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Brentwood City Commission Agenda

Meeting Date:	06/25/2018
Resolution 2018-23 - Adopting the Capital Improvements Program for Fiscal Years 2019-2024
Submitted by:	Jay Evans, Administration
Department:	Administration

Information

Subject

Resolution 2018-23 - Adopting the Capital Improvements Program for Fiscal Years 2019-2024

Background

Staff requests formal adoption of the FY 2019-2024 Capital Improvements Program (CIP) via the attached resolution. As you know, the CIP is an essential component for addressing the long-term infrastructure and facility needs of the community in a systematic and financially responsible manner. The proposed six-year plan includes 53 projects and improvements with a total anticipated investment of $155,650,000. Approximately 72 percent of the proposed expenditures are related to various transportation and utilities projects, with and additional 21 percent related to city facilities and equipment. The remaining projects are focused on the parks, technology and storm drainage needs of the City.

The draft CIP was reviewed by the City Commission at a work session on April 3, 2018, with formal public hearings on May 29, June 12, and June 25. No changes or revisions to the draft plan were proposed or suggested at the work session or public hearings prior to today's date.

Staff Recommendation

Staff recommends approval of the resolution adopting the Capital Improvements Program for Fiscal Years 2019-2024.

Previous Commission Action

In June of each year, the City Commission adopts the Capital Improvements program for the following six-year time period. The FY 2018-2023 CIP was adopted on June 26, 2017.

Fiscal Impact

Amount :	$26,720,000
Source of Funds:	Various
Account Number:

Fiscal Impact:

The City of Brentwood's costs associated with the first year of the FY 2019-2024 CIP ($26,720,000) are fully funded in the proposed FY 2019 budget, including the Water and Sewer Fund budget. The remaining five years of the CIP are primarily for planning purposes and will be updated annually.

Attachments
Resolution 2018-23
FY 2019-2024 Summary of All Projoects
FY 2019-2024 Funding Summary
Signed Resolution