Laserfiche WebLink
10.A. - Page 1 of 21 <br />/<�ik <br />Redwood <br />CitylCallifornia <br />Faunded 1867 <br />A,&/ <br />DATE: May 6, 2019 <br />SUBJECT <br />STAFF REPORT <br />To the Honorable Mayor and City Council <br />From the City Manager <br />Fiscal Year 2019-20 and Five Year Capital Improvement Program (CIP) Study Session <br />RECOMMENDATION <br />Receive information on the proposed fiscal year 2019-20 CIP and five year CIP, covering fiscal years 2019- <br />20 to 2023-24, and provide feedback. <br />STRATEGIC INITIATIVE <br />Government Operations <br />BACKGROUND <br />The capital improvement program is a valuable resource to achieving large scale improvements to public <br />infrastructure and community services. Each year, staff present the next year's CIP project <br />recommendations for the City Council to review in spring for adoption with the budget in June. Proposed <br />projects cover a diverse range of topics from above and below ground infrastructure improvements to <br />public facility and service enhancements. Based on the City Council's direction, project funding is <br />distributed among projects for the upcoming fiscal year. <br />Concurrently, staff also present a five year CIP for the City Council to review. A five year CIP provides <br />longer term perspective on needed capital investments and is a fiscal and strategic tool to plan, fund, <br />prioritize and monitor capital investments in the community. Staff have updated the five year CIP to cover <br />fiscal years (FY) 2019-20 through 2023-24. The five year CIP includes the proposed capital budget for FY <br />2019-20, which is adopted with the FY 2019-20 operating budget, as well as planned project needs for FY <br />2020-21 through 2023-24. Project funding for future years of the CIP is not requested at this time, but is <br />used as a planning tool to inform decisions. A description of each project within the CIP is provided on the <br />City's website at http://webgis.redwoodcity.org/community/ under City Projects, Infrastructure Projects. <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore <br />388 <br />