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101-Staff Report.pdf
PUBLICWORKS DEPARTMENT CITY HALL 1010300TORRE AVENUE • CUPERTINO, CA 95014-3255 TELEPHONE: (408)777-3354www.cupertino.org CITYCOUNCILSTAFFREPORT Meeting:January 18, 2011 Subject Mid-YearCapitalImprovementProgram(CIP)ReviewandStatusReport. RecommendedAction Direct staffto proceedwiththeCIPascurrentlyapproved,withadjustmentstothe programto be proposed duringtheannual budgetreviewinSpring, 2011. Discussion Inpreparationforthe Mid-YearBudgetReview,thelist ofthe projectsintheCapital ImprovementProgram(CIP)wastransmittedtoCouncilinItemsinNovember, 2010. The attached spreadsheet hasbeen updatedas ofJanuary 6, 2011. As projectssuchastheStevens CreekCorridorProjectPhaseIIarecurrently underfunded, specialattention has been paidto projectsthat havebeencompletedwithfundsremainingandprojectsthatcould berecommended for deferral. Theintentof staffisto providetheCouncilwith optionsavailabletoadvance underfundedor newprojectsifit so desires. Summary Ofthefifty-ninereported projects,therearemanythatareeithercomplete,underconstruction, arerequired duetoregulatorymandates, orarefundedbyenterprisefundsthatcannot be divertedto other uses.Itisrecommendedthatall ofthese projectsmeetingthesecriteria proceed atthistime. Ofthefourteencomplete projects, nine havefundsremainingthatmay beredirectedbackto underfundedor newprojectstotalingapproximately $490,000, as highlightedinAttachmentA. Itis staff’srecommendationtocontinuewiththeCIPascurrentlyapproved,identifythecurrent completed projectbalancesas savings,andto proposethe use ofthis savings duringtheannual budget processfor 2011-12.Itisanticipatedthatthismoneycan partiallyfillin part ofthe fundinggapforconstructionfortheStevensCreekCorridorProject,PhaseII. Therewill bea fundinggapintheSCCPregardless ofthe preferred projectalternativethatis selected, butthere iscurrently sufficientfundingintheSCCPfortheremainderofthecurrentfiscalyearto proceed with design. FiscalImpact None _____________________________________ Preparedby:TerryW.Greene,CityArchitect Reviewedby: TimmBorden,Director ofPublicWorks ApprovedforSubmissionby:DavidW.Knapp,CityManager Attachments:CIPSpreadsheet