The final drafts of the fiscal year (FY) 2014-2018 Capital Improvement Plan (CIP), Equipment Replacement Plan (ERP), and Technology Replacement Plan (TRP) were presented to the City Council at the March 4, 2013 work session. Based on the outcome of that meeting, Council is being asked to hold a public hearing and consider adopting the FY 2014 to FY 2018 CIP, the FY 2014 ERP and the FY 2014 TRP.

Council may:

• Hold a public hearing and adopt the CIP, ERP, and TRP as presented; or,
• Hold a public hearing and take no action which will not allow the items in the CIP, ERP, and TRP to be included in the city’s budget for FY 2014; or,
• Hold a public hearing, amend the program(s) to include any desired projects and changes, and adopt the CIP, ERP, and TRP as amended; or,
• Hold a public hearing and defer action to a later Council meeting.

The CIP, ERP, and TRP are financial tools that indicate the City Council's priorities when the City departments prepare their annual budgets. For the FY 2014 budget, the proposed CIP would result in expenditures totaling $53,179,547. The recommended replacements for the ERP total $3,462,238 for FY 2014. The TRP for FY 2014 would result in expenditures totaling $1,140,631 of which $821,111 is for capital and $319,520 is for operation and maintenance. The items in each of the programs are identified and proposed by staff. However, Council amendments and the availability of funds in FY 2014 and future years could affect the actual costs of the items in those programs. Copies of the CIP, ERP, and TRP are on file in the City Clerk's Office.

Staff recommends Council approve the FY2014-FY2018 CIP, FY2014 ERP, and FY2014 TRP.