The final drafts of the FY 2012-2016 Capital Improvement Plan (CIP), Equipment Replacement Plan (ERP), and Technology Replacement Plan (TRP) were presented to the City Council at the March 7, 2011 Work Session. Based on the outcome of that meeting, the Council is being asked to hold a public hearing and consider final adoption of the CIP, ERP, and TRP on March 28, 2011.

• Hold a public hearing and defer action to April 11, 2011.
• Hold a public hearing, amend the Program to include any desired projects and changes, and adopt the CIP, ERP, and
   TRP as amended.
• Hold a public hearing and postpone action indefinitely.
• Hold a public hearing and adopt the CIP, ERP, and TRP as presented.

The CIP, ERP, and TRP are financial tools that indicate the City's priorities when budgets are prepared. For the Fiscal 2012 budget, the proposed CIP would result in expenditures totaling $66,477,990, which includes $6,161,000 of unfunded general fund projects in PRPL.  If fully funded, the ERP would result in expenditures totaling $4,305,190, and the TRP would result in expenditures totaling $631,335.  Projects are identified and proposed by staff, however, Council amendments and the availability of funds in FY 2012 and future years could affect the actual costs. Copies of the CIP, ERP, and TRP are on file in the City Clerk's Office.

Staff recommends that Council approve the FY 2012 ERP and TRP, and the FY 2012–2016 CIP.