 - changed prior year funding to: $573,000
• Project 0000672, Bill Riegel Park Development Phase 2, page 16 - changed prior year funding to: $400,000
• Project 0001076, Riverfront Park Amphitheatre, page 24 - changed prior year funding to: $2,794,000
The Budget Committee also approved the following errata changes:
• Project 0000534, Riverfront Vault Electrical Improvements - Removed
• Project 0001101, Taxiway C Resurfacing, page 28 - Add $300,000
• Project 000792, Ozone Treatment Facility at Geren Island, page 76 - Add $1,800,000 of utility rate funding
BACKGROUND:
The City of Salem Budget Committee held a public hearing for the CIP on May 6, 2020 and continued deliberations on May 13, 2020. Staff provided notice to the community and at the public hearing, provided a presentation about capital planning and the anticipated projects. At the conclusion of the public hearing, the Budget Committee recommended the CIP to the City Council for consideration.
Josh Eggleston
Budget Officer
Attachments:
1. Recommended Capital Improvement Plan for FY 2021 through FY 2025