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Long Term Financial Planning and Major Initiatives Chapter 163 Florida Statutes and Florida Administrative Code Rule 9J-5 requires each local government to have a Comprehensive Land Use Plan. An important part of this plan is the Capital Improvements Plan (CIP) which evaluates the need for public facilities in support of the Future Land Use Element, to estimate the costs of improvements for which local government has fiscal responsibility, to analyze the fiscal capacity of the local government to finance and construct improvements, and to adopt financial policies to guide the funding and construction of the improvements. The CIP is updated annually and encompasses a period of five years. Listed below are some major projects included in the current CIP along with the source of funding and estimated costs: Intergenerational Recreation Facility at South County Resional Park Construction is well underway for the 40,000 square foot intergenerational recreation facility at the South County Regional Park. The facility will be used to accommodate indoor community exhibits and events, sports activities,programs for senior citizens, a multi-purpose gymnasium and various office and meeting rooms. The building includes modern tilt-up wall construction and standing seam roof construction. Site work includes asphalt parking areas and drives, drainage improvements including retention pond, water and sewer improvements, landscaping and irrigation. The estimated cost of$11 million will be funded by impact fees and optional one cent sales tax. 45th Street Beautification Project This project consists of the milling and resurfacing of 45th Street from 43rd Avenue to east of 24th Avenue. Included in this project is the construction of new five foot wide paved shoulders, sidewalk enhancements, curb and gutter, pavement markings and extensive landscape improvements. Funding of $1.9 million will be derived from gas tax and optional one cent sales tax. 20th Avenue and 16th Street Intersection Improvements This project will include the re-alignment of 20th Avenue at 16th Street as well as the addition of left turn lanes to 20th Avenue and the extension of concrete box culverts in the Indian River Farms Water Control District Lateral "E" Canal. Optional one cent sales tax will provide the $1.1 million funding. Old Dixie Highway Resurfacing from 71st Avenue to County Road 510 The $2.5 million improvements to Old Dixie Highway consist of pavement reconstruction (full depth reclamation) a distance of two miles from 71st Street to County Road 510. Four foot wide paved shoulders, asphalt surface and structural courses, drainage improvements, utility adjustments, signage and pavements markings will be completed. This project is funded by an F.D.O.T. Small County Outreach Program(SCOP) grant and gas taxes. 1st Street SW and 43rd Avenue Intersection Improvements Improvements to this intersection will consist of the reconstruction of a portion of I st Street SW with the addition of left turn lanes in the east and west bound direction. 43rd Avenue will be milled and resurfaced within the intersection. Concrete pipe will be installed in the Indian River Farms Water Control District Canal. The work will also include a traffic signal, four foot wide paved shoulders, curbing and five foot wide sidewalk. Costs are estimated to be $2.2 million and will be funded by optional one cent sales tax. iv