Title
Public Hearing and Vote on Recommended Fiscal Year 2017-2021 Capital Improvement Plan (CIP)
Purpose
PURPOSE/BACKGROUND:
The CIP is a recommended five-year expenditure plan that addresses the acquisition of property and equipment, new construction and other major improvements to the City’s capital assets.
Recommended projects may be in one of the following expenditure categories: Education, Hampton’s Waterways, Maintenance of Public Properties and Performance Support, Master Plans, Neighborhood Support, New Facilities, Public Safety, Streets and Infrastructure, Other CIP Projects, and Other Economic Development Support.
Funding sources may include: Economic Development Fund, General Fund, General Obligation Bond Proceeds, Stormwater Fund, Stormwater Local Assistance Fund-Grant, Urban Maintenance Contribution, Virginia Department of Transportation (VDOT) Revenue Sharing Local/State Match, VDOT Urban Contribution Initiative Fund, VDOT Transportation Alternative Program, Urban Development Action Grant, and the Wastewater Fund.
The Planning Commission reviewed a proposed plan at its public hearing held on April 7, 2016 that included a five-year cost estimate of $208,496,764 and recommended that it be forwarded to the City Manager for inclusion in the City Manager’s Recommended Operating and Capital Budgets for Fiscal 2017. The City Manager’s Recommended Operating and Capital Budgets for Fiscal 2017 are based on a five-year cost estimate of $210,074,569. Only the first year of the CIP is incorporated in Fiscal 2017 Capital Budget.
Notice of the public hearing was duly advertised in the Daily Press on April 21, 2016 and April 28, 2016.
Recommendation:
Rec
Conduct Public Hearing.
City Manager recommends approval on the CIP following the Public Hearing.