§ 122.603. Capital Improvement Plan and Capital Improvement Plan Budget; Contents.  


Latest version.
  • (a)

    Capital Improvement Plan. The overall Capital Improvement Plan is formulated to reflect City's capital priorities and needs for the ensuing five-year period, by first addressing legal requirements and life safety hazards, and thereafter taking into consideration the City's goals and policies including those set forth in the Comprehensive Plan and the debt affordability targets established by the City, urgency of a project, the City's ability to administer a project, the involvement of outside agencies, and the potential for future project funding.

    The Capital Improvement Plan shall include a brief summary of each project with sufficient detail to define the basic scope of the project, and show the proposed level of funding and the timing thereof for the various stages of each project, including the date of inception of the project. Each project shall include the projected comprehensive budget necessary to complete the project in its entirety, all prior funds appropriated by the City or otherwise received for or contributed to the project and anticipated funding by source from all anticipated sources on a project-by-project basis. For each project included in the CIP, the funding source and amount of funding for the anticipated post-construction operation costs shall also be included. In accordance with F.S. § 129.02(4), each project upon submission shall reflect a priority to the City in conjunction with legal requirements, life safety hazards, the City's goals, policies, urgency of the project, the City's ability to administer the project, the involvement of outside agencies and the potential for future funding. Years two through five of the plan may be subject to change as emergencies arise or projects are delayed by circumstances beyond the City's control. However, if any project is removed from the CIP or delayed from the CIP or the scope or budget of such project substantially changed, the CIP shall include an explanation for the removal, delay or substantial change of the project. The annual focus primarily will be on the fifth year of the plan as new projects are added.

    (b)

    Capital Improvement Plan Budget. The Capital Improvement Plan Budget is the first year of the Capital Improvement Plan. The Capital Improvement Plan Budget shall be adopted annually as a separate budget or a separate section within the annual budget to be known as the "Capital Improvement Plan Budget" separate and apart from the operating budget of the City or any other budget required by law. Capital Improvement Projects included in the budget shall list the total anticipated cost to purchase or construct the project, prior year appropriations and revenue received from any other source, all anticipated future sources of revenue to fund each capital improvement project, the estimated cost, the funding source and amount of funding for the anticipated post-construction operation costs, and the priority of the project pursuant to F.S. § 129.02(4).

(Ord. 2006-185-E, § 2; Ord. 2015-429-E , § 1)