Title
Briefing on the Preliminary Capital Facilities Plan (CFP)
Recommended Action
City Manager Recommendation:
Discuss the Preliminary CFP scheduled for the Council's agenda on July 15
Report
Issue:
Preliminary look at the 2015-2020 CFP
Staff Contact:
Jane Kirkemo, Administrative Services Director, 360.753.8499
Presenter(s):
Jane Kirkemo, Administrative Services Director
Background and Analysis:
The City Manager is required to present a six-year CFP to the City Council for adoption. The CFP must be balanced (revenues received realistically pay for proposed projects). Such planning involves determining not only where the facilities will be needed, but when; and not only how much they will cost, but how they will be paid for as well as maintained. The Preliminary CFP usually goes to the Finance Committee for review. However, because this meeting was moved up by three weeks you are being provided a very preliminary draft CFP for discussion.
Because the City of Olympia collects impact fees for the Olympia School District, their CFP must be incorporated into our CFP document before final adoption. However, their CFP will not be available until early fall. In addition, any County projects within the Olympia boundaries or the Urban Growth Management Area (UGMA), should be included in the document.
The six-year plan is $142 million or 17% more than the current plan. The increase is predominantly drinking water projects that have been added.
The Preliminary CFP assures 100% of the REET 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. The CFP also assumes the Council will apply the 6% Utility Tax to cable TV.
The CFP goals and policies have been included this year in the CFP. The policies have been edited for "plain talk." However, no substantive changed have been made. The Planning Commission will be reviewing the g...
Click here for full text