HomeMy WebLinkAboutItem #05 Prioritization of Projects to be Funded Via General Fund Bond Issue OcO e
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AGENDA ITEM COVER SHEET
Meeting Date: October 4, 2016
Item # 5
Reviewed By:
Contact Name: Craig Shadrix Department Director:
Contact Number: (407) 905-3100 City Manager:
Subject Prioritization of projects to be funded via general fund bond I ue.
Background Summary:
During the August 15, 2016 budget work session, the City Commission directed staff by consensus to
proceed with following up the utilities bond issue with a bond issue for general fund capital projects.
The workshop highlighted the project list defined by the Downtown Master Plan prepared by GAI
Consultants, Inc., and following the review of the projects, the Commission directed staff to bring back
the list for ranking following adoption of the City's budget. The adopted fiscal year 2016-17 budget
includes funds budgeted for a debt service payment that will support a general fund bond issue of up
to twenty-five million dollars. Staff will present the final downtown master plan project list, as well as
other capital projects identified by the City Commission for consideration of funding as part of the bond
issue.
Issue:
Should the Honorable Mayor and City Commissioners approve a final capital projects list for funding
via general fund bond issue?
Recommendations:
Staff respectfully recommends that the Honorable Mayor and City Commissioners direct City Staff to
proceed forward with a ranked capital projects list for funding via a general fund bond issue.
Attachments:
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Financial Impact:
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Type of Item: (please mark with an`5c)
Public Hearing For Clerk's Dept. Use:
Ordinance First Reading Consent Agenda
Ordinance Second Reading Public Hearing
Resolution X Regular Agenda
X Commission Approval
Discussion&Direction
Original Document/Contract Attached for Execution by City Clerk
Original Document/Contract Held by Department for Execution
Reviewed by City Attorney N/A
Reviewed by Finance Dept. N/A
Reviewed by 0 N/A