Title
Approval of Ordinance Adopting the 2015 - 2020 Capital Facilities Plan (CFP) and Appropriating Funds for 2015
Recommended Action
Committee Recommendation:
Accept the Finance Committee recommendations on the 2015 - 2020 CFP.
City Manager Recommendation:
Move to approve on second reading an ordinance adopting the 2015 - 2020 Capital Facilities Plan and appropriating funds for the 2015 year of the plan.
Report
Issue:
Should the Council adopt the 2015 - 2020 Capital Facilities Plan and appropriate funds for 2015?
Staff Contact:
Jane Kirkemo, Administrative Services Director, 360.753.8499
Presenter(s):
Jane Kirkemo, Administrative Services Director
Background and Analysis:
The background and analysis have not changed from first reading to second 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 and met with the Olympia School District to discuss their plan and school impact fees.
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 impact rate increases or other funding sources. The CFP includes increases in Transportation, Park, and School impact fees. Also included in the CFP for review were edits to the Capital Facilities Element (CFE) of the Comprehensive Plan Goals and Policies. The CFE will be adopted by the Council in 2015 after a public process.
In final balancing the Council made the following additional changes to 2015:
· Added $70,000 for Downtown bicycle facilities with the Parking Fund as the source of revenue
· Added a new project - Parks Acquisition with a transfer of $300,000 from the Voted Utility Tax fund
· Transferred $300,000 of REET funding for Parks maintenance
· Added $70,000 of Transportation Benefit District fund balance to Street Repair and Reconstruction
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) and the Safe Streets Campaign to discuss various aspects of the plan.
Options:
Option 1: Approve the 2015 - 2020 Capital Facilities Plan and approve the 2015 Capital budget Ordinance.
Option 2: Make additional changes to the Capital Facilities Plan or 2015 Capital Budget and pass the ordinance as amended.
Financial Impact:
The total 2015 - 2020 CFP is $137.1 million.