Summary
To: Finance and Infrastructure Boards
From: Ashley L. A. Bernal, Assistant Town Manager
Date: 2/12/2025
______________________________________________________________________
Subject:
Title
CIP Priorities Discussion
Summary:
In 2024, staff brought the attached Capital Improvement Plan (CIP) to the Infrastructure and Finance boards. This was set as a discussion about approving the projects and their priority ranking over the next five years.
We are recognizing major funding challenges for completing all projects listed. If Belleair seeks to complete these projects over the next five years, the Town will need to secure an additional $6 million each year. There is currently $35 million worth of projects in the CIP, which does not include new ones that staff has identified. Some are more paramount than others, but this present conversation is to discuss alternative funding sources, what specific projects the board wishes to focus on, and other items related to the CIP.
End
Body
Previous Commission Action: Approval of 2024-2025 Capital Improvement Plan.
Expenditure Challenges: Identifying new funding sources to secure $6 - $10 million for projects.
Recommendation: No recommendation, this item is only for discussion.
Proposed Motion: No motion required, this item is only for discussion.