Item Coversheet

Council Communication

Department: Finance
Case/Project No.:
Submitted by: Finance Department / Danielle BemisĀ 
Resolution 23-323
ITEM 4.D.
Council Action: 11/27/2023
Description

Resolution approving the City of Council Bluffs FY25-FY29 Capital Improvement Program (CIP).

Background/Discussion

The City of Council Bluffs has established this time and place for a public hearing on the approval of the FY25-FY29 CIP.

 

The purpose of the CIP is to provide the City Council with a framework upon which to base improvement decisions, provide the City staff with direction as to its work efforts, and provide the citizens with information about the City's future intentions as it relates to the capital improvement program. 

Recommendation

On November 14, 2023, the Planning Commission found that the proposed FY25-FY29 CIP was consistent with the Bluffs Tomorrow: 2030 Plan. The City is requesting approval of the FY25-FY29 CIP plan with the understanding the primary focus is FY25 projects and the subsequent years will be re-evaluated on an annual bass, determined by future financial availability, strategic needs and timing. 

 

This also satisfies Step 1 of the General Obligation (GO) Bonding Process, which is to conduct a public hearing to approve the FY25 projects, which also highlights projects earmarked for GO Bonds. Approval of the CIP will allow the City to move forward in the GO Bond process to issue debt, funding specific projects outlined.

ATTACHMENTS:
DescriptionTypeUpload Date
FY25-FY29 CIP PacketOther11/17/2023
GO Bond ProcessOther11/17/2023
Resolution 23-323Resolution11/20/2023