TITLE: Title
Presentation of Capital Improvements Program Update
PURPOSE: This item is to present to the Board of Aldermen the annual update of the Capital Improvements Program (CIP) for FY 2015-16 through FY 2020-21.
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DEPARTMENT: Town Manager
CONTACT INFORMATION: David Andrews, 918-7315, Arche McAdoo, 918-7439
INFORMATION: The six-year CIP is a planning document that is updated annually to reflect changes in priorities and needs. It provides the Board an opportunity to review and make suggestions or changes. The CIP planning process seeks to identify capital improvement needs necessary to deliver services to the community and at the same time maintain the Town's positive financial position. Capital projects are funded in the annual operating budget or through project ordinances adopted by the Board.
Because the CIP represents long-term investments that have been planned or underway for numerous years, we have sought to streamline the CIP document by focusing more on the project description, benefits and proposed cost. As in the past, we also seek to measure the impact of the CIP on future operating budget(s) and the Town's debt capacity.
Over the past year we have undertaken a number of deferred maintenance projects in Town park facilities. In Anderson Park we have begun renovation of the park bathrooms, renovation of the multi-purpose field, and re-surfacing of the basketball and tennis court. In Wilson Park we have started replacement of the tennis court. In Baldwin Park efforts are underway to renovate the basketball court. We completed a study for improvements to the Town Commons and updated the Master Plan for Martin Luther King Park. Decisions on the final design and proposed improvements are expected to be made in 2014-15. All sidewalk projects, except for Rogers Road and Smith Level Road, have been completed.
The CIP proposed for FY 2015-16 through FY 2020-21 totals $49.3 million. This is a 10% increase or $4.4 mi...
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