Title
Consideration of and action on the adoption of the Five-Year Capital Improvements Plan for years 2026-2030.
Body
Summary:
The Five-Year Capital Improvements Plan (CIP) for years 2026-2030 was originally adopted by City Council on September 16, 2026. The CIP is intended to be re-adopted each year following the completion of the annual budget to allow for adjustment to the plan. The plan with FY 2026-2027 budget revisions was presented and discussed with City Council at the budget workshop held June 22, 2026. The proposed plan includes a total of $68,401,790 for capital projects spanning fiscal years 2026 through 2030 with $15,659,223 of those projects scheduled to begin or continue in fiscal year 2027.
The plan includes the following allocation of resources:
• Planning and Development - $7,701,097
• Library - $165,000
• Parks and Recreation - $15,506,786
• Public Works - $45,028,907
Funding sources for the plan include:
• Capital Improvements Fund - $10,121,380
• Deer Park Community Development Corporation - $7,085,000
• Golf Course Lease Fund - $655,355
• Hotel Occupancy Tax Fund - $22,541
• Water and Sewer Fund - $6,925,230
• Asset Replacement Fund - $10,800
• Storm Water Fund - $81,480
• Grant Fund - $1,440,000
• Certificates of Obligation - $33,192,000
• General Obligation Bonds - $8,868,004
The CIP will be re-evaluated during the FY 2027-2028 budget process to determine if changes need to be made due to budget constraints or changes in project priorities. All proposed changes will be discussed at the annual budget workshop.
Fiscal/Budgetary Impact:
The plan includes $68 million in proposed capital improvement projects from fiscal year 2026 through fiscal year 2030. The projects are to be funded through a variety of sources, including: Capital Improvements Fund, Deer Park Community Development Corporation, Golf Course Lease Fund, Hotel Occupancy Tax Fund, Water and Sewer Fund, Asset Replacement Fund, Storm Water Fund, Grant Fund, General Obligation Bonds, and Certificates of Obligation.
Recommended action
Adopt the Five-Year Capital Improvements Plan for years 2026-2030.