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HomeMy WebLinkAboutCC AG PKT 2008-06-09 #T• AGENDA STAFF REPORT DATE: June 9, 2008 TO: Honorable Mayor and City Council THRU: David Carmany, City Manager FROM: Vince Mastrosimone, Director of Public Works SUBJECT: 5-YEAR CAPITAL IMPROVEMENT PROGRAM SUMMARY OF REQUEST: The Council is asked to adopt Resolution No. 5738 approving the 2009-2013 5-Year Capital Improvement Program. BACKGROUND: The Capital Improvement Program (CIP) is a planning tool used by the City to identify the capital improvement needs. The plan should be consistent with the • financing and timing of those needs in a way that assures the most responsible and efficient use of resources. A capital project typically involves planning and construction of major City owned facilities such as infrastructure, buildings and any permanent improvements including additions, replacements and major alterations having a long life expectancy. Additionally, capital projects may include: 1) expenditures which take place over multiple fiscal years; 2) acquisitions over an extended period of time; and 3) scheduled replacement or maintenance of specific City facilities. The CIP is developed by a coordinated effort between the City Manager, Director of Public Works, City Engineer and Director of Administrative Services/Finance. Each evaluates the projects based on need and available funding. All submitted projects, whether funded or unfunded, arb included in the CIP and recommended to the City Council for approval. City Council and citizen input on the proposed CIP is solicited by way of the budget workshop. The CIP is managed throughout the fiscal year by providing progress reports to the Council, evaluating new opportunities, authorizing the start of new projects and resolving impediments to project completion. In summary, funded projects have been identified for the next 5 years totaling over $60 million in general fund, grants and user fees. Agenda Item T Page 2 Other unfunded projects have been identified for the next 5 years totaling over $4 million. The CIP is a vital program that outlays the City's infrastructure improvement. The CIP strategically plans and prioritizes projects within a budget to maximize the funds. The ultimate goal for Capital Improvement Projects is to minimize the use of general funds and seek alternative resources; deliver capital projects on time, within budget and with minimal impact to maintain or improve the quality of life for the residents, business owners, tenants and tourist of Seal Beach. The CIP outlines projects for each of the 7 project types, Beach & Pier, Building & Facilities, Parks, Sewer System, Storm Drain, Street & Transportation and Water. It also lists the recent accomplishments of FY 2007/08. FINANCIAL IMPACT: The revenue projections identified in the CIP are consistent with the revenue projections in the FY 08/09 budget. RECOMMENDATION: It is recommended City Council adopt Resolution No. 5738 approving the 2009- 2013 5-Year Capital Improvement Program. Vince Mastrosimone Director of Public Works Attachments: A. Funding Type F~cpenditures Table B. Resolution C. 5-Year CIP NOTED AND APPROVED: David Carman ,City Manager • • • 2009-2013 PROPOSED 5-YEAR CAPITAL IMPROVEMENT PROGRAM FUNDING EXPENDITURES TABLE REVISED • General Fund $4,985,000 $9,250,000 $3,990,077 $1,447,754 $1,784,941 $912,280 $22,370,052 Grant Funds $200,000 $270,000 $1,800,000 $0 $0 $0 $2,270,000 Measure M Funds $2,597,250 $640,000 $6,089,400 $400;000 $400,000 $400,000 $10,526,650 State Gas Tax Funds $175,000 $187,000 $175,000 $175,000 $175,000 $175,000 $1,062,000 Other Funds $20,000 $231,000 $590,000 $200,000 $200,000 $200,000 $1,441,000 Traffic Impact Fees $2,007,000 $0 $0 $0 $0 $0 $2,007,000 Sewer Capital Fund $0 $273,182 $364,477 $377,151 $400,207 $307,469 $1,722,485 State Revolving Fund Loan 0% Interest $0 $1,365,909 $1,822,387 $1,885,753 $2,001,033 $1,537,343 $8,612,423 Water Capital Fund $3,850,000 $2,700,000 $2,600,000 $1,400,000 $2,010,000 $500,000 $13,060,000 Redevelopment Agency $90,000 $90,000 TOTAL $13,834,250 $15,007,091 $17,431,341 $5,885,657 $6,971,180 $4,032,091 $63,161,610 Agenda Item T RESOLUTION NUMBER 5738 • A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL BEACH, CALIFORNIA APPROVING THE 2009-2013 5-YEAR CAPITAL IMPROVEMENT PROGRAM WHEREAS, the Capital Improvement Program (CIP) is a planning tool used by the City to identify the capital improvement needs; and WHEREAS, a capital project typically involves planning and construction of major City owned facilities such as infrastructure, buildings and any permanent improvements including additions, replacements and major alterations having a long life e~ectancy; and WHEREAS, the CIP is developed by a coordinated effort between the City Manager, Director of Public Works, City Engineer and Director of Administrative Services/Finance; and WHEREAS, the proposed 2009-20013 CIP identifies funded projects totaling over $60 million in general fund, grants and user fees and unfunded projects totaling over $4 million. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SEAL BEACH DOES HEREBY RESOLVE: Section 1. The 2009-2013 Five Year Capital Improvement Program is hereby approved. PASSED, APPROVED AND ADOPTED by the City Council of Seal Beach, at a • meeting hereof held on the 9th day of June , 2008 by the following vote: AYES: COUNCILMEMBERS NOES: COUNCILMEMBERS ABSENT: COUNCILMEMBERS ABSTAIN: COUNCILMEMBERS Mayor ATTEST: City Clerk STATE OF CALIFORNIA } COUNTY OF ORANGE } SS CITY OF SEAL BEACH } . I, Linda Devine, City Clerk of Seal Beach, California, do hereby certify that the foregoing resolution is the original copy of Resolution Number 5738 on file in e the office of the City Clerk, passed, approved, and adopted by the City Council of the City of Seal Beach, at a regular meeting thereof held on the 9th day of June , 2008. City Cierk