10-Year Capital Improvement Plan
FY 2024 - 2033
Agenda Item 12.A
By: Benjamin A. Fine, P.E.
Director of Public Works/City Engineer
Meeting Date: August 1, 2023
Background
•Overview & Purpose
•Plan Development
•Council Action
Overview & Purpose
Plan Development
•Last 10-Year CIP approved June 1, 2021 for FY 22 through FY 31
•Process
•Staff drafted the Plan
•Received input from all Departments
•Capital projects
•Estimated cost
•Estimated funding source
Plan Development
•Objectives:
•Preserve and improve the infrastructure
•Maximize the useful life of capital investments
•Identify current and future infrastructure needs
•Establish priorities among projects
•Improve financial planning
Plan Development
•Finance Review:
•Updated Projects Already Budgeted & In Progress
•FY 2024 & FY 2025 are consistent with Adopted Budgets
•FY 2026 through FY 2033 include projects not budgeted
•June 7, 2023: Staff Final Review
•June 13, 2023: Planning Commission Review
•Planning Commission found consistency with General Plan •August 1, 2023: City Council Review
•Future: Update Plan biennially with the budget process
CIP Highlights
•Chumash & Palisades Park Improvements
•Hinds/Ocean View Pedestrian Path
•Bello/Price Canyon Road Signalization
•Addie Street Restroom Improvements
•Police Parking Annex
•Central Coast Blue
•Public Safety Facility
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Questions