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HomeMy WebLinkAboutStaff Report-2023-2027 CIPSTAFF REPORT DATE: October 24, 2022 AGENDA ITEM: 2023-2027 CIP TO: Planning Commission SUBMITTED BY: Kristina Handt, City Administrator BACKGROUND: Beginning this spring staff started developing recommendations for updates to the 2023-2027 Capital Improvement Plan (CIP) working in consultation with the Parks Commission. Council reviewed it briefly at their August budget work session. Before the recommendation can go to Council for a final vote, the Planning Commission will need to hold a public hearing on the plan and make a recommendation about whether or not it is consistent with the Comprehensive Plan since the CIP is a component of the 2040 Comprehensive Plan. ISSUE BEFORE COMMISSION: Is the proposed 2023-2027 Capital Improvement Plan consistent with the 2040 Comprehensive Plan? PROPOSAL DETAILS/ANALYSIS: A copy of the 2023-2027 CIP is included in your packet. It includes projects that cost at least $25,000 and have a useful life span of five years or longer. Projects are prioritized and funding sources are identified. The 2023-2027 CIP includes 79 separate projects with a total estimated cost of about $68 million. These projects include street work, vehicles and equipment (fire, public works, parks and utilities), park and trail improvements, and utility infrastructure. FISCAL IMPACT: The total estimated costs of all the projects is $68 million. Funding sources are identified for each project with a summary included on page 15. OPTIONS: After holding the public hearing, the Planning Commission may: 1) Find that the 2023-2027 CIP is consistent with the 2040 Comprehensive Plan 2) Find that the 2023-2027 CIP is not consistent with the 2040 Comprehensive Plan and note the inconsistencies. RECOMMENDATION: “Motion to recommend to the City Council that the 2023-2027 Capital Improvement Plan is consistent with the 2040 Comprehensive Plan” ATTACHMENT: • Draft 2023-2027 Capital Improvement Plan