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EOty1� ,.,�� Request for Action <br /> River <br /> To Item Number <br /> Mayor and Council 8.1 <br /> Agenda Section Meeting Date Prepared by <br /> General Business December 19, 2016 Lori Ziemer, Finance Director <br /> Item Description Reviewed by <br /> 2017-2021 Capital Improvement Plan Cal Portner, City Administrator <br /> Reviewed by <br /> Action Requested <br /> Adopt,by motion, the 2017-2021 Capital Improvement Plan (CIP). <br /> Background/Discussion <br /> City staff and the Council have reviewed the proposed 2017-2021 CIP leading up to its adoption. During <br /> work session,we reviewed the specific projects, costs, funding sources, and 5-year cash flow projections. <br /> The CIP is a revolving document that is re-evaluated on an annual basis and upon each annual update <br /> some projects will be deleted, added, or even delayed,reflecting community needs and the financial ability <br /> to fund the project. <br /> The CIP is a long-term planning tool and all purchases over$50,000 will come back to Council for <br /> approval per our financial management policies. <br /> A few highlights of the CIP for 2017: <br /> ■ 2017 street reconstruction project <br /> ■ Line Avenue cul-de-sac <br /> ■ Quiet zones (carried over from 2016) <br /> ■ Annual park improvements <br /> ■ Annual vehicle replacements <br /> ■ Annual technology upgrades <br /> The public safety departments will need to replace their 800 MHz radios in the next couple of years, and <br /> absent of any grant funding, this will be a significant expenditure. Staff will propose any remaining year- <br /> end General Fund reserves beyond our reserve requirements, quiet zones, and other recommendations, <br /> be set aside for replacements. <br /> Financial Impact <br /> See various funding sources identified in the 2017-2021 CIP. <br /> Attachments <br /> ■ 2017-2021 Capital Improvement Plan <br /> ■ 2017 Equipment Purchases - Equipment Replacement Fund <br /> POWERED 6T <br /> AR <br />