AgdaPkt 2013-04-22 - Laserfiche WebLink

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8.B. - Page 3 ANALYSIS Staff evaluated and analyzed the proposed CIP budget from the perspective of project delivery, including timing of project phases. Where appropriate, amounts for the project planning or design phases are shown in different fiscal years within the Five Year Plan. Additionally, programs are evaluated from the perspective of adjoining or related projects, as appropriate. For example, ongoing infrastructure maintenance may be timed to coincide with new development, to minimize disruption. As a result, these ongoing program expenditures may be less linear than in prior years. Also, more emphasis is placed on funding projects that are ready for construction. This helps ensure that funds are utilized in a timely manner while also reducing the need to accumulate funds and carry balances forward from year to year. In FY 2014-15 through FY 2016-17, projects are included for which funding is anticipated but not yet confirmed. Anticipated funding includes potential cost sharing, bond financing, and fees provided by private developers. This anticipated funding is included in the projected revenue subtotal, and is then subtracted from the net fund balance. If these outside funding sources do not materialize, projects would either be rescheduled to subsequent years, re-scoped to fit within available funds, or cancelled. Major projects that are being added or amended in the budget include: New proiects • Redwood Creek Channel Improvement: A study was completed in 2012 to assess deficiencies along the 8 mile creek system. $500,000 is programmed for FY 2013-14 for permitting and design of the repairs and construction to take place in the following years. This will be a multi-year project, so the repairs will be done as funds become available. • Stulsaft Park Retaining Wall: $200,000 is programmed in FY 2013-14 for permitting and design of the retaining wall for the access road in the park. Construction is planned for the following year. • Roosevelt Street Undergrounding of Utilities Phase III: $500,000 is budgeted in FY 2013-14 to establish the undergrounding district and design for Roosevelt Street between Valota Road and Upton Ave. Construction with an estimated budget of $3,000,000 is planned for FY 2016-17. Previously authorized proiects • Walnut Street/101 Interceptor Replacement Sewer: This will improve the reliability of sewer transmission across 101 by adding a 60-inch line. In the current adopted budget the project was planned for construction in FY 2014-15. Since funding is available in the Sewer Enterprise fund, this project is now planned for construction in FY 2013-14. Funds previously programmed in FY 2014-15 ($2.5 Million) are now planned in FY 2013-14. • The planned construction for the replacement of Fire Station 12 with a Redwood City/ San Carlos/ County combined-use facility has been delayed another year