HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 02/06/2001 - RESOLUTION 2001-20 REGARDING CAPITAL IMPROVEMENT P AGENDA ITEM SUMMARY ITEM NUMBER: 32
DATE: February 6, 2001
FORT COLLINS CITY COUNCIL STAFF:
John Fischbach
SUBJECT:
Resolution 2001-20 Regarding Capital Improvement Projects.
RECOMMENDATION:
Staff recommends adoption of the Resolution.
EXECUTIVE SUMMARY:
The City is responsible for planning,constructing and maintaining a wide array of capital facilities
that support City services provided to the community. Recently, the City completed a 10-year
Capital Improvement Plan and Inventory that includes projects that are fully as well as partially
funded and an inventory of unfunded projects.
The estimated cost for capital improvement projects, in each of these categories, is as follows:
Estimated cost of funded projects ............................ $ 322.1 million
Estimated cost of partially funded projects .................. 360.4 million
Estimated cost of unfunded projects ......................... 347.6 million
Grand Total ................................................... $1.030 billion
Initially, the number, the diversity, and the estimated cost for the projected public facility
improvements is daunting. As we work to make the plan and inventory more manageable and
practicable, it was suggested that the following elements and principles be considered:
City Council establish a "short list" of priority capital projects along with a
preliminary plan for financing the projects. The Resolution states that the short list
will be reviewed and updated as necessary every four (4) years.
To the extent possible, capital projects will incorporate low maintenance
elements—this is to minimize ongoing operation and maintenance costs.
All proposed capital projects will include an estimate of ongoing operation and
maintenance costs. We need to make sure we are taking into account and planning
as best we can for the full range of costs for all our capital projects.
DATE: February 6, 2001 2
ITEM NUMBER: 32
If voter approval is sought for financing capital improvement projects,the financing
strategy should include the capital costs (design, engineering and construction) as
well as ongoing operation and maintenance costs.
With Council approval of Resolution 2001-20,these guidelines will be incorporated into approaches
for planning and financing the City's capital facilities.
RESOLUTION 2001-20
OF THE COUNCIL OF THE CITY OF FORT COLLINS
REGARDING CAPITAL IMPROVEMENT PROJECTS
WHEREAS, the City is responsible for constructing a wide variety of capital facilities to
support the provision of municipal services; and
WHEREAS,Fort Collins' City leaders and voters have done a good job of investing in and
providing a wide range of public facilities that address the basic needs of the City as well as those
that enhance the quality of life of citizens in our community; and
WHEREAS,a 10-year Capital ImprovementPlan and Inventory has recently been completed
that lists a wide range of capital projects that are fully or partially funded,together with an inventory
of unfunded projects.
NOW,THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That, with the preparation of each biennial budget, the City Council will
establish a four-year list of priority capital projects for which funding is limited or nonexistent, and
an accompanying preliminary funding strategy.
Section 2. That the design and construction of capital projects will include and
emphasize low maintenance elements.
Section 3. That all proposed capital projects will include an estimate of ongoing
operations and maintenance costs.
Section 4. That operations and maintenance funding will be included in the strategy for
funding the construction of each new capital project.
Section 5. That, with regard to all capital projects for which Council seeks voter-
approved funding, Council will submit to the voters a proposed funding source to at least partially
cover the costs of operating and maintaining the new facilities, and that citizen groups that seek
voter approval for capital projects will also be encouraged to include a component to cover ongoing
operation and maintenance costs.
Passed and adopted at a regular meeting of the City Council held this 6th day of February,
A.D. 2001.
Mayor
ATTEST:
City Clerk