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REVISED
Agenda Report
April 15, 2024
TO: Honorable Mayor and City Council
FROM: Department of Public Works
SUBJECT: PUBLIC HEARING: OPEN THE PUBLIC HEARING AND RECEIVE
INFORMATION RELATING TO THE TIMELINE AND PROCESS FOR
THE CITY MANAGER'S RECOMMENDED FISCAL YEAR 2025 - 2029
CAPITAL IMPROVEMENT PROGRAM BUDGET (CORRECTED
REPORT)
I
RECOMMENDATION:
It is recommended that the City Council:
1. Open the public hearing on the City Manager's Recommended FY 2025 - 2029 Capital Improvement Program (CIP) Budget;
2. Receive information relating to the proposed timeline and process for this year's Capital Improvement Program Budget; and
3. Continue the public hearing to May 6, 2024 at 5:30 p.m., and as necessary, thereafter at each subsequent meeting of the City Council until the City Council determines that the public hearing may close and then formally adopt the FY 2025 - 2029 CIP Budget.
BACKGROUND:
The City of Pasadena Charter requires that the Recommended Fiscal Year (FY) 2025 - 2029 Capital Improvement Program (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 2025 - 2029 CIP was placed in the City Clerk's Office on April 1 ,2024,and it can also be found on the City's website at
https://www.citvofDasadena.nefpublic-works/enaineerina-and-construction/capital- improvement-proaram.
MFFTINC,OF 04/15/2024AGENDA ITEM NO.12
City Manager's Recommended FY 2025 CIP Budget
April 15, 2024
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 2025 - 2029 CIP Budget contains 213 active projects with a total estimated cost of $2,004,111,530. The proposed CIP Budget contains 22 new projects, and a total recommended appropriation of $139,779,473 to 117 projects as detailed in Attachments A and Attachment B. In addition, the CIP Budget contains a "Future Projects" section which identifies an additional 50 projects with a total estimated cost of $441 million. The table below summarizes the Recommended FY 2025 - 2029 CIP in terms of costs.
Total Estimated
Cost of Active
Projects
Appropriated
Through FY
2024
Recommended
FY 2025
FY 2026 - 2029
Active Projects
Outstanding
Funding Need
Total Estimated
Cost of Future
Projects
$2,004,111,530 | $757,895,252 | $139,779,473 | $1,106,436,8051|| $441,499,200 The recommended actions will open the public hearing and continue the public hearing to May 6, 2024, and thereafter until adoption of the FY 2025 - 2029 CIP Budget. A staff presentation for proposed FY 2025 CIP funding appropriations is scheduled for a joint Finance Committee/City Council meeting on April 29, 2024.
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.
ENVIRONMENTAL ANALYSIS:
Adoption of the CIP budget is not a project subject to the California Environmental Quality Act.
City Manager's Recommended FY 2025 CIP Budget
April 15,2024
FISCAL IMPACT:
Recommended appropriations in the Recommended FY 2025 - 2029 Capital Improvement Program total $139,779,473. Details regarding the sources of funding are included in Exhibit B (See Attachment B). Impact to General Fund is $1,000,000 to one project (See Attachment B).
Respectfully submitted,
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TCM^Y OLMOS, P.E.
Director of Public Works
Prepared by:
Denise Garcia
Acting Management Analyst IV
Approved by:
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City Manager
Attachment A - Recommended FY 2025 - 2029 CIP Totals by Category Attachment B - Exhibit B - Recommended FY 2025 - 2029 Capital Improvement Program