TO: Mayor and City Council
THROUGH: Kristin Retherford, Interim City Manager
FROM: Josh Eggleston, Chief Financial Officer
SUBJECT:
title
Capital Improvement Plan for FY 2023 through FY 2027.
Ward(s): All Wards
Councilor(s): All Councilors
Neighborhood(s): All Neighborhoods
Result Area(s): Good Governance; Safe, Reliable and Efficient Infrastructure; Strong and Diverse Economy; Welcoming and Livable Community.
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SUMMARY:
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.
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ISSUE:
Shall the City Council adopt the Capital Improvement Plan for FY 2023 through FY 2027 as recommended by the Budget Committee?
RECOMMENDATION:
recommendation
Adopt the Capital Improvement Plan for FY 2023 through FY 2027 as recommended by the Budget Committee.
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FACTS AND FINDINGS:
The CIP consists of planned capital projects that are expected to cost $278,931,970 over the next five-year period. The CIP includes four groups of projects that are funded at the following levels:
Community Facilities - $19,283,900
Municipal Facilities - $31,301,980
Transportation - $109,554,240
Utilities - $118,791,850
The recommended CIP (attachment 1) includes several corrections from the document presented to the Budget Committee. In addition to miscellaneous ward, neighborhood, and score corrections, the following project value has been identified and adjusted for accuracy:
- Project 0000913, Battle Creek Park Development, Page 18 - $200,000 added from SDCs to FY 2023 to match intended budget appropriation.
BACKGROUND:
The City of Salem Budget Committee held a public hearing for the CIP on April 27, 2022. 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.
James Wharton-Hess
Management Analyst II
Attachments:
1. Recommended Capital Improvement Plan for FY 2023 through FY 2027