Staff recommends that City Council adopt the FY2025-2029 Capital Improvement Plan.

The originally proposed CIP was provided to Council at the work session on 11/6/2023 and again on 11/20/2023. During that time the bond levy question before voters was not approved. As such, many of the related projects in the proposed CIP have been changed or removed due to the lack of available funding. Many of these changes and items for discussion were provided at the 11/20/2023 work session and have been incorporated into the CIP presented to Council this evening. The original CIP presented on 11/6/23 totaled $588 million in projects over the 5-year term. The CIP attached and proposed for adoption, which has been modified due to the shift in Park Project funding, includes a total of $449 million in projects.

The following is a list of modifications from the CIP that was proposed on 11/6 based upon Council input and staff recommendations.
Projects Removed Entirely:
Castle Rock Park ($12.1 million)
Centennial Park ($8.1 million)
Cottonwood Park ($1 million)
Coulson Park ($3.1 million)
North Park Center ($4.1 million)
Zimmerman Center ($4.1 million)
Highway 3 Underpass ($1.0 million)
Multi-Generational Rec Center

Projects Modifications
POLY VISTA PARK - This project includes $200,000 funding in FY25 to help provide funds to Landon's Legacy towards the purchase and installation of the playground equipment. Additionally, there is another $500,000 in FY27 which will be used to support Landon's Legacy in funding and building a splash pad. The current FY24 budget includes $535,000 for completion of the parking lot and pathways around the playground.
SOUTH PARK POOL - This project remains in the CIP with $400,000 funded in FY25 from the General Fund for continued design of the building and $10 million in FY26 to be debt funded for construction.
WESTEND RESERVOIR - This project remains in the CIP with $6.0 million in FY27 funded by debt
STAGECOACH TRAIL - This project remains in the CIP  in FY25 with funding from the General Fund at $605,000, $100,00 from TrailNet, $100,000 from a State grant, and the remainder from teh Transportation Alternative Program allocation at $4.7 million.
25TH STREET BRIDGE - This project remains in the CIP, but has been moved to 100% funded by a federal grant that has been applied for. The results of this grant are expected to be known in early 2024.
N 27TH STREET SIDE PATH - This project was moved to FY29 due to TAP funding limitations, and includes $100,000 from the General Fund
ALKALI CREEK TRAIL - This project was moved to FY25&26 due to TAP funding limitations, and includes $100,000 from the General Fund
DOWNTOWN-COULSON PARK TRAIL - This project was moved to FY26&27 due to TAP funding limitations, and includes $100,000 from the General Fund
SBURA UNIMPROVED STREETS - This project remains in the CIP, but the staff recommendation is that 50% of the construction costs be covered by an SID and the remaining portion to be covered by Tax Increment Funds.
MET SECURITY CAMERAS - The original CIP contained two security camera projects, one at the Transfer Centers and another at the METroplex. These projects are unchanged, other than the planned timeline for each were swapped, one remains in FY25 and the other in FY27.
SOLID WASTE - This project was added to the CIP to include the Landfill Gas Collection Phase II. This project will be paid for from Solid Waste Revenues in FY25 & 27

City Council may:

• Approve;
• Modify; or,
• Not Approve the FY2025 - 2029 CIP

The FY2025 - 2029 CIP totals $449 million in total projects over the 5 years. The total in FY25, $64 million, will be included in the FY25 proposed budget. Future year projects will be allocated in future year budgets as funding allows, but plans will be made to ensure identified funding sources are available at that time. The 5 year CIP is planned to be funded by User Fees (37%), Grants (21%), Special Assessments (15%), State Revenues (12%), Debt (11%), and Taxes (4%).