TO: Mayor and Commissioners
FROM: Marie Kalka, Finance Director
THROUGH: Jennifer Alvarez, Interim City Manager
DATE: September 22, 2020
Title
APPROVAL OF 2021 THROUGH 2025 CAPITAL IMPROVEMENT PROGRAM BUDGET
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Recommended Action:
Recommendation
Motion to approve Capital Improvement Program (CIP) Budget for 2021 through 2025.
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Background:
The Capital Improvement Program is essential to planning, prioritizing, and coordinating Capital Improvement Projects within the City of Delray Beach (City). The CIP is a five-year plan for the City's major projects and expenditures. CIP projects must have a monetary value of at least $25,000, and a life cycle of at least five years. The project results in the creation of a fixed asset, or the revitalization of an existing asset.
CIP projects may include:
• Construction of new physical facilities, including all types of infrastructure from Utilities distribution pipes or Water Treatment Plant, to roadway reconstruction, stormwater improvements and vertical construction such as buildings
• Remodeling or expansion of existing facilities
• Major equipment and machinery for new or expanded facilities
• Cost of engineering or architectural studies and services relative to the improvement
• Street construction, reconstruction, resurfacing, or renovation
A number of funds are included within the CIP including Special Projects, Recreational Impact Fee, Beautification Trust, Beach Restoration, Cemetery, Municipal Golf Course, Lakeview Golf Course, City Garage, General Construction, Infrastructure Surtax, Water & Sewer and Stormwater Utility. Budgetary considerations included in the CIP for 2021 through 2025 include a focus on the improvement of the City's Infrastructure through improvement of our roadways, building of new Fire Station 113, repairs to City-owned bridges, beach re-nourishment and numerous water/sewer replacement and improvement projects.
City Attorney Review:
N/A
Funding Source/Financial Impact:
Failure to adopt the Capital Improvement Program for 2021 through 2025 will result in a deficit of funding for City projects included within the Capital Improvement Program.
Timing of Request:
Adoption of the 2021 through 2025 Capital Improvement Program Budget is time sensitive in order for funding to be in place at the beginning of the fiscal year on October 1, 2020.