Title
Presentation of the FY 2023 through FY 2027 Capital Improvement Plan
Body
Agenda of: January 26, 2022
Item No.: 2022-020
TO: The Honorable
Board of Directors
Great Lakes Water Authority
FROM: Suzanne R. Coffey, P.E.
Interim Chief Executive Officer
Great Lakes Water Authority
DATE: January 19, 2022
RE: Presentation of the FY 2023 through FY 2027 Capital Improvement Plan
MOTION
Upon recommendation of Jody Caldwell, Interim Chief Planning Officer, The Board of Directors for the Great Lakes Water Authority (GLWA), receives and files the presentation of the Capital Improvement Plan Discussion Draft #2 (FY2023 to FY2027), refers the plan to the Capital Planning Committee for their review and recommendation to the full Board of Directors, and 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 2023 through FY 2027 Capital Improvement Plan identifies $965.6 million of water system capital improvements and $761.7 million of sewer system improvements.
COMMITTEE REVIEW
The Capital Planning Committee Reviewed Preliminary Drafts of the CIP on October 19, 2021 and December 14, 2021.