Title
MOTION TO APPROVE FUNDING IN THE AMOUNT OF $9,707,962 FOR YEAR ONE PROJECTS INCLUDED IN THE THREE-YEAR STRATEGIC PLAN.
Summary Explanation and Background
SUMMARY EXPLANATION AND BACKGROUND:
1. On August 26, the City Commission and Administration convened a workshop to review three key items: the City’s Communication Plan, the Procurement Code, and the Strategic Plan Capital Improvement Projects.
2. During the Strategic Plan discussion, Administration outlined the project costs originally presented to the Commission and the voters, totaling $296,444,912. At that time, the funding strategy proposed a $230 million general obligation bond and utilizing $66M in fund balance reserves. The general obligation bond was not approved by voters. At the workshop, Administration detailed to the Commission an alternative approach for funding a portion of the projects.
3. As part of that alternative approach, Administration presented a reduced project list focused on Recreation and Roadway/Infrastructure improvements, while eliminating projects for the purchase of open space. This adjustment lowered the project total to $207,744,912, allocated as follows:
$110,000,000 - Public Safety Building
$46,989,176 - New Community Facilities & Recreation Facility Improvements
$50,755,736 - Roadway and Infrastructure Improvements
4. Public Safety Facility Update - City Administration is working with the design-build architects to finalize project plans. Once cost estimates are completed, Administration will present an item to the City Commission for review and funding consideration.
5. The request at this time is for the City Commission to consider funding of $9,707,962 for the Year One costs of projects previously identified by City Administration and presented to the Commission. A summary of the plan and the projects with Year One expenses is provided below. Details on all projects can be found in Exhibit #1.
Summary of Recreation and Roadway Improvement Prioriti...
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