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
Funds Required: Click or tap here to enter text.
Account Number: Click or tap here to enter text.
Funds Available: Click or tap here to enter text.
Account Name: Click or tap here to enter text.
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
Choose an item.
Choose an item.
Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
☐ Economic Development - Choose an item.
☐ Environment & Resource Protection - Choose an item.
☐ Land Use - Choose an item.
☐ Neighborhoods & Housing - Choose an item.
☐ Parks, Public Spaces & Facilities - Choose an item.
☐ Transportation - Choose an item.
☐ Core Services
☐ Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
Choose an item.
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 Intent to issue debt.
Council Committee, Board/Commission Action:
Click or tap here to enter text.
Alternatives:
Click or tap here to enter text.
Recommendation:
Click or tap here to enter text.