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CC Resolution 2016-018RESOLUTION NO. 2016 - 018 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING THE FISCAL YEAR 2016/2017 THROUGH 2O20/2021 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, 2016 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 2016/2017 through 2020/2021 Program proposes approximately $41 million in improvement projects and $914 million of unfunded additional improvement projects over the five-year period, commencing 'on July 1, 2016 and ending June 30, 2021; and WHEREAS, the amount allocated for the CIP for first -year projects, called the "Capital Budget," proposes $7.3 million in improvements, as shown in Exhibit A, which is attached hereto and made a part of this Resolution; 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 2016/2017 through 2020/2021 Capital Improvement Program, approves the Capital Budget, and Resolution No. 2016-018 Capital Improvement Program Adopted: May 17, 2016 Page 2 authorizes the inclusion of the Capital Budget into the Fiscal Year 2016/2017 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 17th day of May 2016, by the following vote: AYES: Council Members Franklin, Osborne, Radi, Mayor Evans NOES: None ABSENT: Council Member Pena ABSTAIN: None LINDA EVANS, Mayor City of La Quinta, California ATTEST: SUSAN MAYSELS, CITY C ERK City of La Quinta, California (City Seal) APPROVED AS TO -FORM: p WILLIAM IHRKE, City Attorney City of La Quinta, California CITY OF LA QUINTA CAPITAL IMPROVEMENT PROGRAM REVENUE SUMMARY EXHIBIT A General Fund RDA Loan DIF Project 0 Project Description Operating Repayment Quimby Funds Transportation Measure A Other Revenue Other Revenue Source Total FY 201612017 SUBTOTAL: 1,552,000 750,000 437,250 675,945 651,000 3,260.934 7,327,129 201712018 199702 Sidewalks - Various Locations 55,000 55,000 199703 Handicap Ramos - Various Locations 20,000 20,000 FY 201712018 SUBTOTAL: 1,552,000 750,000 263,000 430,000 835,000 50,000 3,880,000 FY 201812019 SUBTOTAL: 1,552,000 750,000 1,321,000 1,406,760 905,000 15,422,250 21,357,000 FY 201912020 SUBTOTAL: 1,552,000 750,000 0 0 1,645,000 60,000 3,997,000 FY 202012021 SUBTOTAL: 1,552.000 750,000 0 846,000 1,697,500 432,500 5,278,000 TOTAL FISCAL YEARS 2016117 THROUGH 2O20121: 7,760.000 3,750,000 2,021,250 3.358,695 5,733,500 19,215,684 41,839,129