Title
Approval of Ordinance Adopting the 2014 - 2019 Capital Facilities Plan (CFP) and Appropriating Funds for 2014
Recommended Action
Committee Recommendation:
Move to accept the Finance Committee recommendations on the 2014 - 2019 CFP.
City Manager Recommendation:
Move to approve on second reading an ordinance adopting the 2014 - 2019 Capital Facilities Plan and appropriating funds for the 2014 year of the plan.
Report
Issue:
Should the Council adopt the 2014 - 2019 Capital Facilities Plan and appropriate funds for 2014?
Staff Contact:
Jane Kirkemo, Administrative Services Director, 360.753.8499
Presenter(s):
Jane Kirkemo, Administrative Services Director
Background and Analysis:
The background and analysis information has not changed from the first reading. The budget process began with the Capital Facilities Plan presented in July. The Planning Commission held a public hearing and reviewed the plan in detail. Plus, the Council held two public hearings and several meetings to discuss the CFP.
Since the city of Olympia collects impact fees for the School District, both the Planning Commission and the City Council reviewed the school district CFP. The School District's CFP will be incorporated into the Olympia document. The Finance Committee has reviewed aspects of the CFP at each of their meetings since July. State law requires the budget be adopted no later than December 31st.
The dollar amounts on some projects have changed since the Preliminary CFP was presented due to more definitive cost estimates, receipt of grants or other funding sources. In addition, the City converted a Park Bond Anticipation Note (BAN) to a general obligation bond this spring saving approximately $74,000 in debt service utility tax. (See attachment.) The CFP includes increases in Transportation, Park, and School impact fees. Also included in the CFP for review were edits to the CFP element of the Comprehensive Plan Goals and Policies.
In addition to staff changes, the Council added a "Bike Corridor Pilot Project." Funding for this project is $72,376 from 2013 Council goal money plus $27,624 from previously appropriated bike facilities projects.
Neighborhood/Community Interests (if known):
Council held a public hearing to provide an opportunity for all interested individuals and groups to share their comments directly with Council. In addition, Parks and Public Works representatives met with the Coalition of Neighborhood Associations (CNA) to discuss various aspects of the plan.
Options:
Option 1: Approve the 2014 - 2019 Capital Facilities Plan, including the non-substantive changes to the CFP Comp Plan Goals and Policies, and adopt the 2014 Capital budget Ordinance on second reading.
Option 2: Make additional changes to the Capital Facilities Plan or 2014 Capital Budget and pass on second and final reading of the CFP.
Financial Impact:
The total 2014 - 2019 CFP is $122,112,158 million.