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HomeMy Public PortalAboutRES-CC-2019-51RESOLUTION NO. 51-2019 A RESOLUTION ADOPTING A CAPITAL PROJECTS PRIORITIZATION MATRIX FOR THE CITY OF MOAB Appendix A Project: Description: #Criteria Description Max Value Scoring Description Assigned Value Weight Score 100 Essential Projects - this category includes capital projects that have a legal, safety, regulatory or other mandated minimum requirement where not achieving these requirements would lead to legal action, fines, penalties or high risk of liability against the Municipality 80 Priority Projects - this category includes projects required to maintain critical components in a state of good repair. These projects are not mandatory but will maintain critical infrastructure at current service levels. 60 Efficiency or Cost Savings Projects - These projects have a positive breakeven over the life of the capital investment due to operational cost savings and will provide financial benefits in the future. 40 State of Good Repair/Lifecycle - This category includes projects that maintain existing capital infrastructure. These projects are not mandatory but if the project is not undertaken the current level of service/condition of the capital asset will decline. 20 Improvement (non-essential) - This category includes: projects that will increase current service level; new facilities; expansion of existing facilities or new initiatives. 100 Project will coordinate upgrades or replacements of other infrastructure (two or more) 50 Project will coordinate upgrades or replacements of other infrastructure (less than two) 0 Project will not coordinate upgrades or replacement of other infrastructure 100 Directly aligned with General Plan and/or a Master Plan 50 Indirectly linked to General Plan and/or a Master Plan 0 No alignment with any strategic goals 100 Significant impact 50 Moderate impact 10 Low impact 0 No impact 2 0 010% The project will coordinate upgrades to existing infrastructureMultiple Improvements DRAFT City of Moab Capital Projects Prioritization Matrix 4 Risk Assessment The extent to which the project will address/mitigate risk to public health and/or occupational health and safety 15% 20%Project Category 5 categories of projects that support different classifications of projects which vary depending on importance and impact to the public 1 3 Strategic/Sustainability Alignment The project’s alignment with strategic/sustainability goals as set out in a departmental Master or Strategic Plan and/or Sustainability Plan 15% 00 0 0 00 Moab City Finance Department G:\Shared drives\Finance Director\Capital Projects\Prioritization Process\Capital Projects Prioritization Matrix Revised.xlsx Updated on: 12/6/2019 Appendix A Project: Description: #Criteria Description Max Value Scoring Description Assigned Value Weight Score DRAFT City of Moab Capital Projects Prioritization Matrix 100 Financed entirely from external sources and must proceed immediately to leverage funds 90 Financed entirely from external sources 75 Impact Fee eligible funding (sliding scale based on eligibility) 50 75% - 100% of project financing is from external sources 25 25% - 74% of project financing is from external sources 10 Less than 25% of project financing is from external sources 0 Financed entirely from debt, tax levy or tax levy funded reserves 100 Able to measure a positive ROI with a payback period of less than 7 years 50 Able to measure a positive ROI with a payback period of greater than 7 years 0 ROI difficult to measure 100 Addresses a current service level deficiency so level of service standard is achieved 50 Increases level of service 0 Has no impact on service level Total:100%0 5 Financing 20% 7 Service Levels Impact on the service levels to the public as a result of the project 10% 6 Cost/Benefit (payback) includes legacy costs, operational costs and energy savings costs Project will generate cost savings and/or revenue enhancements that will provide a positive return on investment (ROI) 10% 00 00 00 Moab City Finance Department G:\Shared drives\Finance Director\Capital Projects\Prioritization Process\Capital Projects Prioritization Matrix Revised.xlsx Updated on: 12/6/2019