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HomeMy WebLinkAboutcover memoCITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM Ocoriar TO: The Honorable Mayor and Members of the City Comm sal 2 3 2004 DATE: FILE: SUBJECT: Resolution Approving the "2004-2005 Multi -Year Capital Improvement Plan" FROM: REFERENCES: Arriola Manager ENCLOSURES: Capital Improvement Plan RECOMMENDATION It is respectfully recommended that the City Commission adopt the attached Resolution approving the "2004-2005 Multi -Year Capital Improvement Plan." BACKGROUND The Department of Capital Improvements is tasked with the responsibility to fiscally manage and track all capital expenditures of the City. Additionally, the Department directs and executes capital improvement projects for the City that require professional design and engineering services. Pursuant to the provisions of Florida Statutes, Section 163.3177, adopted by the City as part of the Financial Integrity Ordinance, No.11890 as amended, and codified as Section 18-541 - 18-542 in the City Code, we are required to prepare a capital plan detailing improvements needed to support City services. The Plan is to identify funded, partially funded, and unfunded projects; to detail current Fiscal Year plus five (5) additional years; and to include independent needs assessments from departments. The Capital Improvement Plan is detailed by fund, identifies revenue sources, planned financing options, and unfunded projects. JAI C MHCIJ