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CC Resolution 2018-024 CIP Program FY 2018/19 - 2022/23RESOLUTION NO. 2018 - 024 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING THE FISCAL YEAR 2018/2019 THROUGH 2O22/2023 CAPITAL IMPROVEMENT PROGRAM WHEREAS, pursuant to Government Code Section 66002, the City of La Quinta ("City") is required to review and approve a Capital Improvement Program ("CIP"); and WHEREAS, the City is required to conduct a noticed public hearing for consideration and approval of the CIP; and WHEREAS, notice of the public hearing has been given pursuant to Government Code Section 65090, specifically, the required notice was published on May 4, 2018 in The Desert Sun; and WHEREAS, the CIP is a five-year planning instrument used by the City to identify capital improvement needs and to coordinate financing and timing of those needs in a manner that maximizes the return to the public; and WHEREAS, the CIP is a statement of the City's goals, objectives and priorities for a five-year plan and the financial commitments required to accomplish those objectives; and WHEREAS, the Fiscal Year 2018/2019 through 2022/2023 Program proposes approximately $61.7 million in improvement projects and identifies $86.8 million of unfunded additional improvement projects over the five-year period, commencing on July 1, 2018 and ending June 30, 2023; and WHEREAS, the amount allocated for the CIP for first -year projects, called the "Capital Budget," proposes $12.3 million in improvements, which will become effective on July 1, 2018; and WHEREAS, it would be in the best interest of the public to completely fund all improvements identified within the Capital Budget. NOW THEREFORE, BE IT RESOLVED, by the La Quinta City Council, as follows: SECTION 1. The above recitations are true and correct. SECTION 2. The City Council hereby approves the Fiscal Year 2018/2019 through 2022/2023 Capital Improvement Program "Exhibit A" and confirms the inclusion of the Resolution No. 2018-024 Capital Improvement Program Adopted: May 15, 2018 Page 2 of 2 Capital Budget into the Fiscal Year 2018/2019 operating budget, which appropriates funds for specific facilities, equipment and improvements. PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council held on this 15th day of May 2018, by the following vote: AYES: Council Members Fitzpatrick, Pena, Radi, Sanchez, Mayor Evans NOES: None ABSENT: None ABSTAIN: None LINDA EVANS, Mayor City of La Quinta, California ATTEST: PAM NIETO, Deputy City Clerk City of La Quinta, California (City Sea[) APPROVED AS TO FORM: WIL IAM H. IHR , City Attorney City of La Quinta, California EXHIBIT A Resolution No. 2018-024 EXHIBIT A Resolution No. 2018-024