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File #: 22-0884    Version: 1
Type: decision Status: Passed
File created: 9/22/2022 In control: Planning Commission
Agenda date: 10/3/2022 Final action: 10/3/2022
Title: Preliminary Capital Facilities Plan, 2023-2028 Financial Plan - Deliberations
Attachments: 1. Budget Webpage, 2. Finance Subcommittee Q&A, 3. Public Comments
Title
Preliminary Capital Facilities Plan, 2023-2028 Financial Plan - Deliberations

Recommended Action
Move to approve the Capital Facilities Plan, 2023-2028 Financial Plan and forward a comment letter to the City Council.

Report
Issue:
Whether to approve the Capital Facilities Plan, 2023-2028 Financial Plan and forward a comment letter to the City Council.

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 adopted by the City Council in 2014. The CFP portion of the Comprehensive 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, 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, 2023-2028 Financial Plan is a 6-year financial plan. It is required by the Growth Management Act and includes specific projects, cost estimates, funding sources and strategies to implement the plan. The Preliminary CFP is available under Budget Documents on the City's Budget Webpage (Attachment 1).

City staff annually reviews and updates the 6-year plan to ensure it can fund and implement the comprehensive plan's vision, showing how the city will provide governmental services at adopted levels of service standards for the existing and projected population growth in the City and Urban Growth Area. This is presented in the Preliminary CFP and then reviewed and refined in a public process during the latter half of each year.

On August 15, City staff presented the Preliminary CFP, 2023-2028 Financial Plan to the Planning Commission...

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