that the Commission adopt a resolution
approving the 10 year Capital Improvement Plan as a planning document.
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.
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
$__________. Basd 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.
approve the 10 year Capital Improvement Plan, or
2. Such alternative action as the Commission may deem appropriate
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
analysis will be necessary at the time.
Prepared by: ______________________
Attachments: Yes____ No ______
Advertised: ____Not Required ______
Attorney Review : Yes___ No ____
Reviewed by: Dept. Head ________
Finance Dept. __________________
Deputy C.M. ___________________
City Manager ___________________
Account No. _________________
Project No. ___________________
WF 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
on May 4, 2006
and ______, the
City Commission met to discuss bonded Capital Projects and available funds for
non-bonded projects to determine priorities;
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 authorize 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 day of