BOARD AGENDA MEMORANDUM
SUBJECT:
Title
Public Hearing and Resolution Approving the Santa Clara Valley Water District's Fiscal Years 2020-2024 Five-Year Capital Improvement Program.
End
RECOMMENDATION:
Recommendation
A. Re-convene the public hearing from April 24, 2019 to receive comments regarding the Santa Clara Valley Water District's (Valley Water) FY 2020-2024 Five-Year Capital Improvement Program (CIP);
B. Close the public hearing; and
C. Adopt the Resolution APPROVING FISCAL YEARS 2020-2024 FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM.
Body
SUMMARY:
The Santa Clara Valley Water District's (Valley Water) FY 2020-2024 Five-Year Capital Improvement Program (CIP) (Attachment 2) is presented for the Board's consideration and approval. The CIP is a multi-year plan describing capital investments planned for the next five fiscal years that are necessary to maintain and improve our water supply and flood protection infrastructure and support Valley Water's mission of environmental stewardship.
A total of 67 capital projects are included in the CIP for funding, categorized as follows: 28 Water Supply, 19 Flood Protection, 10 Water Resources Stewardship, 2 Buildings and Grounds, and 8 Information Technology projects, for a total Valley Water estimated cost of approximately $4.4 billion. An additional $1.2 billion in project funding is expected from outside sources through cost-share partnerships and grants, resulting in a total CIP value of $5.6 billion.
The total estimated value of construction contracts planned for award during the next five years is approximately $1.0 billion, which will generate or sustain between 10,000 and 20,000 jobs. Additional details regarding the process and content of the FY 2020-2024 CIP are available in the PowerPoint presentation (Attachment 3).
New Projects in FY 2020-2024 CIP
The Board reviewed the preliminary CIP on January 8, 2019, the Draft CIP on February 26, 2019, and approved the list of projects for each of the five CIP ...
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