Title
Public Hearing on the Preliminary Capital Facilities Plan and 2021-2026 and Financial Plan
Recommended Action
Committee Recommendation:
The Finance Committee reviewed the Preliminary Capital Facilities Plan and 2021-2026 Financial Plan on August 19.
City Manager Recommendation:
Hold a public hearing on the on the Preliminary Capital Facilities Plan and 2021-2026 and Financial Plan.
Report
Issue:
Whether to hold a public hearing on the Preliminary Capital Facilities Plan and 2021-2026 Financial Plan
Staff Contact:
Nanci Lien, Finance Director, 360.753.8465
Presenter(s):
Nanci Lien, Finance Director, 360.753.8465
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 plans or functional plans such as: the Parks, Arts and Recreation Plan, Storm & Surface Water Plan, Transportation Master Plan (draft), Wastewater Management Plan, Water System Plan, and other similar plans. The CFP covers a 20-year time horizon; however, the Preliminary CFP 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 highlights of the updated CFP, 2021-2026 Financial Plan include:
* Yauger Park Backstop Replacements
* Grass Lake Nature Park Trail Improvements
* Kaiser Woods Park Development
* Dog Park Construction
* State Avenue (Pear to Chestnut) Pedestrian & Bicycle Improvements
* Fones Road Improvements (Pacific Avenue to 18th Avenue)
* Timberland Library Improvements
* Elliott Avenue and Fir Street Reservoirs Seismic Retrofits
* Percival Creek Utility Bridge - Sewer re-route
* Old Port 1 and Miller and Ann Lift Station Upgrades
* Fiddlehe...
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