Title
a. Approve the recommended Five-Year Capital Improvement Plan financing plan for Capital Projects Fund 404;
b. Approve the recommendation of capital projects to be funded in FY 2012-13; and
c. Direct Resource Management Agency staff to continue to pursue alternative options for the proposed new office facility for the Public Defender.
Report
RECOMMENDATIONS:
It is recommended that the Board of Supervisors:
a. Approve the recommended Five-Year Capital Improvement Plan financing plan for Capital Projects Fund 404;
b. Approve the recommendation of capital projects to be funded in FY 2012-13; and
c. Direct Resource Management Agency staff to continue to pursue alternative options for the Public Defender.
SUMMARY/DISCUSSION:
The Capital Projects, Fund 404, is the funding source used for major capital projects. Major capital projects eligible for Fund 404 include new and major renovation projects. The Fund 404, Fiscal Year (FY) 2012-13 estimated beginning fund balance is $21,568,240.
The total Five-Year Capital Improvement Plan financial plan for Fund 404 exceeds $147 million (refer to Attachment 1) which far exceeds the funds available. The Fund 404 FY 2012-13 adopted Budget of $5,525,000 was intended to support three projects: 20 E. Alisal Tenant Improvements, 312 E. Alisal Clean-up and Abatement, and East/West Wing. The recommended action would approve a Five-Year CIP for the Capital Projects, Fund 404 as depicted in Attachment 1.
The recommended action will only approve the funding shown in the first year (FY 2012-13) of the five year plan. The funding in the remaining four years is shown for planning purposes. This five year plan constitutes a financing program. The projects listed may be exempt from the County’s proposed Green Building Ordinance. A determination will be made on a case by case basis.
Given the magnitude of the proposed plan and recent unbudgeted cost increases on County capital projects, a quality control plan will be de...
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