COUNTY OF ALBEMARLE

 

EXECUTIVE SUMMARY

 

 

AGENDA TITLE:

FY08-12 Capital Improvements Program

 

 

SUBJECT/PROPOSAL/REQUEST:

Review and approval of the FY08-12 Capital Improvements Program

 

 

STAFF CONTACT(S):

Messrs. Tucker, Foley, Breeden

 

  

LEGAL REVIEW:   No

 

 

AGENDA DATE:

June 13, 2007

 

 

ACTION:    X                     INFORMATION:   

 

CONSENT AGENDA:

     ACTION:                      INFORMATION: 

 

 

ATTACHMENTS:   Yes

 

 

REVIEWED BY:

 

 

BACKGROUND:

During the FY08 budget work sessions, staff reviewed the FY08-12 CIP in its entirety with the Board.  During that review, the Board requested additional information on several capital projects and has been working through a series of work session on those projects.  Three of the identified projects were recently reviewed as part of the Board’s final adoption of the FY07/08 Budget.  The changes approved as a part of that review have been incorporated into the CIP.  The remaining projects are scheduled for review on June 13th so that final action can be taken on the FY08-12 Capital Improvements Program at the end of the work session.

 

STRATEGIC PLAN:

Develop Policies and Infrastructure Improvements to Address the County’s Growing Needs.

 

DISCUSSION:

The work session on June 13th will provide the Board with the additional project information requested as well as an overview of the impact of the reduced tax rate on the capital transfer and reserve.

 

The agenda for the work session is as follows:

 

The FY08-12 Capital Improvements Program must be adopted prior to June 30, 2007.

·          

RECOMMENDATIONS:

Staff recommends the Board adopt the FY08-12 Capital Improvements Program with any final amendments the Board feels are necessary.

 

 

ATTACHMENTS

Attachment A - FY08-12 Capital Improvements Program Work Session Presentation (DRAFT)

Attachment B - Revised Summary of Capital Projects and Capital Fund Revenues
Return to regular agenda