BOARD AGENDA MEMORANDUM
SUBJECT:
Title
Public Hearing on the Santa Clara Valley Water District's Draft Fiscal Years 2022-2026 Five-Year Capital Improvement Program (Continued from April 28, 2021), and Adoption of Resolution Approving the final Fiscal Years 2022-2026 Five-Year Capital Improvement Program.
End
RECOMMENDATION:
Recommendation
A. Re-convene the public hearing from April 28, 2021 to receive comments regarding the Santa Clara Valley Water District's Draft Fiscal Years 2022-2026 Five-Year Capital Improvement Program (CIP);
B. Close the public hearing;
C. Direct staff to incorporate the identified changes to the Draft FY 2022-2026 Five-Year CIP and finalize the FY 2022-2026 Five-Year CIP by June 30, 2021; and
D. Adopt the Resolution APPROVING FISCAL YEARS 2022-2026 FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM.
Body
SUMMARY:
The Santa Clara Valley Water District's (Valley Water) Draft Fiscal Year (FY) 2022-2026 Five-Year Capital Improvement Program (CIP) (Attachment 1) 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, flood protection infrastructure, and support Valley Water's mission of environmental stewardship.
Valley Water's FY 2022-2026 CIP, to be finalized, includes 68 capital projects to be funded and distributed among the following categories: 31 Water Supply, 17 Flood Protection, 12 Water Resources Stewardship, 2 Buildings and Grounds, and 6 Information Technology projects, for a total planned cost of approximately $8.0 billion. Approximately $1.3 billion may be funded by outside sources through cost-share partnerships and grants, resulting in a total CIP cost to Valley Water of approximately $6.7 billion.
The Board reviewed and approved the preliminary 5-year CIP list on January 12, 2021. That CIP list of projects included five projects that are completed, closed, o...
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