FY18-19 and 19-20 RECOMMENDED OPERATING AND CIP BUDGET - FIN

CITY OF MORGAN HILL CAPITAL IMPROVEMENT PROGRAM

Expenditure Schedule & Category

Parks & Recreation: 140016

2018-19

2019-20

2020-21

2021-22

2022-23

2023-24

86120 - Property Acquisition

$1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000

PROJECT COST

$1,000,000

$1,000,000

$1,000,000

$1,000,000

$1,000,000

$1,000,000

Funding Source(s)

2018-19

2019-20

2020-21

2021-22

2022-23

2023-24

f306 - Agriculture & Open Space Preservation

$1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000

FUNDING TOTALS

$1,000,000

$1,000,000

$1,000,000

$1,000,000

$1,000,000

$1,000,000

Financial Comments This project accounts for the City spending $1,000,000 per year over the next six years on agricultural conservation easements. This allocation would also include funding for any required mitigation for City facilities developed on agricultural lands. The actual amounts spent each year will vary depending on the costs of actual easements or related property purchases. Estimated Project Schedule Timeframe Planning Year-round activity Right-of-Way Acquisition & Permitting Year-round activity Operating Cost Impacts The purchase of agricultural preservation easements is not expected to create any additional long term operating costs for the City as the easements are planned to be transferred to another entity to enforce them.

2019-2024 Six-Year Capital Improvement Program

PAGE: 31 OF 152