Title
Consider Role of the Capital Facilities Plan (CFP) in Implementing the Opportunity Sites from the Investment Strategies Report
Recommended Action
City Manager Recommendation:
Consider Role of the CFP in implementing the Opportunity Sites from the Investment Strategies Report.
Report
Issue:
The City of Olympia implements its Comprehensive Plan in three primary ways:
1. through its regulations
2. through its operating budget, and
3. through its Capital Facilities Plan.
This report will consider the relationship between the Capital Facilities Plan (CFP) and the implementation of the Investment Strategies: City of Olympia Opportunity Areas report (Attachment 1).
Staff Contact:
Keith Stahley, Director Community Planning and Development Department 360.753.8227
Presenter(s):
Keith Stahley, Director Community Planning and Development Department
Background and Analysis:
One approach to implementing the Investment Strategies report is to understand what is proposed in the CFP. As we prepare to initiate our annual budget process, we can look to the CFP to help us understand how the projects included in it may affect redevelopment activity within our community particularly around the opportunity areas identified in the Investment Strategies report.
The CFP is comprised of two parts: 1. Goals and Policies (see Attachment 2). The policies on these two pages help to guide the development and implementation of the Comprehensive Plan. At this point, they do not include any reference to the Investment Strategy report or its recommendations.
In addition to the CFP Goals and Policies the City also has adopted a policy document known as the Long Term Financial Strategy (see Attachment 2). The principles included in this document also help to guide development and implementation of the CFP.
The second component of the CFP is how we intend to spend our capital facility dollars specifically in the current budget year and more genera...
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