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HomeMy WebLinkAboutCapital Improvement Plan 2012-2017,..., ,..., ,.. -, CITY OF PASCO 2012-2017 CAPITAL IMPROVEMENTS PLAN TABLE OF CONTENTS Executive Summary ................................................................................... . I. Introduction Definition and purpose of Capital Improvements Plans ............... 2 CIP project considerations ............................................................ 3 Why plan for Capital Facilities ...................................................... 4 II. Fiscal Policies 1. Financial Feasibility ........................................................... . 2. Financial Responsibility .......................................................... . 3. Financing and Debt ........................................................... . 4. Operating and Maintenance Costs .................................... . 5. Revenues Requiring Referendum ...................................... . 6. Uncommitted Revenues III. Capital Improvement Projects Capital Project Detail discussion ....................................................... . CJP Costs Summary 20 I I -2017 ................................................... . CIP Revenue Source Summary ..................................................... . Individual Project Sheets ............................................................... . 5 5 6 7 7 7 7 9 14 22 ,...., r , a. Land acquisition for a public purpose; b. Construction of a new facility, such as a public building, ballfield, water treatment plant; or expansion of such a facility; c. Construction relating to the addition or replacement of infrastructure (such as pipes, streets, etc.) d. A non-recurring rehabilitation, or major repair of all or part of a building, its grounds, facility, or major equipment; e. Purchase of major equipment; and f. Planning and feasibility studies. CIP PROJECT CONSIDERATION FACTORS 1. Public Safety. 2. 3. The project must identify a clear and immediate safety risk. Requests from departments, which deal principally with public safety, such as Fire and Police, do not automatically meet this standard. Another department, such as Parks and Recreation, could have a project that addresses a clear and immediate safety issue. Public Health. Benefit to the environment and public health is a primary consideration. This consideration is only used when public health is a critical factor; a matter of necessity, rather than a matter of choice. For example all water or sewer projects concern public health; however, this consideration would be used only when urgent. Continual health hazards, however, would make a water or sewer project vi11ually mandatory. Legal Requirement. Many federal and state grants are contingent upon local participation, and such intergovernmental agreements require legal compliance. Court orders and judgments (e.g., annexation, property owner rights, environmental protection), also represent legal requirements which may affect a CIP project. Consideration must be given to both existing legal requirements (e.g., federal/state stipulation that eannarked funds must be spent by a certain date), and anticipated legal requirements ( e.g., pending annexation which is expected to be approved by the end of the year). 4, Related Projects. CIP projects in one category are essential to the success of projects in other categories. In some instances, a street should not be developed until a stonndrain has been completed. Obviously, park development cannot proceed until parkland has been acquired, but the development may also depend upon the completion of a street project to provide access to the park. In addition, significant federal or state grants might be involved, and the City would be required to provide its matching share or forfeit the grant. Related projects by other agencies may affect a saving which should be pursued. 4. Consistency with Current Master Plan. A master plan for a specific category of public facilities has long-tern1 objectives set during the planning process. City departments have an obligation to request CIP projects that support and 3 ,..., ,..., ,....., Plans of other adjacent local governments, and Plans of special districts. d. Ensure the timely provision of adequate facilities to support existing populations and future development; e. Document all capital projects and their financing (including projects to be financed by impact fees and/or real estate excise taxes that are authorized by the State of Washington Growth Management Act (GMA)). The ClP is the element that makes the rest of the comprehensive plan "real". In reality, the CIP detennines the quality of life in the community. 3. Eligibility for Grants and Loans II. The State of Washington Department of Community, Trade and Economic Development's Public Works Trust Fund requires that local governments have some type of CIP in order to be eligible for grants and loans. Some other grants and loans have similar requirements (i.e., Interagency for Outdoor Recreation), or give preference to governments that have a ClP. FISCAL POLICIES Fiscal Policies Goal: Provide needed public facilities that are within the ability of the City to fund the facilities, or within the City's authority to require others to provide the facilities. Policy 1.0: Financial Feasibility. The estimated costs of all needed capital improvements shall not exceed conservative estimates of revenues from sources that are available to the City pursuant to current statutes, and which have not been rejected by referendum, if a referendum is required to enact a source of revenue. Conservative estimates need not be the most pessimistic estimate, but cannot exceed the most likely estimate. Revenues for Capital Improvement Projects must be "financial commitments," which shall be sufficiently assured to be bankable or bendable by the City. Policy 2.0: Financial Responsibility. Existing and future development shall both pay for the costs of needed capital improvements. 2.1 Existing development. 2.1.a: Existing development shall pay for the capital and improvements that reduce or eliminate existing deficiencies, some or all of the replacement of obsolete or worn out facilities, and may pay a portion of the cost of capital and improvements needed by future development. 2.1.b: Existing development's payments may take the forn1 of user fees, charges for services, special assessments and taxes. 2.2 Future development 5