DATE: August 8, 2017
SUBJECT: CAPITAL IMPROVEMENT PROGRAM
Title
RESOLUTION ESTABLISHING THE 2019-2023 CAPITAL IMPROVEMENT PROGRAM (CIP) TO INCLUDE REMAINING PROJECTS AND FUNDS FROM THE 2014-2018 CIP AND WAIVING BPC POLICY NO. 120, SECTION 3-7, TO ELIMINATE THE SOLICITATION OF NEW PROJECTS AND THE CIP WORKSHOP FOR 2017
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EXECUTIVE SUMMARY:
In accordance with Board of Port Commissioner's (BPC) Policy No. 120, the Port facilitates capital development projects through a 5-year CIP. The FY 2014-2018 CIP will end June 30, 2018. Based on direction from the Board, staff recommends the establishment of a new 5-year CIP for FY 2019-2023 and the rollover of projects that will be on-going at the end of June 2018.
Staff presented the CIP to the Board on April 25 and May 16, 2017. The Board provided direction to staff at each meeting regarding the CIP. Based on this direction, staff recommends formalizing the FY 2019-2023 CIP and eliminating the solicitation of new projects this year.
The waiving of BPC Policy No. 120 Sections 3-7 will align with the Board's direction to eliminate the solicitation of new projects this year and the CIP workshop.
RECOMMENDATION:
Recommendation
Adopt a resolution establishing the 2019-2023 Capital Improvement Program (CIP) to include remaining projects and funds from the 2014-2018 CIP and waiving BPC Policy No. 120, Section 3-7, to eliminate the solicitation of new projects and the CIP Workshop for 2017.
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FISCAL IMPACT:
There will be no fiscal impact as a result of this resolution. CIP project budgets have been approved by the Board in past actions. Appropriation of funds in future fiscal years will be submitted with the annual budget for Board approval.
COMPASS STRATEGIC GOALS:
This agenda item supports the following Strategic Goal(s).
* A Port that the public understands and trusts.
* A thriving and modern maritime seaport.
* A vibrant waterfront destination where residents and visitors converge.
* A Port w...
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