HomeMy Public PortalAboutRES-CC-2022-16CITY OF MOAB RESOLUTION NO. 16-2022
A RESOLUTION adopting the 2022-2026 Capital Improvement Project List
WHEREAS, the prioritization of capital projects for the City of Moab ("City") is crucial for long
term capital planning as well as the financial process of analyzing the annual debt repayment
limit of the City and other resource constraints; and
WHEREAS, the purpose of the Capital Improvement Project List (CIP) is to plan for and prioritize
public improvements in the short and long term; and
WHEREAS, staff has met and reviewed the identified Capital Improvements and has made
revisions and prioritized the projects utilizing the adopted Capital Projects Prioritization Matrix,
and recommends adoption of the Capital Improvement Project List as presented; and
WHEREAS, the 2022-2026 Capital Improvement Project List identifies specific projects and their
estimates for consideration and approval by the governing body; and
WHEREAS, for purposes of planning and allocating resources the governing body should
consider and approve the Capital Improvement Project List; and
WHEREAS, it is the intent of the governing body that funds for projects will require subsequent
approval by the governing body.
NOW THEREFORE, BE IT RESOLVED THAT:
1. The governing body finds that the improvements described are necessary to serve
the public interest.
2. The Capital Improvements Pronject List shall be updated and presented for
governing body approval annually.
r All project budgets will require governing body approval prior to expenditure of any
CIP related funds.
4. The governing body approves the attached Capital Improvement Project List.
S. This resolution shall become effective upon passage and approval by the governing
body.
PASSED AND APPROVED by a majority of the City Council, this 24th day of May, 2022.
Date
Date
City of Moab Capital Projects Prioritization Matrix
Multiple Improvements
Strategic/Sustainability
Alignment
Risk Assessment
Financing
Cost/Benefit (payback)
includes legacy casts,
•,reratl.nrl c• ir, an, -n-t
Service Levels
Max
escription Value Scaring i scripti n Wiieigk
S categories of projects
that support different
classifications of projects
which vary depending on
importance and impact
to the public
The project will
coordinate upgrades to
existing Infrastructure
The project's. alignment
with
strategic/sustalnabilkty
The extent to which the
project will
address/mitigate risk to
public health and/or
Project will generate cost
savings and/or revenue
enhancements that will
part on the service
evels to the public as. a
result of the project.
100%
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
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.
Efficiency or Cost Savings Projects •These projects have a positive hreakeven over the
file of the capital investment due to operational cost savings and will provide financial
:benefits in the future.
od Repair/Lifetycte - This category includes projects tt at maintain existing
capital infrastructure. These' projects are not mandatory but i the project Is not
undertaken the current level of service/condition of the capital asset will decline.
Improvement loon -essential) - This category includes: projects that will increase
current service level new facilities; expansion of existing facilities or new initiatives,
Project will coordinate upgrades or replacements of other infrastructure (two or
Project wild coordinate upgrades or replacements of other infrastructure (less than
Project will not coordinate upgrades or replacement of other infrastructure
Directly aligned with General Plan and/or a Master Plan
Indirectly linked to General Plan and/or a Master Plan
No alignment with any strategic goals
Significant impact
Moderate impact
Low Impact
No Impact
Financed entirely front external sources and must proceed immediately to levee_age
Financed entirely from external sources
Impact Fee eligible funding (sliding scale based on eligibility)
75% - 100% of project financing Is from external sources
25%- 74% of project financing is from external sources
Less than 25% of project financing is from externa4 sources
Financed entirely from debt, tax levy or tax levy funded reserves.
Able to measure a positive ROI with a payback period of less than 7 years
Able to measure a positive ROI with a payback period of greater than 7 years
ROf difficult to measure
Addresses a current service level de
50 increases level of service
0 Has no rmpact on service level'.
ncy so
evel of service standard'is achieved
10%