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~]` REQUEST FOR ACTION <br />.~.. <br />River - <br />TO ITEM NUMBER <br />Ma or and Ci Council 8.4 <br />AGENDA SECTION MEETING DATE PREPARED BY <br />Administration December 19, 2011 Tim Simon, Finance Director <br />ITEM DESCRIPTION REVIEWED BY <br />Adopt 2012-2016 Capital Improvement Plan Cal Portner, Ci Administrator <br /> REVIEWED BY <br />ACTION REQUESTED <br />Consider adoption of the 2012-2016 Capital Improvement Plan (CIP). <br />BACKGROUND/DISCUSSION <br />C-ver the past several months, staff and the Council have been reviewing the proposed 2012-2016 CIP <br />leading up to its adoption. During various work sessions, we reviewed the costs, funding sources, cash <br />flow analysis (5-year projections), and the general purpose of the projects. The CIP is a revolving <br />document that is re-evaluated on an annual basis; upon each annual update some projects will be deleted, <br />added, or even delayed, reflecting community needs and financial ability to fund the project. The CIP is a <br />long-term planning tool and all purchases will come back to Council for approval. <br />Two projects are not included in this CIP update; they are the Pinewood Clubhouse and the skate park at <br />Lion's Park. Both items are under review by the Park and Recreation Director and will be updated in <br />next year's review of the CIP with a recommendation on both. <br />FINANCIAL IMPACT <br />See various funding sources identified in the 2012-2016 CIP. The 2012 items will come back for Council <br />consideration during the next year. <br />ATTACHMENTS <br />2012-2016 Capital Improvement Plan <br />2012 equipment listing purchases (funded out of Equipment Replacement Fund) <br />Action Motion by Second by Vote <br />Follow Up <br />r®rEaEe sr <br />NAB <br />