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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 2019 THROUGH 2023; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: $15,851,001 for General Capital Projects FY 2019
Voted G.O Bond Projects $72,979,585 for FY 2019)
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(Staff Contact: Erjeta Diamanti/Horacio Danovich)
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Summary Explanation/Background:
The purpose of the resolution is to adopt the Five Year Capital Improvement Plan FY 2019-2023.
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 2019 through 2023 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, 2018 as part of the Recommended Operating Budget Book for FY 2019.
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 $15.81 FY 2019: $6.4 million General Capital, $7.1 million Utility Renewal & Replacement Capital, $1.7 million Stormwater Utility Capital, $300 thousand Airpark Capital Fund, $340 thousand Cemetery Trust Fund. Total of $72.9 million in voted G.O. Bond Capital Funds: $29.1 million GO Bond Streets and Bridges, $31.7 million Go Bond Parks and Recreation, $12 million GO Bond Public Safety.
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CAPITAL IMPROVEMENT PLAN FY 2019-2023