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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, ADOPTING THE FIVE-YEAR CAPITAL IMPROVEMENT PLAN FOR THE CITY OF POMPANO BEACH FOR FISCAL YEARS 2020 THROUGH 2024; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: $16,359,563 for General Capital Projects FY 2020
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(Staff Contact: Erjeta Diamanti/Tammy Good)
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Summary Explanation/Background:
The purpose of the resolution is to adopt the Five Year Capital Improvement Plan FY 2020-2024.
The Capital Improvement Plan is a five year plan for funding the construction, acquisition and
rehabilitation of the City's facilities, infrastructure and equipment. The Five Year Capital Improvement covers the budget for Fiscal Years 2020 through 2024 and it is included as an integral part of the operating budget of the City of Pompano Beach.
The Recommended CIP was distributed to the City Commission in July, 2019 as part of the Recommended Operating Budget Book for FY 2020. Since then, staff has updated the Existing Projects - Financial Section with the most current financial information as well as, added Canal Dredging [16-276] project in the General Capital Fund as part of the five year plan.
The Advisory Boards’ memorandums (Air Park, Parks and Recreation, Golf, and Planning and Zoning) are attached.
Origin of request for this action: Budget Office
Fiscal impact and source of funding: Total of $16.36 million FY 2020: $6.1 million General Capital, $7.1 million Utility Renewal & Replacement Capital, $2.4 million Stormwater Utility Capital, $684 thousand Airpark Capital Fund.
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CAPITAL IMPROVEMENT PLAN FY 2019-2023