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File #: 21-187    Version: 1 Name:
Type: Operational Focus Updates Status: Agenda Ready
File created: 2/9/2021 In control: City Council Work Session
On agenda: 2/15/2021 Final action:
Title: Presentation and discussion on the Five Year Financial Forecast and City's Capital Improvement Program to include the following: 1. Five Year Financial Forecast (Robert Cortinas) 2. Quality of Life Portfolio: COVID-19 Pandemic - Response and Reopening (Tracey Jerome) 3. Discussion and action on the City's Capital Improvement Program and approval of the following Resolution: a) That the City Council authorizes the City Manager to allocate investment interest to projects within each Capital Program in accordance with the Investment Interest Policy and Budget Resolution. (Sam Rodriguez) 4. Consider and adopt a Resolution approving and authorizing publication of a notice of intention to issue certificates of obligation for certain public purposes. (Robert Cortinas)
Sponsors: Capital Improvement Department
Attachments: 1. 02152104 Budget Update Combined, 2. 02152104 El Paso CO 2021 NOI Resolution 02.10.21, 3. 4. 5 Year Forecast v2, 4. 4.3a CIP Comprehensive Update
CITY OF EL PASO, TEXAS
AGENDA ITEM SUMMARY FORM

Details
All Districts
City Manager's Office, Robert Cortinas, (915) 212-1067
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SUBJECT:
APPROVE a Resolution / Ordinance / lease to do what? OR AUTHORIZE the City Manager to do what? Be descriptive of what we want Council to approve. Include $ amount if applicable.
Title
Presentation and discussion on the Five Year Financial Forecast and City's Capital Improvement Program to include the following:

1. Five Year Financial Forecast (Robert Cortinas)

2. Quality of Life Portfolio: COVID-19 Pandemic - Response and Reopening (Tracey Jerome)

3. Discussion and action on the City's Capital Improvement Program and approval of the following Resolution:

a) That the City Council authorizes the City Manager to allocate investment interest to projects within each Capital Program in accordance with the Investment Interest Policy and Budget Resolution. (Sam Rodriguez)

4. Consider and adopt a Resolution approving and authorizing publication of a notice of intention to issue certificates of obligation for certain public purposes. (Robert Cortinas)
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BACKGROUND / DISCUSSION:
Discussion of the what, why, where, when, and how to enable Council to have reasonably complete description of he contemplated action. This should include attachment of bid tabulation, or ordinance or resolution if appropriate. What are the benefits to the City of this action? What are the citizen concerns?
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PRIOR COUNCIL ACTION:
Has the Council previously considered this item or a closely related one?
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AMOUNT AND SOURCE OF FUNDING:
How will this item be funded? Has the item been budgeted? If so, identify funding source by amount numbers and description of account. Does it require a budget transfer?
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