††††††††† AGENDA MEMORANDUM

 

Meeting Date:†††††††††† July 9, 2007

 

From:††††††††††††††††††††††††† Jerry Boop, Deputy Finance Director

 

Subject:††††††††††††††††††††† Resolution to approve the Capital Improvement Plan for Fiscal

††††††††††††††††††††††††††††††††††† Years 2007-17

 

 

Staff Recommendation:

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

 

Analysis:

In January 2007, departments began the yearly update of the 10 year Capital Improvement Plan.† The Finance Department provided the history of revenue sources and projections.

 

The City Commission held a workshop June 4, 2007, to discuss how growth impacts the community and the projects absolutely necessary in view of the legislative changes anticipated regarding property tax reduction.††† 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 2007-08 capital expenditures totaling $21,510,765.† The Commissionís consensus will be† incorporated into the final CIP approved in September.

 

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 2007-08.

 

Options:

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

2.† Such alternative action as the Commission may deem appropriate

 

Fiscal Impact:†

Adopting the Capital Improvement Plan †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.†

 

Submission Date and Time:††† 7/9/2007 4:53 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 ___________________

 

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 2007-17 PROVIDING THAT PROJECTS SHALL BE EVALUATED 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 2006-16, which was used as a planning document for the budget for fiscal year 2006-07; and

 

††††††††††† WHEREAS on June 4, 2007, 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 2007-17 will incorporate the results of the City Commission workshop and will be used during the preparation of the budget for Fiscal Year 2007-08;

 

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

 

††††††††††† THAT the Capital Improvement Plan for fiscal years 2007-17 is hereby approved as discussed at the June 4, 2007, workshop with the provision that projects shall be evaluated †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 †9th †day of July, 2007.

 

 

 

††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† __________________________

†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† Mayor

 

ATTEST:

 

 

__________________________

City Clerk