AGENDA ITEM REPORT
TITLE:
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A RESOLUTION ADOPTING THE CAPITAL IMPROVEMENT PROGRAM FOR FISCAL YEAR 2018 THROUGH FISCAL YEAR 2022, PURSUANT TO SECTION 602 OF THE CITY CHARTER. (PUBLIC HEARING)
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BACKGROUND:
On July 27, 2017, the Proposed Fiscal Year 2018 (FY18) Budget and Capital Improvement Program (CIP) document was submitted to the City Commission. The CIP was presented to and reviewed by the City Commission at the Budget Workshop held on August 2, 2017.
DISCUSSION:
This Resolution will establish the City’s CIP for FY18 through FY22, pursuant to Section 602 of the City Charter, with the following amendment made to the FY18 Proposed Budget and CIP authorized by the City Commission at the Budget Workshop:
Capital Improvement Program Fund (39)
Expenditures Increase Decrease
Recreation Complex Splash Pad $300,000
Sabal Pines Restrooms $250,000
Resources Available $50,000
Water/Sewer Capital Improvement Fund (42)
Expenditures Increase Decrease
Vinkemulder Road Utilities Installation $160,000
Resources Available $160,000
RECOMMENDATION:
Staff recommends approval of this Resolution.
FISCAL IMPACT: N/A