The final draft of the FY 2015-2019 Capital Improvement Plan (CIP), the FY 2015 Equipment Replacement Plan (ERP), and the FY 2015 Technology Replacement Plan (TRP) were presented to the City Council at the March 17, 2014 work session. Based on the outcome of that meeting, Council is being asked to hold a public hearing and consider final adoption of the Fiscal Year (FY) 2015 to FY 2019 CIP, the FY 2015 ERP and the FY 2015 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 Fiscal Year (FY) 2015, 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's priorities when the budgets are prepared by the City’s departments. For the FY 2015 budget, the proposed CIP would result in expenditures totaling $72,778,688.  The recommended replacements for the ERP total $6,519,479 for FY 2015.  The TRP for FY 2015 would result in expenditures totaling $578,747 of which $229,450 is for capital and $349,297 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 2015 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 that Council approve the FY 2015 to FY 2019 CIP, the FY 2015 ERP and the FY 2015 TRP.