Title
Public Hearing on the Preliminary Capital Facilities Plan and 2019-2024 Financial Plan
Recommended Action
Committee Recommendation:
The Finance Committee reviewed the Preliminary Capital Facilities Plan and 2019-2024 Financial Plan on September 6.
City Manager Recommendation:
Hold a public hearing on the Preliminary Capital Facilities Plan and 2019-2024 Financial Plan.
Report
Issue:
Whether to hold a public hearing on the Preliminary Capital Facilities Plan and 2019-2024 Financial Plan
Staff Contact:
Debbie Sullivan, Administrative Services Director, 360.753.8499
Presenter(s):
Debbie Sullivan, Administrative Services Director
Jennifer Priddy, Assistant Superintendent of Finance and Operations, Olympia School District
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. 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; and other similar plans. The CFP covers a 20-year time horizon; however, the Preliminary CFP, 2019-2024 Financial Plan is a six-year financial plan which is required by the Growth Management Act to specifically identify projects, estimated costs, and the funding sources and strategies to implement the plan.
Some of the highlights of the updated CFP, 2019-2024 Financial Plan include:
* Designing an Athletic Field Community Park
* Funding Off-Leash Dog Areas and Trails
* Funding a Sprayground at Lions Park
* Designing Transportation Improvements on Franklin & Legion Way
* Constructing a Bike Lane at Division Street & 28th Avenue
* Constructing Flood Mitigation
* Implementing Habitat Improvement and Stewardship Projects
* Designing the Replacement of a Water Main on Fones Rd.
The Plannin...
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