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· Are there projects in the proposed five-year CIP that the Council believes are not <br />warranted? <br /> <br />· Should the substandard street improvement project be included in the CIP? And <br />if so, would cost-sharing of improvements be expected? The substandard street <br />improvement project would require a substantial investment of staff time and <br />could cost up to $110 million to bring all the streets in the City to current <br />standards with curbs, gutters, sidewalks, and drainage facilities. The City <br />periodically receives inquiries about improvements to these streets, particularly <br />because of flooding. These are mostly residential streets that were incorporated <br />into the City in a substandard condition in accordance with the preferences of the <br />residents at the time. The City has not developed a CIP project to <br />comprehensively assess potential improvements to substandard streets, resident <br />desires, or funding mechanisms. Because such a project would be a significant <br />undertaking, staff seek Council direction on whether this should be included in <br />the CIP, and whether cost-sharing of improvements would be expected. Past <br />practice has been to fund such improvements through an assessment district that <br />includes the properties directly benefiting from the capital investment. <br /> <br />· Storm water projects, given the current revenue sources, are unlikely to be fully <br />funded in the next few years. However, these projects are needed to meet the <br />public safety. Should staff explore dedicated funding options to fund storm water <br />projects such as a storm water fee? <br /> <br />· Should staff pursue one or more new revenue options to fund capital projects? If <br />so, an initial step would be discussion with the Finance and Audit Committee. <br /> <br />ALTERNATIVES <br />Council may provide input on the proposed Five Year CIP and/or request that staff <br />modify the approach used. <br /> <br /> <br />FISCAL IMPACT <br />The assessment of potential projects anticipates total costs of $527.9 million. Current <br />revenue sources are anticipated to generate approximately $143 million over the next <br />five years. The proposed FY 2017-18 project request of $37.8 million balances <br />proposed project funding requests with anticipated revenue and staff capacity. <br /> <br />ENVIRONMENTAL REVIEW <br />The Five Year CIP budget and development process is not a project pursuant to the <br />California Environmental Quality Act (CEQA) pursuant to CEQA Guideline 15378(b)(4) <br />9.A - Page 17