City of Irvine - Fiscal Year 2019-21 Proposed Budget

CITY MANAGER BUDGET MESSAGE

Investing in the City’s Essential Infrastructure: Five-Year Capital Improvement Program As part of the new two-year budget cycle, the City Council is receiving the first comprehensive Five-Year Capital Improvement Program (CIP) document outlining proposed capital projects and funding sources. A total of 48 capital projects are planned for FY 2019-20 and additional 29 projects for FY 2020-21; they are incorporated into the City’s proposed FY 2019-21 Biennial Budget. The proposed CIP responds to the needs of our residents to ensure the streets, public buildings, and parks are well maintained and operated for optimum health and safety, increased efficiency and functionality, enhanced attractiveness and beautification, and compliance to legal mandates.

The two-year proposed CIP budget contains $80.8 million in capital project funding for FY 2019- 20 and $64.5 million for FY 2020-21. Below is a breakdown by project category.

CIP Project Summary

Project Category

New Construction Rehabilitation Total

Facility Improvements

10,997,000

4,951,500

15,948,500

Great Park Improvements

40,995,000

1,460,000

42,455,000

Landscape Improvements

3,150,000

2,580,879

5,730,879

Street &Mobility Improvements

52,748,995

28,412,807

81,161,802

Total

107,890,995

37,405,186

145,296,181

Key capital projects planned for the next two years include:  Street and Mobility Improvements: University Drive Widening (Ridgeline to I-405) and Barranca Parkway Rehabilitation.  Facility Improvements: Bommer Canyon Rehabilitation and Oak Creek Community Park Improvements.  Landscape Improvements: Eucalyptus Windrow Tree Replacement and Walnut Bike Trail Lighting and Landscaping Installation.  Great Park Infrastructure/Improvements: Great Park Administration Building Design and Construction and Shade Structure Improvements. Within the two-year budget, several key capital projects remain unfunded. The estimated cost of these unfunded projects over the two-year period is $9.4 million with approximately 46 percent consisting of facility improvements, 11 percent in Great Park improvements, 33 percent in landscape projects, and 10 percent in street and mobility improvements as shown below.

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FY 2019-21 Proposed Budget

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