CIP - FY 2025-29 FINAL - Flipbook - Page 24
Capital Improvement Plan
In FY 2024/25, the City will start construction of the Coolidge Side Streets Sewer and Water
Expansion project. This project will be funded by the Utility Renewal & Replacement Fund and the
Sewer and Water Impact Fee Funds. Staff has also applied for FDEP Funding.
The expansion of the sewer and water system will provide utilities for future growth in the
Rosenwald Garden area. The new sewer system will eliminate septic tanks for future development
and allow for septic to sewer projects on existing homes. The water system will allow for growth and
fire flow in an area that could not support the increased demand.
The expansion of the Coolidge Side Streets Sewer & Water represents one phase of a proactive and
forward-looking investment in the City’s infrastructure, environment, and community well-being. It
supports growth, protects the environment, ensures regulatory compliance, and contributes to the
long-term financial stability of the City. This reflects Eustis’ commitment to responsible urban
development and environmental stewardship.
The Water and Wastewater Department plays a pivotal role in ensuring the delivery of high-quality
water services and responsible wastewater management to residents and businesses alike. The
City’s investment in these critical areas reflects its dedication to meeting the demands of a growing
population while maintaining a focus on environmental sustainability and resource protection.
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Beginning Fund Balance in FY 21-22 based on cash available
Water and Wastewater revenue projections going forward include a 2.5% increase/year for FY 2024/26 and 3%
for FY 2026/29
Other revenue projections going forward include a 1% increase per year for FY 2024/26 and 3% for FY 2026/29
Impact fee revenue projections going forward include a 2% increase per year for FY 2024/26 and 3% for FY
2026/29 (new subdivision revenue)
Expenditures projections assume a 5% increase per year for FY 2024/29
CIP Expenditures projections for FY 2024/29 are based on the estimated cost of CIP projects
Analysis assume that project budgets are fully spent each year going forward.
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