BOARD AGENDA MEMORANDUM
SUBJECT:
Title
Public Hearing on the Santa Clara Valley Water District's Draft Fiscal Years 2023-2027 Five-Year Capital Improvement Program (Continued from April 27, 2022), and Adoption of Resolution Approving the final Fiscal Years 2023-2027 Five-Year Capital Improvement Program.
*PREVIOUSLY LISTED AS ITEM 2.6
End
RECOMMENDATION:
Recommendation
A. Re-convene the public hearing from April 27, 2022, to receive comments regarding the Santa Clara Valley Water District's Draft Fiscal Years 2023-2027 Five-Year Capital Improvement Program (CIP);
B. Close the public hearing;
C. Direct staff to incorporate the identified changes to the Draft FY 2023-2027 Five-Year CIP and finalize the FY 2023-2027 Five-Year CIP by June 30, 2022; and
D. Adopt the Resolution APPROVING FISCAL YEARS 2023-2027 FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM.
Body
SUMMARY:
The Santa Clara Valley Water District's (Valley Water) Draft Fiscal Year (FY) 2023-2027 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 2023-2027 CIP, to be finalized, includes 64 capital projects to be funded and which are categorized as follows: 29 Water Supply, 16 Flood Protection, 11 Water Resources Stewardship, 3 Buildings and Grounds, and 5 Information Technology, for a total planned cost of $8.29 billion. Approximately $1.29 billion may be funded by external sources through cost-share agreements, partnerships, and grants, resulting in a total CIP cost to Valley Water of $7.00 billion.
The Board reviewed and approved the preliminary Five-Year CIP list on January 10, 2022. For the purpose of reporting on FY 2021-22 expenditures, the FY 2023-27 CI...
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