Adopted Capital Improvement Program Budget FY 2024-25 through FY 2029-30

City of Morgan Hill Capital Improvement Program FY 2024-25 – FY 2029-30

Project Name : Bike, Pedestrian and Traffic Safety

Project No. SR5005

Project Location

Financial Comments The funding source for these projects will be the Public Facilities (nonAB1600) Fund (346) for which funds were collected from residential developer fees as part of the Residential Development Control System (RDCS) competition. Due to State legislation passed in 2019, this revenue source is no longer available to the City. Additional outside funding will be required to complete all projects. City staff will continue to actively look for grant funding to support these efforts. Operating Cost Impacts Most projects will bring on additional infrastructure, which will in turn increase operating costs for the City. If all projects are implemented, the Streets Maintenance budget could increase by $50,000 annually for ongoing maintenance, along with repair and replacement costs.

Citywide

Expenditure Schedule Annual Expenditures

2024-25

2025-26

2026-27

2027-28

2028-29

2029-30

Fund-346

600,000

-

-

-

-

-

$ 600,000

-

-

-

-

-

Project Cost

Estimated Project Schedule

Timeline for Completion

Underway as part of Transportation Master Plan

Planning

Ongoing – FY 2024-25

Project Design

Right of Way/ Acquisition/Permitting

Not applicable

Construction

FY 2024-25 and FY 2025-26

Project Close-out

FY 2025-26