Title
Public Hearing on the Preliminary Capital Facilities Plan, 2024-2029 Financial Plan
Recommended Action
Committee Recommendation:
Not referred to a Committee.
City Manager Recommendation:
Hold a public hearing for the Preliminary Capital Facilities Plan, 2024-2029 Financial Plan, and allow additional written comments to be submitted until 5:00 p.m. on Friday, October 20, 2023.
Report
Issue:
Whether to hold a public hearing for the Preliminary Capital Facilities Plan, 2024-2029 Financial Plan and allow additional written comments to be submitted until 5:00 p.m. on Friday, October 20, 2023.
Staff Contact:
Joyce Phillips, Principal Planner, Community Planning & Development, 360.570.3722
Aaron BeMiller, Finance Director, Finance, 360.753.8465
Joan Lutz, Budget Analyst, Finance, 360.753.8760
Presenter(s):
Joyce Phillips, Principal Planner, Community Planning & Development
Background and Analysis:
The Capital Facilities Plan (CFP) is a Chapter in the City's 20-year Comprehensive Plan adopted by Council in 2014. The CFP portion of the Plan is updated annually.
The CFP identifies which capital facilities are necessary to support development and/or growth, as well as infrastructure improvements needed in our community. Most projects listed are directly related to the applicable master plan or functional plan, such as the Parks, Arts and Recreation Plan, the Storm and Surface Water Plan, the Transportation Master Plan, and other similar plans. The Comprehensive Plan covers a 20-year time horizon; however, the Preliminary CFP, 2024-2029 Financial Plan is a six-year financial plan. It is required by the Growth Management Act and includes specific projects, cost estimates, funding sources and strategies to implement the plan.
City staff review and update the six-year plan annually to ensure it can fund and implement the Comprehensive Plan's vision, showing how the City will provide governmental services at adopted levels of service standards for the exist...
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