BOARD AGENDA MEMORANDUM
Government Code ? 84308 Applies: Yes ? No ?
(If "YES" Complete Attachment A - Gov. Code ? 84308)
SUBJECT:
Title
Conduct a Public Hearing to Consider the Santa Clara Valley Water District's Capital Improvement Program Draft Fiscal Years 2025-29 Five-Year Plan and Adopt a Resolution Approving the Capital Improvement Program Final Fiscal Years 2025-2029 Five-Year Plan.
End
RECOMMENDATION:
Recommendation
A. Open and conduct the Public Hearing continued from April 24, 2024, to receive public comments and Board feedback regarding the Santa Clara Valley Water District's Capital Improvement Program (CIP) Draft Fiscal Years (FY) 2025-2029 Five-Year Plan;
B. Close the Public Hearing;
C. Direct staff to incorporate the identified changes to the CIP Draft FY 2025-2029 Five-Year Plan and finalize the FY 2025-2029 Five-Year Plan by June 30, 2024; and
D. Adopt the Resolution APPROVING THE CAPITAL IMPROVEMENT PROGRAM FISCAL YEARS 2025-2029 FIVE-YEAR PLAN.
Body
SUMMARY:
Each year, Valley Water's Capital Improvement Program (CIP) prepares a Five-Year Plan for Board consideration and approval. The CIP Five-Year Plan describes Santa Clara Valley Water District's (Valley Water) capital investment priorities. It provides information on the planned capital projects and Valley Water's intended source(s) of funding. Staff presents the CIP Five-Year Plan to the Board at the Preliminary and Draft stages for the Board to make decisions and provide direction. The CIP Final Five-Year Plan is approved with the annual budget, wherein funding is appropriated to the projects for the following fiscal year.
Capital Investments Not Included in the CIP
Not included in the CIP Final Fiscal Years (FY) 2025-29 Five-Year Plan are Valley Water contributions to water infrastructure capital investments led by external agencies. While not included in the CIP, these investments are being evaluated through the development of the Water Supply Master Plan (WSMP) 2050 and...
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