Title
Briefing and PUBLIC HEARING on the Preliminary Capital Facilities Plan (CFP) 2015-2020
Recommended Action
Committee Recommendation:
The Planning Commission's Finance Subcommittee is reviewing the Preliminary CFP, and will propose draft recommendations to the full OPC for discussion on September 8 and 22. The Commission will final their recommendation letter to Council on October 6.
City Manager Recommendation:
Move to hold the public hearing and take input on the CFP, including a 6% tax on Cable TV.
Report
Issue:
The City Council received a briefing on the Preliminary CFP on Tuesday, July 15, and forwarded the Plan to the Planning Commission for review.
Staff Contact:
Jane Kirkemo, Administrative Services Director, 360.753.8499
Presenter(s):
Jane Kirkemo, Administrative Services Director
Jennifer Priddy, Olympia School District Assistant Superintendent
Background and Analysis:
The City Manager is required to present a six-year Capital Facilities Plan (CFP) to the City Council for adoption. The CFP must be balanced (revenues received realistically pay for proposed projects). Such planning involves determining when and where the facilities will be needed, and how much they will cost to construct and maintain.
Since the City of Olympia collects impact fees for the Olympia School District (OSD), their CFP must be incorporated into our CFP document before final adoption. In addition, any County projects within the Olympia boundaries or the Urban Growth Management Area (UGMA) will be included in the final document for reference.
The six-year plan is significantly larger than the current plan (17%). The increase is in the drinking water - up almost $20 million compared to the current plan.
The Preliminary CFP assumes 100% of the REET (Real Estate Excise Tax) money will be spent on capital projects. As the operating budget progresses, the Council could choose to use some portion of REET funds to balance the operating budget....
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