AGENDA DATE: 5/4/2016
TITLE:
Title
Capital Improvement Program (CIP) General Obligation Bond Referendum Work Session.
BODY
SUBJECT/PROPOSAL/REQUEST: Presentation and discussion regarding a potential November 2016 bond referendum and potential referendum projects.
ITEM TYPE: Regular Action Item
STAFF CONTACT(S): Foley, Letteri, Davis, Catlin, Allshouse, Henry
PRESENTER (S): Bill Letteri, Lee Catlin, Trevor Henry
LEGAL REVIEW: Yes
REVIEWED BY: Thomas C. Foley
BACKGROUND: On March 8, 2016, during the FY17 Budget review work session, the Board directed staff to schedule a follow up discussion on the Capital Improvement Program and the possibility of adding projects that could be included on a November 8, 2016 bond referendum coincident with the presidential election.
STRATEGIC PLAN: To enhance the well-being and quality of life for all citizens through the provision of the highest level of public service consistent with the prudent use of public funds; and, to Prioritize, plan and invest in critical infrastructure that responds to past and future changes and improves the capacity to serve community needs.
DISCUSSION:
Staff will review the following at the May 4, 2016 work session:
1. The extent and timing of a potential November 2016 General Obligation Bond Referendum, including the process, public engagement roles and responsibilities, experience of peer counties, and key schedule milestones.
2. A proposed package of projects and their timing and tax implications.
3. A schedule for the adoption of an amended CIP that includes a review and recommendation by the CIP Oversight Committee and Planning Commission. Schedule to proceed, including the timing of review and adoption of a new amended CIP and opportunity for feedback from the Planning Committee.
BUDGET IMPACT: There is no direct budget impact related to this work session; however, the adoption of an amended CIP with additional projects will have future...
Click here for full text