AGENDA CAPTION:
Title
Receive a Staff presentation regarding approved FY23 CIP Projects and related funding; including proposed issuance of debt - 2023 Certificates of Obligation Issuance; and provide direction to Staff.
Body
Meeting date: June 6, 2023
Department: Engineering and CIP/Finance
Amount & Source of Funding
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Fiscal Note:
Prior Council Action: Ordinance 2022-73(b) on 09/20/2022 - Approving FY 2023 CIP
City Council Strategic Initiative: [Please select from the dropdown menu below]
Public Safety, Core Services & Fiscal Excellence
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Background Information:
As part of the budget process, a 10-year CIP plan is approved annually by City Council. Approved FY 2023 projects from the approved 10-year plan, along with projects that were deferred from a prior year are compiled and reviewed by staff for appropriate scope, timing and funding. Funding for the projects comes from a combination of sources, including issuance of debt.
Attached is a presentation and worksheet detailing projects, funding sources and anticipated debt to be issued in support of the FY23 Capital Improvement Program.
A future agenda item will include the detailed multi-year financing plan, and Resolution directing publication of the Notice of I...
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