City of Coral Gables
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File #: 19-9194    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 9/16/2019 In control: City Commission
On agenda: 9/20/2019 Final action: 9/20/2019
Enactment date: 9/20/2019 Enactment #: 2019-286
Title: A Resolution adopting the Capital Improvement Program for the five fiscal years from 2020 to 2024.
Attachments: 1. Signed Resolution 2019-286, 2. FY20 Cover Letter - Capital Improvement Program, 3. FY20 Resolution to approve FY20-24 Five-Year Capital Improvement Plan, 4. 2020-2024 Capital Improvement Plan

Title

A Resolution adopting the Capital Improvement Program for the five fiscal years from 2020 to 2024.

Body

On an annual basis, the City Manager prepares and submits to the City Commission a Five-Year Capital Improvement Plan (CIP) for the upcoming fiscal year (2020) and the four subsequent fiscal years (2021-2024).  The CIP is a comprehensive Plan that addresses short term and long term regulatory, structural, maintenance, quality of life and beautification needs.

 

The projects included in the 2020-2024 CIP have an estimated aggregate cost of $318,940,332.  This plan is made up of the following project categories and amounts:

 

Capital Equipment Replacement/Upgrades              $14,241,703

Facility Repairs/Improvements                                   10,462,396

Historic Facility Improvements                                  23,028,214

Motor Pool Equipment Replacement/Additions         19,720,047

Parking Improvements                                                51,206,064

Parks & Recreation Improvements                             34,391,071

Public Safety Improvements                                       67,300,298

Transportation & right of Way Improvements            50,583,082

            Utility Repairs/Improvements                                     48,007,457