To: Honorable Mayor and Members of Town Council
From: Trish Muller, Finance Director
Title
Resolution: Approving the 2016 to 2020 Five-Year Capital Improvement Program
Body
________________________________________________________________________________
Executive Summary
The Town’s Five-Year Capital Improvement Program (CIP) for the years 2016 to 2020 is hereby submitted for consideration/adoption.
The purpose of a Five-Year CIP is to comply with Charter requirements and to present planning for future capital improvement projects consistent with Town Council's established goals and priorities within projected available financial resources. The first year of the CIP, 2016, corresponds with the projects and department budgets included in the 2016 Budget. Future years, 2017 through 2020, show the state of current thinking, are intended to be a planning tool and do not constitute actual financial or project commitments by the Town. A Five-Year CIP is required to be adopted by Council each year by Resolution concurrent with the process of adopting the annual budget.
The Five-Year CIP is an important component of Town planning including the identification of and provision for potential future projects. All planning as shown in the Five-Year CIP is subject to both future Council approvals and availability of funds.
Discussion
While there are many projects occurring in 2016, the CIP has some significant items of note that merit Council’s attention due to their impacts on the 2016 budget such as:
• $13,532,865 for WISE Infrastructure
• $9,483,775 for the completion of the North Meadows Extension to US 85 and I-25 project
• $9,217,388 for the Plum Creek Diversion Structure and Equipment
• $7,171,627 for the Advanced Treatment Processes at Plum Creek Water Purification Facility
• $4,500,000 for Festival Park improvements, including a $250,000 Stormwater contribution
• $4,466,000 for the Alternative Source of Supply project
• $3,050,000 for intersection improvements on Plum Creek Parkway at Perry and Wilcox
• $2,958,014 for Plum Creek Water Reclamation Authority Capital Buy-In and projects
• $2,739,288 for vehicle and equipment purchases
• $2,500,000 for Development Services office space opportunity
• $2,150,000 for stream stabilization and improvement projects
• $1,500,000 for design of a new interchange at Interstate 25 and Crystal Valley Parkway
• $1,100,000 for the addition of a backup generator at the Plum Creek Water Purification Facility
• $860,000 for traffic signal additions and program improvements
• $750,000 for upsize of the sewer system interceptor near Plum Creek
• $675,000 to rehabilitate or replace existing Town wells
• $650,000 for course and clubhouse improvements at Red Hawk Ridge Golf Course
• $620,187 for the Chatfield Reallocation project
• $549,500 for completion of the Utilities Operations and Maintenance Center
Budget Impact
As shown in the 2016 Budget.
Staff Recommendation
Staff recommends that Council approve the 2016 to 2020 Five-Year CIP as presented.
Proposed Motion
I move to approve a Resolution Approving the 2016 Five-Year Capital Improvement Program.
Attachments
Attachment A: Resolution
Exhibit 1: 2016 to 2020 Five-Year Capital Improvement Program