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SECTION II CAPITAL IMPROVEMENT PROGRAM Fiscal Years 2008-09 through 2010-11 In June 2007, the City Council adopted the Capital Improvement Program (CIP) for Fiscal Years 2007-08 through 2010-11 and approved the funding for all projects included in Fiscal Years 2007-08 and 2008-09. In anticipation of work beginning on new funded projects approved for Fiscal Year 2008-2009, this Mid-Term review of the CIP has been conducted to ensure that revenues are available to fund approved projects, to add or delete new and existing projects so they are consistent with current workloads and scheduling, to assure consistency with the adopted City Council priorities, and to meet community expectations. This document highlights the result of that review. As a result of the City Council’s previous approval of this CIP, this Mid-Term CIP does not extensively reprioritize projects. Rather, it adheres to the current approved project funding schedule except where change is determined to be essential. This action assures that new projects and priorities will be introduced, generally, as part of the first year of a two-year CIP funding cycle consistent with the City’s two-year budget process. As a result, the Mid-Term Capital Improvement Program is both consistent with the City’s two-year budget cycle and the needs of the community. To accommodate amendments included in this document, staff is recommending the City Council approve the amendments as outlined in this document which will formalize the Mid-Term CIP. Amendments involving new or modified projects occur only in 2008- 09. Projects included in the final two years of the program (2009-10 and 2010-11) continue to be for planning purposes only and are based on currently identified needs and revenue projections which are subject to change. In addition, modifications to Council priorities may result in changes to these projects when the new CIP is prepared for 2009-10. Staff will continue to review and update the CIP annually, taking into account changes in community needs and the City’s ability to fund and support specific projects. PROGRAM OVERVIEW This Mid-Term CIP budget discusses CIP revenues and transfers, project expenditures, and a listing of amendments, including recommended new projects. Included in the “CIP Tables” section are revised financial tables for each of the five project areas including: Streets, Parks, Miscellaneous, Water and Sewer and a status update of CIP projects approved for FY 2007-08. Summary financial tables are included as Attachment A. Project description sheets (Attachment B) have been included for projects not included in the current CIP and the following four new projects: Railroad Quiet Zones – Design Only 123 Main Street Expansion and Interior Upgrades- Design Only Senior Center Install New Roof – Design Only Sidewalk /Ramp ADA Assessment ìé