Title
Public Hearing on the Preliminary Capital Facilities Plan and 2020-2025 Financial Plan
Recommended Action
Committee Recommendation:
The Finance Committee reviewed the Preliminary Capital Facilities Plan and 2020-2025 Financial Plan on August 21.
City Manager Recommendation:
Hold a public hearing on the Preliminary Capital Facilities Plan and 2020-2025 Financial Plan.
Report
Issue:
Whether to hold a public hearing on the Preliminary Capital Facilities Plan and 2020-2025 Financial Plan
Staff Contact:
Debbie Sullivan, Administrative Services Director, 360.753.8499
Presenter(s):
Debbie Sullivan, Administrative Services Director
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 is a 6-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, 2020-2025 Financial Plan include:
* Replacing playground equipment at Friendly Grove Park
* Building pedestrian improvements at 5th & Adams, East Bay Dr., Olympia Ave, and 26th Ave.
* Repairing and replacing siding on the Hands on Children's Museum
* Seismically retrofitting Elliot, Fir Street, and Boulevard Road Reservoirs
* Funding neighborhood sewer extensions to support septic system conversions
* Designing storm ponds at 4th Ave. & Ascenson
The Planning Commission received a briefing on the CFP and a copy of the Olympia School District's draft 2020-2025...
Click here for full text