Title
Public Hearing on the Preliminary Capital Facilities Plan and 2022-2027 Financial Plan
Recommended Action
Committee Recommendation:
The Finance Committee reviewed the Preliminary Capital Facilities Plan and 2022-2027 Financial Plan on August 18. The Committee has not yet provided a recommendation.
City Manager Recommendation:
Hold a public hearing on the on the Preliminary Capital Facilities Plan and 2022-2027 Financial Plan.
Report
Issue:
Whether to hold a public hearing on the Preliminary Capital Facilities Plan and 2022-2027 Financial Plan
Staff Contact:
Joyce Phillips, Principal Planner, Community Planning and Development, 360.570.3722
Presenter(s):
Joyce Phillips, Principal Planner, Community Planning and Development
Background and Analysis:
The Capital Facilities Plan (CFP) is a Chapter in the City's 20-year Comprehensive Plan. 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 major capital investments needed for city infrastructure. 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; Transportation Master Plan; and other similar plans.
The Comprehensive Plan covers a 20-year time horizon; however, the Preliminary CFP 2022-2027 Financial Plan is primarily a 6-year financial plan. Projects for years 7-20 are identified but cost estimates and funding sources are less certain. The CFP is required by the Growth Management Act and includes specific projects, cost estimates, funding sources and strategies to implement the plan.
Some highlights of the CFP, 2022-2027 Financial Plan include:
* Armory Creative Campus Design
* Peace and Healing Park Design
* Grass Lake Nature Park Trail Improvements
* Lions Park Sprayground Construction
* State Avenue and Plum Street Safety Improvements
* Fones Road Improvements (Pacific ...
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