DATE: April 19, 2016
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Paul Holzen, Director of Engineering/City Engineer
Jonathan Marston, Assistant Director of Engineering
SUBJECT:
title
Discussion Regarding the Development of the 2017-26 Capital Investment Program
body
Purpose
The purpose of this memorandum is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning the prioritization of projects within the Capital Investment Program (CIP) for Fiscal Years (FY) 2017 through 2016.
Information
In March 2014, the BOMA approved Resolution 2014-13 to adopt a funding plan for the FY 2014-2018 CIP. That resolution represents the most recent update to the City's Capital Investment Program (CIP). Recently, staff has proposed expanding the CIP timeframe from five (5) years to ten (10) years. The ultimate intent of this 10-year CIP is to match available funding with needed projects and to highlight any funding shortfalls. With that in mind, staff has compiled a list of projects that are anticipated to be needed within the next ten (10) years.
In an effort to provide a logical starting point, staff has scored these projects using objective questions, which are based on the four (4) themes of the FranklinForward Strategic Plan. The projects are listed in the following categories:
* Facilities (Emergency Services & General Services),
* Parks and Recreation,
* Public Utilities,
* Stormwater, and
* Transportation.
The projects were then listed, both by category and combined, in the following project tiers:
* Top 25% (????)
* Top 50% (???)
* Bottom 50% (??)
* Bottom 25% (?)
It is important to reiterate that the tier system is simply a starting point to present the projects to the BOMA. The BOMA will ultimately select the projects to be funded. Within the framework of the CIP, the BOMA funded projects will then be referred to as 5-star (?????) high priority projec...
Click here for full text