FY 2018-19 and 2019-20 Adopted Operating and CIP Budget
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
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