AGENDA MEMORANDUM

 

 

Meeting Date:           May 22June 12, 2006

 

From:                          Bill PfeilstickerJerry Boop, Deputy Finance Director

 

Subject:                      Resolution to approve the Capital Improvement Plan for Fiscal

                                    Years 2006-16

 

 

Staff Recommendation:

Staff recommends that the Commission adopt a resolution approving the 10 year Capital Improvement Plan as a planning document.

 

 

 

Analysis:

In January 2006, departments began the yearly update of the 10 year Capital Improvement Plan.  The Finance Department provided the history of revenue sources and projections.

 

On May 4th, the City Commission held a retreat and discussed how growth impacts the community and necessitates substantial capital improvements.  The bond funded Capital Projects and non-bonded funded projects were proposed as described in the document.  The primary focus of the review was on 2006-07 projects totaling $ 38,764,103.  Based on the consensus of tThe Commission’s concensusconsensus , the results hasve been incorporated into the attached final product.

 

 

On May _____, the City Commission held a follow-up retreat to prioritize large capital improvement projects with a primary focus on 2005-06 projects totaling $__________.  Based on the consensus of the Commission, the results have been incorporated into the attached final product.

 

Capital improvements are a vital part of the operation and growth of the City of Leesburg.  Each department will use information from this document in the preparation of the proposed annual budget for fiscal year 2006-07.

 

Options:

1.  Adopt a Rresolution to approve the 10 year Capital Improvement Plan, or 

2.  Such alternative action as the Commission may deem appropriate

 

 

Fiscal Impact

The adoption of this document will have no direct or immediate fiscal impact.  The impact will occur when a budget is adopted that implements all or a portion of the plan.  Detailed analysis will be necessary at the time.

 

 

Submission Date and Time:    6/12/2006 12:56 PM6/8/2006 10:13 AM6/8/2006 9:49 AM6/7/2006 4:40 PM6/7/2006 2:43 PM6/7/2006 12:55 PM5/30/2006 2:55 PM5/10/2006 4:12 PM____

 

 

Department: ______________________

Prepared by:  ______________________                     

Attachments:         Yes____   No ______

Advertised:   ____Not Required ______                     

Dates:   __________________________                     

Attorney Review :       Yes___  No ____

                                                

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head ________

 

Finance  Dept. __________________                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager ________RS___________

 

Account No. _________________

 

Project No. ___________________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________


 

RESOLUTION NO._______________

 

 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, APPROVING THE CAPITAL IMPROVEMENT PLAN FOR FISCAL YEARS 2006-16 PROVIDING THAT PROJECTS SHALL BE EVALUATED ANNUALLY FOR FISCAL FEASIBILITY AND DULY AUTHORIZED BY THE COMMISSION PRIOR TO COMMENCEMENT; AND PROVIDING AN EFFECTIVE DATE.

 

            WHEREAS the Mayor and City Commission adopted a 10-year Capital Improvement Plan for Fiscal Years 2005-15, which was used as a planning document for the budget for fiscal year 2005-06; and

 

            WHEREAS on May 4, 2006, and ______, the City Commission met to discuss bonded Capital Projects and available funds for non-bonded projects to determine priorities;

 

            WHEREAS the Capital Improvement Plan for Fiscal Years 2006-16 incorporates the results of the City Commission workshop and will be used during the preparation of the budget for Fiscal Year 2006-07;.

 

BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:

 

            THAT the Capital Improvement Plan for fiscal years 2006-16 is hereby approved as presented with the provision that projects shall be evaluated annually for fiscal feasibility and duly authorized by the Commission prior to commencement.

 

             THAT this resolution shall become effective immediately.

 

PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a regular meeting held the 22nd 12th day of MayJune, 2006

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

__________________________

City Clerk