AGENDA DATE: 8/1/2018
TITLE:
Title
FY 19 - FY 23 Capital Improvement Plan
BODY
SUBJECT/PROPOSAL/REQUEST: Approval of the FY 19 - FY 23 Capital Improvement Plan
ITEM TYPE: Consent Action Item
STAFF CONTACT(S): Richardson, Letteri, Kamptner, Allshouse, L., Mitchell, Bittle
PRESENTER (S): N/A
LEGAL REVIEW: Yes
REVIEWED BY: Jeffrey B. Richardson
BACKGROUND: From March 2018 through April 10, the Board held a number of work sessions on the FY 19 - FY 23 Capital Improvement Plan (CIP). During this time the Board chose to include Phase 1, Center 1 of the High School Capacity and Improvement Project at $35.1 Million in the Proposed FY 19 Capital Budget, anticipating future discussion as to whether the project would be included in a 2018 Bond Referendum.
On April 17, 2018, the Board approved the 2018 Tax Rate and the FY 19 Operating and Capital Budgets. At that time, the FY 19 Capital Budget included funding for Phase 1, Center 1 of the High School Capacity and Improvement project.
On May 9, 2018, the Board directed that a maximum amount of $59 Million in bonds that could be included on a potential 2018 Bond Referendum and recommended that $47 Million of this amount could support projects that would be identified by the School Board. The Board also reviewed $12 Million in potential local government "quality of life" capital projects that could be included in a 2018 Referendum.
On June 6, 2018, the Board reaffirmed the maximum dollar amount of $59 Million for a potential Bond Referendum.
STRATEGIC PLAN: Mission: 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
DISCUSSION: On July 5, the Board directed staff to: 1) not pursue a November 2018 Bond Referendum, 2) amend the FY 19 Capital Budget; 3) schedule a joint work session with the School Board this fall that would focus on capital needs and resource/debt capacity limitati...
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