HomeMy WebLinkAbout1992-04-29 - AGENDA REPORTS - PROPOSED 1992 FIVE YR CIP (2)City of
Santa Clarita
23920 Valencia Blvd.
Suite 300
City of Santa Clarita
California 91355
Phone
(805) 259-2489
Fax
(805) 259-8125
TO: Honorable Mayor and Members of the City Council
FROM: George A. Caravalho, City Manager
DATE: April 21, 1992
SUBJECT: PROPOSED 1992 FIVE-YEAR CAPITAL
PROGRAM
Presented at this time for your consideration is the annual update
of the City's Five -Year Capital Improvement Program. The purpose of
this program is to identify and prioritize proposed capital projects
for the neat five years. Capital projects are defined as tangible
facilities or infrastructure improvements with a service life in
excess of three years.
This Five -Year Program does not authorize expenditure of funds
towards any of the projects identified. It is expected that
specific projects will be brought before Council for consideration
annually during budget presentations. The program does, however,
serve an extremely useful function in that it identifies and
prioritizes a host of projects deemed necessary in the City.
Because the City simply lacks the funds required to complete these
projects, by:prioritizing these projects, adoption of this program
is essentially a statement as to the direction that the City intends
to pursue over thenextfive years.
This is not to say that by. adoption of this program there is no room
for movement. As was the case last year, it is proposed that this
program be treated as a "working document" intended to serve as a
master planning tool for identification and prioritization of
capital projects. As new information is received during the year,
or as new projects are identified, these projects will be brought
before Council for consideration. It is anticipated that this
program be updated on an annual basis.
As was the case last year, transportation and parks/ recreation
projects form a majority of the projects listed, a large number of
which remain unfunded. This in no way is meant to diminish the
City's accomplishments over the past four years. It does, however,
point out the limitations of revenue-producing capabilities of the
City. Furthermore, it identifies projects which may warrant further
investigation with respect to potential funding sources. Indeed,
our major goal in the coming year will be to investigate those
projects which Council would like to place emphasis on, and bring
before Council during the coming year revenue-producing options
which may be available to bring some of these projects to fruition.
It is on this basis that this program is submitted at this Council
Study Session for your review.
GAC:MAJ:dls:195
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