Title
Briefing on the Preliminary Capital Facilities Plan (CFP)
Recommended Action
Committee Recommendation:
The Finance Committee had a briefing on July 8. No recommendation was made.
City Manager Recommendation:
Receive briefing. Concur with forwarding of the Preliminary CFP to the Planning Commission for review and comment.
Note: Copies of the Preliminary CFP will be distributed to Councilmembers at the meeting and posted on the City's website (olympiawa.gov) for online access and viewing the morning of July 22.
Report
Issue:
Shall the preliminary CPF as presented be forwarded to the Planning Commission for review and comment?
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 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, their CFP must be incorporated into our CFP document before final adoption. Their Preliminary CFP has been included. In addition, any Thurston County projects within the Olympia boundaries or the Urban Growth Management Area will be included in the final document for reference.
The six-year plan is slightly less than the current plan. The decrease is due to a $12 million grant for Water included in the current plan.
The Preliminary CFP assumes 100% of the Real Estate Excise Tax (REET) money will be spent on capital projects. As the operating budget progresses, Council could choose to use some portion of REET funds to balance the operating budget. This change in legislation will sunset at the end of 2016.
The CFP goals and policies are included in the...
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