Page 404 - City of Bedford FY20 Approved Budget

CAPITAL IMPROVEMENT PROGRAM

The City of Bedford Capital Improvement Program (CIP) is a process by which the City
develops a five-year plan for major capital expenditures. The CIP lists each proposed project,
the time frame estimated, the financial requirements, and proposed methods of financing. CIP
projects include improvements that are relatively expensive, non-recurring, have a multi-year
useful life, and result in fixed assets. For example, the construction and acquisition of new
buildings; additions or renovations to existing buildings; construction and reconstruction of
streets; improvements to water, sanitary sewer, and drainage; and purchases of land and major
equipment. Due to the nature and total cost of most of the City’s CIP, General Obligation and
Revenue Bonds and Certificates of Obligation are major sources of funding. As part of the FY
2018-2019 budget process, staff developed lists for equipment replacements and major facility
maintenance. These have also been projected on a five-year plan and updated annually. Items
that are proposed to be funded in the upcoming fiscal year include a description of the need and
identification of the funding source in the project sheets.

Street Improvement Economic Development Corporation (4B)
Bedford voters approved a half-cent sales tax to be used for road maintenance and improvement
needs. The half-cent sales tax went into effect on April 1, 1998 and Certificates of Obligation
were issued to improve 386 miles of streets. Since that completion, the 4B funding is used for a
program of annual preventative maintenance for City streets. The Bedford Street Improvement
Economic Development Corporation was created to direct and authorize all expenditures, with
the City Council having final approval. The Council appointed Corporation is comprised of
citizens and elected officials. The combined schedule of budgeted revenue and expenses are
included in this section as much of the work is of a capital level. Further information about the
program can be found in the Public Works Department section.

Bedford 2000, Bedford 2005, and Phase Next Bond Initiatives
Following the adoption of a half-cent sales tax for property tax reduction, the City Council
appointed a 120 member Bedford 2000 Committee to evaluate capital needs within the City over
the next decade. The Committee’s work resulted in a $31.45 million bond proposal approved by
the voters on November 7, 1995. A similar process was established when considering capital
needs by the Bedford 2005 Committee. Their proposals were submitted to the voters on
November 6, 2001. Of the eleven propositions included, nine passed. Most of the projects
included in these bond proposals have been completed or operational needs have changed,
eliminating the need for the project. In November 2017, voters approved a $70 million bond
proposition for improvements to the Boys Ranch Park, known as Phase Next.

Individual Project Descriptions

Information on the active individual projects is included with detailed analysis on funding and
operational impact. The below projects were included in an authorized bond package, but the
need has evolved, and the project will no longer be pursued.
Project Budget Status
Animal Control Center Expansion $ 239,450 On-hold indefinitely
Fire/Police Combined Training Center $ 561,558 On-hold indefinitely

No longer pursued with loss
Joint Regional Dispatch Facility $ 613,000
of partnerships

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