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File #: 2021-052    Version: 1 Name:
Type: Resolution Status: Passed
File created: 2/9/2021 In control: Board of Directors
On agenda: 2/24/2021 Final action: 2/24/2021
Title: Resolution Regarding Approval of FY 2022 through FY 2026 Capital Improvement Plan
Sponsors: Suzanne Coffey
Indexes: Planning Services
Attachments: 1. 2021 CIP Resolution, 2. 2021_02_16 CIP Planning Committee Presentation, 3. 2022-2026 CIP Doc, 4. App A BCE Reports _ Water, 5. App B BCE Reports _ Wastewater, 6. App C BCE Reports_ CentralizedServices, 7. GLWA 2022-2026 CIP_AppendixD_Sys Info, 8. GLWA 2022-2026 CIP_HowtoNavigate (1)
Title
Resolution Regarding Approval of FY 2022 through FY 2026 Capital Improvement Plan

Body
Agenda of: February 24, 2021
Item No.: 2021-052

TO: The Honorable
Board of Directors
Great Lakes Water Authority

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

DATE: February 9, 2021

RE: Resolution Regarding Approval of FY 2022 through FY 2026 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 2022 through 2026 and authorizes the Chief Executive Officer to approve the five year Capital Improvement Plan (CIP) for Fiscal Years 2022 through 2026, 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.
FINANCIAL PLAN IMPACT
The FY 2022 through FY 2026 Capital Improvement Plan identifies $932.5 million of water system capital improvements and $738.4 million of sewer system improvements. The financial plan anticipates expenditures at 75% of the identified improvements.
COMMITTEE REVIEW
The Capital Planning Committee reviewed Preliminary Drafts of the CIP on October 27, 2020 and December 15, 2020. The f...

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