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File #: 2020-056    Version: 1 Name:
Type: Resolution Status: Passed
File created: 2/12/2020 In control: Board of Directors Workshop Meeting
On agenda: 2/26/2020 Final action: 2/26/2020
Title: Resolution Regarding Approval of FY 2021 through FY 2025 Capital Improvement Plan
Sponsors: Suzanne Coffey
Indexes: Planning Services
Attachments: 1. Resolution 2020-056 CIP, 2. 2020-02-25_FinalCIP, 3. GLWA 2021-2025 CIP Final, 4. GLWA 2021-2025 CIP - Appendix A - Water Projects (2), 5. GLWA 2021-2025 CIP - Appendix B - Wastewater Projects, 6. GLWA 2021-2025 CIP - Appendix C - Centralized Services Projects
Title
Resolution Regarding Approval of FY 2021 through FY 2025 Capital Improvement Plan

Body
Agenda of: February 26, 2020
Item No.: 2020-056

TO: The Honorable
Board of Directors
Great Lakes Water Authority

FROM: Sue F. McCormick
Chief Executive Officer
Great Lakes Water Authority

DATE: February 12, 2020

RE: Resolution Regarding Approval of FY 2021 through FY 2025 Capital Improvement Plan
MOTION

Upon recommendation of Suzanne Coffey, Chief Planning Officer, The Board of Directors for the Great Lakes Water Authority (GLWA), Adopts the resolution supporting the Capital Improvement Plan (CIP) for Fiscal Years 2021 through 2025 and the Chief Executive Officer to approve the five year Capital Improvement Plan (CIP) for Fiscal Years 2021 through 2025, noting an affirmative vote of at least five (5) Board Members is necessary for approval of this Motion; and also authorizes the Chief Executive Officer to take such other action as may be necessary to accomplish the intent of this vote.
JUSTIFICATION
A capital improvement plan addresses the following objectives.
1. Identifies an organization's priorities within available resources over a multiple year period.
2. Communicates the scope, funding, and timing to stakeholders, coordinating agencies, investors, and the public.
3. Encompasses stakeholder engagement in its development.
4. Aligns with strategic objectives of the organization, including effective capital delivery and regulatory compliance at the lowest cost of capital investment.
BUDGET IMPACT
The FY 2021 through FY 2025 Capital Improvement Plan identifies $935.4 million of water system capital improvements and $739.4 million of sewer system improvements. Given that GLWA adopts a two-year budget, it is recommended that FY 2021 and FY 2022 be designated as a two-year capital budget for purposes of carrying out the CIP that coincides with GLWA adopted biennial operating budget (also referenced as the revenue requir...

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