DATE: September 13, 2022
SUBJECT:
Title
RESOLUTION APPROVING AMENDMENT TO BOARD OF PORT COMMISSIONERS (BPC) POLICY NO. 120, CAPITAL IMPROVEMENT PROGRAM (CIP), MODIFYING THE ANNUAL FUNDING DETERMINATION AND THE PROJECT SELECTION PROCESS.
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EXECUTIVE SUMMARY:
Board of Port Commissioners (BPC) Policy No. 120 was established for the orderly development and the improvement of the capital assets of the San Diego Unified Port District (District) through a Capital Improvement Program (CIP) (current Policy No. 120, Attachment A). The District acknowledges that each area of tidelands in its trust offers different Public Trust assets and value, and that each possesses varying degrees of opportunity for development, real estate, maritime, recreation and conservation as well as constraints. Therefore, the District establishes this CIP Policy for the purpose of improving its CIP process and results. This CIP Policy is intended to facilitate capital improvement projects and budgets which are strategically cohesive, ensure clear and consistent treatment of all proposed capital projects on the tidelands, streamline the process, increase efficiency, reduce costs, and improve outcomes.
The financial impacts as result of the COVID-19 Pandemic have adversely affected the amount to allocate towards CIP until such time that the District has developed a substantial reserve. The project selection process must adapt to a program with a smaller budget, with greater efficiency in program administration.
Staff recommends an amendment to BPC Policy No. 120 (Attachment B) modifying the annual funding determination and improving the efficiency of the project selection process.
RECOMMENDATION:
Recommendation
Adopt a resolution approving amendment to BPC Policy No. 120, Capital Improvement Program (CIP), modifying the annual funding determination and the project selection process.
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FISCAL IMPACT:[h1]
This agenda item has no fiscal impact.
COMPASS STRATEGIC GOALS:[h2]
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