Report to Mayor and City Council
Tuesday, June 21, 2016
Discussion
SUBJECT:
Title
CONSIDER ADOPTION OF THE FISCAL YEAR 2016-17 CAPITAL IMPROVEMENT PROGRAM (CITY COUNCIL)
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I. SUMMARY
The purpose of the Capital Improvement Program (CIP) is to provide for the orderly and systematic financing and implementation of public improvements within the City of Carson. For FY2016-17, a total of $47,320,405 in funding is needed in order to address several projects that are in varying stages of implementation. Of the total funding need, 84% (or $39,568,206) has been secured with no impact to the General Fund. Alternative funding sources, including grants, will be sought to address the remaining need of 16% (or $7,752,199).
II. RECOMMENDATION
Recommendation
TAKE the following actions:
1. ADOPT the FY2016-17 Capital Improvement Program
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III. ALTERNATIVES
TAKE one or more of the following actions:
1. DO NOT ADOPT the FY2016-17 Capital Improvement Program.
2. TAKE another action the City Council deems appropriate.
IV. BACKGROUND
The Capital Improvement Program (CIP) provides a framework for the orderly execution of individual projects. The importance of a CIP lies in its ability to clearly identify, fund and pace major projects. CIP projects require substantial lead-time for activities that precede actual construction including assessments, community input, securing funding, planning and design.
The Capital Improvement Program should not be considered as a final and fixed plan. It is formulated in 5 year spans, in this case FY2016-17 through FY2020-21, and projects are prioritized by a number of criteria. On an annual basis, an additional year is added to the CIP in order to maintain the full five-year period of the program. Those projects that are deemed highest in priority are scheduled for the first year of the CIP, and a recommendation is made for these projects to be adopted as the Capital Improvement Program for the coming year, in this case FY...
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