TO:
FROM:
Honorable Mayor and City Council
Department of Public Works
nda Report
April 24, 2023
SUBJECT: PUBLIC HEARING: CITY MANAGER'S RECOMMENDED FISCAL YEAR 2024 - 2028 CAPITAL IMPROVEMENT PROGRAM BUDGET
RECOMMENDATION:
It is recommended that the City Council:
1. Open the public hearing on the City Manager's Recommended FY 2024 - 2028 Capital Improvement Program (CIP) Budget; and
2. Continue the public hearing to subsequent meeting of the City Council, as necessary, until the City Council determines that the public hearing may close and then formally adopt the FY 2024 - 2028 CIP Budget.
BACKGROUND:
The City of Pasadena Charter requires that the Recommended FY 2024 - 2028 CIP Budget for the upcoming fiscal year be submitted to the City Council on or before the third Monday in May. To encourage public participation in the process, a copy of the Recommended FY 2024 - 2028 CIP was placed in the City Clerk's Office on April 10, 2023, and it can also be found on the City's website at https://www.cityofpasadena.net/public-works/engineerinq-and-construction/capital improvement-program.
Summary of CIP
The CIP budget identifies significant investment in the City's infrastructure by funding major projects designed to expand, enhance, and/or preserve the capital assets of this City. The Recommended FY 2024 - 202'8 CIP Budget contains 206 active projects with a total estimated cost of $1,502,741,023. The CIP Budget contains 25 new projects, and a total recommended appropriation of $289, 197,572 to 122 projects as detailed in the Attachments. In addition, the CIP Budget contains a "Future Projects" section which identifies an additional 49 projects with a total estimated cost of $396 million. The table below summarizes the Recommended FY 2024 - 2028 CIP in terms of costs.
MEETING OF __ o4_J_2_4_J_20_2_3_
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City Manager's Recommended FY 2024 CIP Budget
April 24, 2023
identifies an additional 49 projects with a total estimated cost of $396 million. The table below summarizes the Recommended FY 2024 - 2028 CIP in terms of costs.
Total Estimated Total Appropriated Recommended Total
Cost of Active Estimated Through FY FY 2024 Outstanding Projects Cost of Future 2023 Funding Need
Projects
$1,502,741,023 $396,221,750 $514,563,333 $289,197,572 $1,095,201,868 Attachment Dis the City Manager's FY 2024 CIP Budget Transmittal Letter. This letter highlights the achievements and goals of this CIP budget and demonstrates a significant investment in infrastructure and major maintenance projects designed to expand, enhance, and/or preserve the foundations of Pasadena.
COUNCIL POLICY CONSIDERATION:
All projects in the Recommended CIP address and further the City Council's six strategic plan goals to maintain fiscal responsibility and stability; improve, maintain and enhance public facilities and infrastructure; increase conservation and sustainability; improve mobility and accessibility throughout the city; support and promote the quality of life and the local economy; and ensure public safety. In addition, all projects have been found to be consistent with the General Plan.
ENVIRONMENTAL ANALYSIS:
Adoption of the CIP budget is not a project subject to the California Environmental Quality Act.
City Manager's Recommended FY 2024 CIP Budget
April 24, 2023
FISCAL IMPACT:
Recommended appropriations in the Recommended FY 2024 - 2028 Capital Improvement Program total $289,197,572. Details regarding the sources of funding are included in Exhibit B (See Attachment B). Impact to General Fund is $1,120,000 to two projects (See Attachment B).
Prepared by:
Phylli Hallowell
Management Analyst V
Approved by:
MIGUARQUEZ
City Manager
Respectfully submitted,
Director of Public Works
Attachment A- Recommended FY 2024- 2028 CIP Totals by Category Attachment B - Exhibit B - Recommended FY 2024 - 2028 Capital Improvement Program
Attachment C - Recommended FY 2024 - 2028 New Projects
Attachment D - City Manager's FY 2024 CIP Budget Transmittal Letter