TITLE:
title
PROPOSED CAPITAL IMPROVEMENT PROGRAM (CIP) BUDGET FOR FISCAL YEAR 2024-25 AND THE FIVE-YEAR CIP BUDGET THROUGH FISCAL YEAR 2028-29
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DEPARTMENT: PUBLIC WORKS DEPARTMENT
PRESENTED BY: SEUNG YANG, P.E., CITY ENGINEER
CONTACT INFORMATION: SEUNG YANG, P.E., CITY ENGINEER, (714) 754-5335
RECOMMENDATION:
recommendation
Provide recommendations to the City Council for the following:
1. The proposed Fiscal Year (FY) 2024-25 Capital Improvement Program (CIP) Budget as it relates to Parks, Parkways and Medians (Attachment 1); and
2. The proposed Five-Year Capital Improvement Program (CIP) through FY 2028-29 as it pertains to Parks, Parkways and Medians (Attachment 2).
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BACKGROUND:
Each year, the City Council reviews and adopts an annual Capital Improvement Program (CIP) to allocate funds for essential public improvements. The City Council also approves a longer term outlook in the Five-Year CIP in order to anticipate future funding needs, maintain eligibility for grant funding, and identify future priority demands. The Five-Year CIP runs through FY 2028-29.
Staff requests that the Parks and Community Services (PACS) Commission review the proposed CIP for consistency with the City's Streetscape and Median Development Standards and the Open Space Master Plan of Parks and Recreation. The Commission, through a public hearing, will make recommendations to the City Council for its consideration in finalizing the CIP budget. The Planning Commission is scheduled to review the One-Year FY 2024-25 and the Five-Year CIP and approve the resolution of conformity with the City's General Plan at its meeting on May 13, 2024.
ANALYSIS:
The CIP budget for Fiscal Year 2024-25 begins on July 1, 2024 and was developed based on input from various departments, community needs identified over the past year, as well as consideration of City Council priorities. The Fiscal Year 2024-25 proposed CIP budget is approximately $47.9 million. "Parks" and "Parkway & Median...
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