To: Honorable Mayor and Members of Town Council
From: Town Manager’s Office with Public Works and Finance Departments
Title
Discussion/Direction: Draft Transportation CIP Forecasted Needs
Body
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Executive Summary
Over the next ten years, Castle Rock’s population is projected to add close to 20,000 people. From a surface transportation perspective, adding additional roadway capacity will be important to assist with accommodating this growth. This has been confirmed as a priority community need within the past two community surveys. Staff has assessed the current list of identified transportation project needs and is recommending a 10-year prioritized list from these projects. After assessing the forecasted revenue streams currently available to complete transportation projects there is an identified funding gap.
Staff Recommendation
We recommend that staff continue to identify revenue sources that may be available to close the funding gap.
Proposed Motion
This agenda item is for information and feedback purposes only.
Attachments
Staff Report
Attachment A: Fiscally Unconstrained Transportation CIP List