Item 01: FY 2026 Capital Improvement Program

[COSM_Admin]

Receive a Staff presentation on Fiscal Year 2026 Capital Improvements Program as contained within the proposed Fiscal Year 2026 budget.

 

[JHughson]

How many projects that we funded in FY25 were funded to be less than a 20-year lifespan?

Next time, please place the PZC letter and Comp Plan info before the CIP book. I almost missed those!

 

[arodriguez7]

Can we get a separate graph with the CIP projects that have “Bond Election” amounts?

 

[COSM_Admin]

Response provided by Marcus Naiser, Assistant Director of CIP, Engineering:
The design life and finance term for these projects are 20 years or more, except for the following:

1. ID #722, Fire Dept. New Engine – Yarrington and IH 35 (Station #7): A fire engine is good for 10-15 years. Starting with Fire Engine #7, equipment will not be part of CIP funding, but be paid for using Equipment Replacement Plan.
2. ID# 32, Activity Center Audio-Visual System Installation: Audio Visual technology advancements will make this equipment obsolete much sooner than 20 years
3. ID# 250,Water Master Plan: The master plan itself requires update every 3-5 years and there is modeling and consultation needed annually for implementation.

Principal payments on debt issued are advertised from year 1, and those items with less than a 20-year life are covered earlier in the debt repayment process.

 

[COSM_Admin]

Can we get a separate graph with the CIP projects that have “Bond Election” amounts?

Response provided by Shaun Condor, Director of Engineering/CIP:
I will touch on this in the presentation…but bond amounts are shown in the 10 Year CIP Project List that shown on pages 7-11 of the CIP Book. The far-right column indicates what amounts are identified as bond election amounts. At this time, we expected to fund General and Stormwater amounts through a bond election. Water/Wastewater and Electric amounts will be funded by the utility rates.