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<br /> <br />ECC <br />UGENE ITY OUNCIL <br />AIS <br />GENDA TEM UMMARY <br /> <br /> <br /> <br /> <br />Action: FY 2014-2019 Capital Improvement Program <br /> <br /> <br />Meeting Date: March 11, 2013 Agenda Item Number: 4 <br />Department: Central Services Staff Contact: Pavel Gubanikhin <br />www.eugene-or.gov Contact Telephone Number: 541- 682-5512 <br /> <br /> <br /> <br />ISSUE STATEMENT <br />This item is a request for the City Council to adopt the Capital Improvement Program (CIP) for <br />fiscal years 2014 through 2019 (FY 2014-2019). <br /> <br /> <br />BACKGROUND <br />The Capital Improvement Program (CIP) is a planning document that forecasts the City's capital <br />needs over a six-year period based on various City-adopted, long-range plans, goals and policies. <br />The FY 2014-2019 CIP for the Airport, Parks and Open Space, Public Buildings and Facilities, <br />Stormwater, Transportation and Wastewater totals approximately $329.9 million, of which $177.1 <br />million is funded and $152.8 million is unfunded. The Financial Summaries section of the CIP <br />document contains tables summarizing all CIP projects, a six-year funding summary, and maps <br />indicating the geographic location of funded CIP projects. <br /> <br />The primary goals of the CIP are to: <br /> <br />• Provide a balanced program for capital improvements given anticipated funding revenues over <br /> a six-year planning period; <br />• Illustrate unmet capital needs based on anticipated funding levels, and; <br />• Provide a plan for capital improvements which can be used in preparing the Capital Budget for <br />the coming two fiscal years. <br /> <br />Capital projects are generally large-scale endeavors in terms of cost, size and benefit to the <br />community. The underlying strategy of the CIP is to plan for land acquisition, construction, and <br />major preservation of public facilities necessary for the safe and efficient provision of services. A <br />critical element of a balanced CIP is the provision of funds to preserve or enhance existing <br />facilities and provide new assets that will aid response to service needs and community growth. <br /> <br />Funded Projects <br />Projects with funding identified or funding secured in this CIP total approximately $177.1 million. <br /> <br />Approximately $69.6 million of anticipated spending on Transportation projects represents the <br />largest portion of the CIP. The Pavement Preservation Program projects account for $67.3 million <br />of the Transportation projects. <br /> S:\CMO\2013 Council Agendas\M130311\S1303114.doc <br /> <br />