AGENDA MEMORANDUM

 

 

Meeting Date:           September 25, 2006

                                   

From:                          Jerry Boop, Deputy Finance Director

 

Subject:                      Resolution approving the Capital Improvement Plan for

                                    Fiscal Years 2006-2016(Amended)

                                   

 

Staff Recommendation:       

Staff recommends the Commission adopt a resolution approving the 10 year Capital Improvement Plan as a planning document presented to the Commission May 4, 2006 and preliminarily approved at the June 12, 2006.

 

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. 

 

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 preparation of the proposed annual budget for fiscal year 2006-07.

 

Options:        

1.      Approve Resolution adopting  the 10 year Capital Improvement Plan, or

2.      Such alternative action as the Commission may deem necessary.

 

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 that time.

 

Submission Date and Time__________

Department: ______________________

Prepared by:  __________________                     

Attachments:  Yes____   No ______

Advertised:   ____Not Required ______                     

Dates:   __________________________                     

Newspapers:

_________________________________                                                    

_________________________________           

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 2006-2016 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 2006-2016, which was used as a planning document for the budget for fiscal year 2006-07; and, 

 

            WHEREAS on May 4, 2006 and June 12, 2006, 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 2006-2016 incorporates the results of the City Commission workshop and will be used during the preparation of the budget for Fiscal Year 2006-07.

 

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

 

THAT the Capital Improvement Plan for fiscal years 2006-2016 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 25th of September, 2006.

 

 

                                                                            __________________________

                                                                             Mayor

ATTEST:

 

 

__________________________

City Clerk