From
Kathleen Mercer
Title
Resolution Accepting the FY 2021/2024 Capital Improvements Plan
Presenter
Kathleen Mercer, Budget Director
Recommended Action
Approve
Analysis
As part of the Capital Improvement Projects Budget process, the City Council accepts the FY 2021/2024 Capital Improvements Plan (Exhibit A) and approves of this document as a planning tool to prepare for future bond sales and/or bond elections.
It is understood that acceptance of the FY 2021/2024 Capital Improvements Plan does not obligate Future City Councils to specifically approve the anticipated projects or bond sales or election amount, but rather the Document will serve as a tool to assist the City and private sector in planning for the City’s infrastructure development.
Financial Consideration
None.
Body
A RESOLUTION OF THE CITY OF GRAND PRAIRIE, TEXAS, ACCEPTING THE FY 2021/2024 CAPITAL IMPROVEMENTS PLAN AND APPROVING THE DOCUMENT AS A PLANNING TOOL FOR FUTURE BOND SALES AND/OR ELECTIONS; TO BECOME EFFECTIVE UPON ITS PASSAGE AND APPROVAL
Whereas, the City Council desires a plan to develop and implement a well-planned Capital Improvements Plan (CIP) to coordinate these needed public investments; therefore
NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of GRAND PRAIRIE, Texas that:
SEction 1. THAT THE City Council accepts the FY 2021/2024 Capital Improvements Plan (Exhibit A) and approve this document as a planning tool to prepare for future bond sales and/or bond elections.
Section 2. THAT IT is understood that acceptance of the FY 2021/2024 Capital Improvements Plan does not obligate Future City Councils to specifically approve the anticipated projects or bond sales or election amount, but rather the Document will serve as a tool to assist the City and private sector in planning for the City’s infrastructure development.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS, 17TH DAY OF SEPTEMBER, 2019.