Title
Capital Improvement Project Budget (B)
Explanation
The City of Gainesville is changing its budgeting cycle and will review its Capital Improvement Project budget prior to its operating budget as part of this year's budget cycle. In order for the CRA budget to fall within the standard City budget cycle the CRA will need to follow the same pattern. Staff has prepared the attached Capital Improvement Project budget for CRA review. The full CRA budget will be heard at the May CRA meeting.
During the last month the Advisory Boards have reviewed the CIP. There is only one significant change from the CIP submitted for last month's CRA meeting. After considerable discussion, the Eastside Redevelopment Advisory Board recommended the creation of a generalized Streetscaping account rather than specific funding for demolitions, the inmate crew, and saving for decorative lights along University Avenue to replace the current concrete poles. Given the cost of replacing the decorative lighting it would be necessary for the CRA to budget funds for several years before the project could be undertaken.
The CIP plan for each area is as follows:
College Park University Heights: This area has four items on the CIP list including sidewalks and lighting on Southwest 7th Avenue; funding for stormwater improvements over the next 4 years; streetscape improvements to Southwest 8th Avenue; and improvements to the Southwest 5th Avenue triangle.
Downtown: This area has two projects on the CIP list including lighting for Southeast 7th Street; and initial funding for decorative lighting on East University Avenue between Northeast 3rd Street to Waldo Road beginning in FY 08 and running through FY 10.
Eastside: This area has three projects in the CIP including additional funding for the Gateway project at the Tackle Box; the East University Avenue Median project; and streetscape funding for future projects.
Fifth Avenue Pleasant Street: This area has three projects in the CIP including funding for two Model Block houses; and continuing funding for the Northwest 5th Avenue Streetscape project.
Fiscal Note
As noted in the Capital Improvement Project worksheet.
Recommendation
Executive Director to the CRA: Approve the Capital Improvement Plan, as presented.